Cannabis-Rx Announces $30 Million Financing
Cannabis-Rx (OTCQB:CANA), a company focused on funding the growth of the cannabis industry in states where it is licensed or permitted for medicinal and/or recreational purposes, today announced it will provide financing, commercial real estate solutions and consulting services to state licensed cannabis-related businesses. The company is not engaged in the growing, harvesting, cultivation, possession, or distribution of cannabis.
Cannabis-Rx, which has raised $30 million in capital, plans to invest in light industrial and commercial properties suited for the needs of dispensaries, medical clinics, growers, and those who may supply products and services to the cannabis industry. It will also consider additional investment opportunities in the licensed cannabis industry, ranging from retail and construction to nutrient lines and logistics, as well as providing start-up or operating capital to businesses that meet specific criteria in states where such activity is licensed and/or permissible.
“A number of factors have led to the rapid growth of the licensed cannabis industry, creating a significant need for new capital, infrastructure and resources to help it thrive,” said Llorn Kylo, chief executive officer of Cannabis-Rx. “We are uniquely positioned to capitalize on this opportunity by serving as a one-stop shop for licensed cannabis-related businesses seeking funding, real estate and guidance to help enhance operations and grow their enterprise.”
Cannabis-Rx is currently evaluating and/or pursing investment opportunities in Colorado, Washington and in states that permit the use and/or cultivation of medicinal marijuana. To complement its real estate and financing solutions, Cannabis-Rx plans to offer consulting services to licensed growers and operators.Mr. Kylo is an experienced real estate executive, investor and developer. From 2002 to 2009 he owned and served as the Chief Executive Officer of Form 1 Land, Inc., a real estate development company. Shortly after, he formed Kylo Homes, a developer and manager of residential properties.
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