SOL Global Investments Corp. announced that it has completed an investment in Common C Holdings LP, a Michigan-based, Delaware limited partnership that provides support services to state-compliant licensed cannabis operators. SOL Global invested USD$20 million in Common C Holdings, acquiring 1.4M Class B Common Units. Common C Holdings, which was formed in 2018, provides support services, financing, intellectual property licensing, accounting and professional coordination, and real estate support services to state-compliant licensed cultivation, processing, and retail cannabis operators in Michigan. The Michigan cannabis market has shown significant growth and strength in recent months and has become one of the top cannabis markets in the United States: In the month of July, Michigan’s cannabis revenues were over $170mm, which represents over 500% growth over the last 18 months.
Mmp News Author, Medical Marijuana Program Connection, 08/28/2021 21:10:00