Kush Bottles, a California-based cannabis packaging company, has entered a partnership with a Maryland-based marijuana infrastructure fund that includes a $6 million investment.
According to a news release, Merida Capital Partners’ equity investment in Kush Bottles (OTC: KSHB) is intended to assist the Santa Ana company as it expands its product line, creates more distribution channels and enters new legal marijuana markets.
Here’s what you need to know:
- According to the release, Kush Bottles services more than 5,000 medical and recreational marijuana retailers and cultivators in North America,
South America and Europe.
- Merida plans to help Kush Bottles expand into East Coast states with legal medical and recreational cannabis.
- In January, Merida led a $1 million raise for Simplifya, a Denver-based cannabis compliance software company.
- Last March, Merida invested $1.65 million in GrowGeneration Corp., a Denver-based business that specializes in gardening supplies for commercial and home grows.