Market Overview

TriGrow Launches Capital Product To Fund Client Growth Efforts

Share:
TriGrow Launches Capital Product To Fund Client Growth Efforts
Read more about our latest Cannabis News! CANNABIS HOME

The cultivation solutions brand TriGrow is launching its own financial growth division, TriGrow Capital.

The new TriGrow division aims to help operators finance growth using capital and tech resources.

"The new venture aims to solve some of the funding and growth challenges unique to the cannabis industry, by providing equipment financing options and enabling companies to scale rapidly with more balance sheet flexibility," the company said in a press release. 

Benzinga's Cannabis Capital Conference heads to Detroit on Aug. 15 — click here to learn more!

An example of TriGrow Capital's efforts can be found in the $4 million it provided Seattle-based Hannah Industries, which the company plans to use to expand its annual production by roughly 6,800 pounds.

Seattle-based TriGrow discussed its excitement to partner with another local brand.

"Hannah is home to multiple leading brands in Washington state and is the type of operator we like to back and help. We're looking forward to this next step in growing the company together," Richard Weinstein, TriGrow's chief business development officer, said in a statement. 

Hannah owner and co-founder Jason Whitney said TriGrow is an ideal partner to aid in the company's expansion.

"Not only have we been impressed with TriGrow's ability to produce high quality flower at low cost, but the consistency of produce and process they bring to the table is something I have never seen in this industry."

Related Links:

TriGrow's David Kessler On The Need For Standards In Cannabis Cultivation

The State Of Cannabis Funding: 'You Cannot Just Go Down To Your Local Bank'

Read more about our latest Cannabis News! CANNABIS HOME

Posted-In: marijuana pot TriGrow TriGrow CapitalCannabis News Financing Markets

 

Related Articles

View Comments and Join the Discussion!
Sign up for our secret cannabis newsletter!
Never miss out on the breaking news in the Cannabis Industry!

Progressive Down 4% Following Mixed Q2 Earnings

Mid-Afternoon Market Update: Crude Oil Down Over 1%; Xenetic Biosciences Shares Plummet