In 2019, Mark Spear, Canadian cannabis grower had a plan for collective outdoor farming that has ended in a sudden turn of events. Spear founded the WildFire Collective where he wanted to form an outdoor cannabis collective with some like-minded farmers that would raise capital through equity crowdfunding and start growing high-quality outdoor flowers in the Ottawa Valley region. Now, Spear’s company is closing its doors before harvesting its first crop. Spear told Marijuana Business Daily he still credits the company’s downfall to three factors; tough negotiations with a landlord, clashes with municipal government, and the challenge of raising capital considering the current market landscape.
– Marijuana Business Daily, 08/07/2020 7:00:40 AM