Medical Cannabis Cultivator

Kent County, RI

Clubhouse Capital secured $1.25 million in term financing for a licensed cannabis cultivator in Rhode Island. The loan funded the acquisition of equipment and improvements to the Company’s new premises. The Company, known for its reliable growth and delivery of clean product, wholesales to licensed medicinal marijuana dispensaries in RI. It anticipates broadening production to recreational strains if/when the state legalizes the controlled production and sale of recreational marijuana. The loan was funded by a successful regional businessman whose symptoms from a prolonged and painful illness several years ago were substantially alleviated by medicinal marijuana. (Summer 2017)