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NorCal Cannabis raises USD27m under Series A priced equity round

Jan 31, 2019 - Global Banking News

Cannabis operator NorCal Cannabis revealed on Wednesday the completion of a USD27.4m round of Series A financing with lead investors including Cannabis Growth Opportunity Corporation (CGOC), JM10 Partners and Cresco Capital.

Since its inception in 2015, the company brings the total amount raised to USD50m.

The company plans to use the capital to increase production and manufacturing at its leading-edge Santa Rosa campus, expand its statewide delivery platform, increase its retail and...