Sol Global cannabis investment firm raises CA$50 million; exec resigns

Sol Global, a Toronto-based worldwide cannabis investment firm, stated it raised 50 million Canadian dollars ($37.5 million) in debt financing.

The firm will use the proceeds to fund its enlargement in CBD actions and operations in California, Florida and Michigan.

The firm additionally stated Jonathan Gilbert resigned as president of its subsidiary, Impact Biosciences, which Sol Global is not planning to spin off as an unbiased public entity.

Impact Biosciences is concerned in researching cannabinoid remedy for concussive and traumatic mind damage circumstances.

Sol Global trades on the Canadian Securities Exchange beneath the ticker image SOL.

More particulars on the financing and Gilbert’s resignation might be discovered right here.

Categories: Canadian Medical Marijuana & Cannabis Industry News, Cannabis Industry & Marijuana Business Briefs, International Marijuana Business News, Marijuana Sales, Funding & Banking News, Marijuana Stocks & Publicly Traded Cannabis Companies, United States Cannabis Industry & Marijuana Business News


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