Michigan medical cannabis cultivator Green Peak raises $30M-plus for expansion

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Green Peak Innovations, a medical cannabis cultivator based in Lansing, Michigan, raised more the $30 million in an oversubscribed debt round.

The funds will be used to support Green Peak’s expansion in Michigan as well as plans to take the company’s “scalable model to other states,” CEO Jeff Radway said in a news release.

Plans are currently in place to increase Green Peak’s facility in Windsor, Michigan, by up to twice its existing 60,000 square feet.

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