Cura Partners, Inc. Announces Closing of $75 Million Private Placement Funding Round to Drive Further Expansion
PORTLAND, Ore.--(BUSINESS WIRE)--Nov 28, 2018--Cura Partners, Inc., one of the largest cannabis companies in the world, announced that it has completed a private placement funding round of approximately $75 million. The company also completed a $45 million private placement in July 2018.
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Cura Partners produces and markets a wide variety of cannabis oils, primarily under the Select Oil and Select CBD brand names. (Photo: Business Wire)
Cura’s President and Chief Executive Officer Cameron Forni said, “Since our founding in 2015, Cura Partners has now attracted more than $125 million in private capital and we are on pace to generate sales in excess of $120 million in 2018. This latest capital raise included investments from leading cannabis industry institutional investors in North America, Europe, Asia, Australia and the United Kingdom, reflecting increasing global interest in the cannabis industry and, more specifically, in our unique strategy and growth opportunities. We plan to invest the proceeds in product development, brand marketing, leadership talent and operational infrastructure to drive demand and fulfillment capabilities in the increasing number of legal U.S. and International markets.”
Bayline Capital Partners served as the Company’s capital markets advisor and Goodmans LLP served as the Company’s Canadian legal advisor for the offering.
ABOUT CURA PARTNERS, INC.
Cura Partners, Inc., the parent company of Cura Cannabis Solutions and its affiliates, is one of the largest cannabis companies in the world and on a mission to be the leading provider of cannabis oil in legal U.S. and international markets. Our goal is to provide patients and customers with the cleanest, most flavorful high-quality cannabis oils, with the safest delivery methods available. Makers of the Select Oil and Select CBD brands, Cura was established in Portland, Oregon in 2015. In 2018, we were named as one of the Top 100 Companies to Work For in Oregon by Oregon Business Magazine, placing no. 12 in the Large Companies category. We also placed no. 45 on the Inc. 5000 list and were listed by Portland Business Journal as the fastest-growing companies in Portland’s history in 2018. In addition to our home state of Oregon, we are proud to have a large presence in Nevada, California, Arizona and soon additional states and locations across North America and around the world. Learn more at: www.curacan.com
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CONTACT: Cura Partners, Inc.
Vice President, Investor Relations
KEYWORD: UNITED STATES NORTH AMERICA CANADA OREGON
INDUSTRY KEYWORD: HEALTH ALTERNATIVE MEDICINE RETAIL SPECIALTY
SOURCE: Cura Partners, Inc.
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PUB: 11/28/2018 08:00 AM/DISC: 11/28/2018 08:01 AM