A Canadian business that’s making use of for one of many nation’s marijuana manufacturing licenses signed a letter of intent to acquire Women Grow, a U.S.-based firm that launched as a for-profit enterprise in 2014 to empower ladies within the cannabis business by offering networking alternatives, mentoring and business help.
HollyWeed North Cannabis, a consulting agency that additionally has a number of marijuana manufacturers and is amongst almost 600 corporations making use of for cultivation licenses in Canada, is wanting to make the acquisition after a troublesome interval for Women Grow.
The transaction is topic to due diligence and trade approval. Terms of the deal weren’t disclosed.
Founded in 2014 by Jane West, Women Grow developed right into a nationwide networking energy earlier than experiencing troubles.
West stepped down as the corporate’s board chair in February and was succeeded by Chanda Macias, proprietor of the National Holistic Healing Center dispensary in Washington DC.
In an interview with Marijuana Business Daily in March, Macias mentioned her plans to flip round Women Grow, which operates in 17 U.S. states.
HollyWeed founder and CEO Renee Gagnon stated of Women Grow:
“Women are the cornerstone of the cannabis industry, and it is HollyWeed North’s goal to ensure that women succeed and thrive in this exciting emerging industry.”