Viola, a Los Angeles, CA-based maker of premium quality cannabis products, closed a $16m funding round.
The round was led by Gotham Green Partners.
The company intends to use the funds to acquire a 34,500 sq. ft cultivation, processing and distribution facility in Adelanto, California as well as complete 48,000 sq. ft facility in Detroit, Michigan, and continue to advance the growth of its personnel with key new hires.
Founded by NBA veteran Al Harrington, CEO, Viola is a producer and licensed wholesaler of premium quality cannabis products including. From cultivating premium flower to processing butane extracts, the company manages every aspect of the production process, applying technologies to ensure the consistency and quality of its products.
The company is currently available in Colorado, Oregon, Michigan and California, with plans to expand into Maryland, Nevada and Arizona in 2020.
FinSMEs
07/10/2019