Stability Cannabis, an Oklahoma City, OK-based cannabis cultivation and distribution company, closed $44M in Series A funding.
The backers were not disclosed.
Led by CEO Denver Kitch, COO David Lewis, and Chief Cultivation Officer Austin Clay, Stability Cannabis operates one of the largest cannabis cultivation, processing and retail operations in the American Midwest and provides a diverse array of cannabis products to retail dispensaries and processors.
Established in 2018 as the largest indoor cannabis cultivator in Oklahoma, Stability Cannabis now expands to a multi-state footprint as one of the largest cultivators and distributors in the American Midwest. The company also acquired a minority equity position in a Missouri based cultivation, processing and retail operation. The transaction remains subject to regulatory approval.