British Columbia cannabis cultivation business intends to acquire Women Grow

A Canadian business that’s applying for one of the country’s marijuana production licenses signed a letter of intent to acquire Women Grow, a U.S.-based company that launched as a for-profit venture in 2014 to empower women in the cannabis industry by providing networking opportunities, mentoring and business support.

HollyWeed North Cannabis, a consulting firm that also has multiple marijuana brands and is among nearly 600 companies applying for cultivation licenses in Canada, is looking to make the acquisition after a difficult period for Women Grow.

The transaction is subject to due diligence and exchange approval. Terms of the deal weren’t disclosed.

Founded in 2014 by Jane West, Women Grow developed into a national networking power before experiencing troubles.

West stepped down as the company’s board chair in February and was succeeded by Chanda Macias, owner of the National Holistic Healing Center dispensary in Washington DC.

In an interview with Marijuana Business Daily in March, Macias discussed her plans to turn around Women Grow, which operates in 17 U.S. states.

HollyWeed founder and CEO Renee Gagnon said of Women Grow:

“Women are the cornerstone of the cannabis industry, and it is HollyWeed North’s goal to ensure that women succeed and thrive in this exciting emerging industry.”

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