A Florida-based firm that manages private equity funds focused on the cannabis sector has announced that it’s branching out.
First Harvest Financial, which has its headquarters in Tampa, is opening offices in Chicago and in Boca Raton to help it facilitate more investments in ancillary medical marijuana companies across the nation.
The new offices “increase the firm’s reach to connect legal cannabis companies seeking growth capital to accredited investors,” First Harvest said in a statement published online.
First Harvest invests in companies providing products, services and technologies to the cannabis industry.
The announcement comes at a time when capital investments have been ramping up throughout the marijuana industry, with companies of all stripes announcing six- or seven-figure funding raises. Investment deals in the millions of dollars have become almost commonplace as the industry continues to explode.