Miami-based Cansortium, a vertically built-in hashish operator, stated it raised simply over $56 million in funds ahead of its preliminary public providing (IPO).
The firm will use the web proceeds for continued enlargement of its medical hashish operations in Florida, Michigan, Pennsylvania, Texas, Puerto Rico, Canada and Colombia for reimbursement of debt and for basic working capital functions.
Cansortium, which operates underneath the model Knox Medical, has 4 cultivation amenities and 11 dispensaries throughout Florida, Pennsylvania, Texas and Puerto Rico, with licensing pending in Michigan and Canada.
The Miami agency additionally has a licensed cultivation facility in Colombia.
Cansortium will commerce on the Canadian Securities Exchange beneath the ticker image TIUM.U.
For extra particulars on the increase, click on right here.