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.