CannaVest Corp. said it has closed a $6.5 million round of financing with an unnamed institutional investor, representing one of the larger investment deals in the marijuana industry in recent months.

The Las Vegas-based producer and distributor of hemp, cannabis derivative and cannabidiol products will receive the money in six installments: four of $500,000 each, and two of $2.25 million each, the company said in a release.

CannaVest also renegotiated its financial commitments with a supplier of raw material in Europe to limit its 2015 outlay. The company said the funding and the refinancing will help it improve sales in 2015.

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The investment comes on the heels of several other large financing deals this year, including a $10 million infusion in a company that offers a cannabis delivery app.

CannaVest was the target of a lawsuit last year alleging it engaged in activity that artificially boosted its stock price. The class-action suit was filed by Rosen Law Firm, which filed similar suits against two other companies.