MediSwipe Lands $1.1 Million in Funding

Investment activity in the cannabusiness industry continues to increase, most recently with a sizable investment in MediSwipe, Inc.

The funding commitment is for $1.1 million over six months. It comes from a Chicago-based private equity firm that has previously worked with MediSwipe.

In a press release announcing the deal, CEO B. Michael Friedman said the company is “extremely pleased that our same institutional funding partners have offered MediSwipe over a million dollars to fund expansion and roll out our medicinal product lines in legal (marijuana) jurisdictions.”

MediSwipe sells hemp based beverages, owns vaporizer and e-cig product brands, and offers transaction and software solutions to the marijuana industry.

Daily News | Briefs | Sales, Funding & Banking News

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note: Comments are moderated by our editors who do their best to approve comments ASAP. As Marijuana Business Daily is focused on business, we approve comments that are specifically relevant to industry professionals. General opinions and questions about cannabis may not be posted.