INDUS Holding Company Raises $46 Million In Series B Financing

Published: October 30, 2018

INDUS Holding Company Raises $46 Million In Series B Financing

Solidifying its place as a market leader and transformative force in the regulated cannabis industry, INDUS Holding Company announced it has raised $46 million in financing for the Series B round that ended October 25.

The Series B round – the largest since the company’s formation in November 2014 – launched in March 2018 with the goal of raising $15 million to finance INDUS operations in the cultivation, extraction, manufacturing, sales, marketing, and distribution of licensed cannabis products. Increased investor interest led Co-Founder and Chief Executive Officer Robert Weakley to raise the funding goal twice, from $15 million to $30 million in June 2018 and from $30 million to $46 million in September 2018.

“This is our largest round of financing to date, and its success speaks not only to the incredible growth of this industry, but also to our position as a vertically-integrated organization that proudly embraces regulatory compliance while serving as one of the leading cannabis producers and distributors in California,” Weakley said.

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