Nova Farms, a MA-based integrated cannabis operator, received a $20M in Loan Facility from Chicago Atlantic.
The company intends to use the funds to expand its presence of dispensaries in key states, including New Jersey, and Connecticut.
Led by CEO Derek Ross, Nova Farms is a fully integrated cannabis operator managing a Massachusetts cultivation farm, seven retail brands and five full-service dispensaries. The business began with several licenses and a farm in Massachusetts, and currently includes adult-use cannabis retail brands and full-service dispensaries in Massachusetts (Attleboro, Dracut and Framingham), Greenville, Maine and Woodbury, New Jersey.
The next Nova Farms retail opening is planned for late 2024.
FinSMEs
09/04/2024