Sanitas Peak, a Boulder, Colorado-based investment group, said it has placed a $3 million debt facility with Colorado Cultivars, a producer of industrial hemp.
Proceeds from the loan primarily will be used to develop production and processing facilities at the company’s main farm in Eaton, Colorado.
More details can be found here.
Colorado Cultivars grew 1,500 acres of hemp in 2018 and plans to expand that to 4,000 acres this year, half of which will be certified organic hemp.
Sanitas launched a $50 million private equity hemp fund in December 2018.
Subscribe to our Newsletter
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers