Marijuana Business Magazine April 2020

April 2020 | mjbizdaily.com 23 products to offer muscle gel, skin care, oils, supplements and pet-care products. Ex-NBA Player's Firm Launches Social Equity Effort Viola , a Los Angeles-based producer and seller of premium-quality cannabis products founded by former NBA veteran Al Harrington, launched Viola Cares , a social equity initiative meant to create business and employment opportunities in the cannabis space through education, equitable offerings, criminal-records expungement and incubation programs. Viola Cares’ first partnership is with Root & Rebound, a California group that provides legal and advocacy services to communities most harmed by the war on drugs. The partnership hopes to produce a toolkit for people with cannabis-related convictions. Struggling Delivery Business Raises $35 Million Eaze , a major player in California’s marijuana delivery industry, raised $35 million in its bid to become a vertically integrated company with its own cannabis retail brands. The company also has the ability to raise another $20 million in Series D funding. The raise, which comes after San Francisco-based Eaze laid off about 20% of its workforce last October, takes two forms: • A $20 million Series D funding led by FoundersJT . • A $15 million bridge loan led by Eaze stakeholder Rose Capital and DCM . While Eaze will continue to deliver marijuana products from other companies, its new strategy will provide a “more sustainable and profitable” path as the company expands its existing business, CEO Ro Choy said in a news release. Cultivation Engineering Design Firm Nabs $6 Million Urban-gro , an engineering design-services company in Lafayette, Colorado, that focuses on indoor cannabis cultivation facilities around the world, closed an initial draw of its previously announced credit facility for $6 million with Infor Financial Group of Toronto. Proceeds from the credit facility will be used to refinance existing indebtedness and for general working capital purposes. BUSCH VACUUM SOLUTIONS For Cannabis Processing info@buschusa.com │ www.buschusa.com Vacuum technology is highly useful in cannabis purification processes . Evaporation, extraction, distillation, and crystallization are the most common. Rely on the trusted name for vacuum. Rely on Busch. CUSTOMIZED TO SUIT YOUR NEEDS