Red White & Bloom borrows $60m to buy Illinois marijuana grow facility

Toronto-based multistate marijuana company Red White & Bloom Brands secured a $60 million loan, then signed a definitive agreement to acquire an Illinois medical and recreational cultivation facility for $32.5 million. According to a news release, Red White & Bloom (RWB)’s purchase of Ontario special purpose vehicle Cannabis Capital Partners includes: The rights to a 23,572-foot cultivation […]

Michigan growing-rack producer acquires ventilation company for optimum air flow in vertical cultivation

Pipp Horticulture, a Michigan-based producer of multi-level mobile cultivation systems for the indoor farming and horticulture industries, announced Friday that has purchased Vertical Air Systems. Headquartered in Santa Cruz, California, VAS manufactures air circulation systems and related products for the global indoor vertical farming industry. Terms of the acquisition were not disclosed. “In 2017, when […]

Acreage Hempco parent company names Pfizer alum new CEO

A multistate marijuana company with properties including Acreage Hempco — Acreage Holdings Inc. — has appointed Peter Caldini as chief executive officer. Caldini has experience in both healthcare and consumer packaged goods, having served as president of pharmaceutical giant Pfizer’s divisions in North America and Europe, the Middle East and Africa, as well as working […]

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