Marijuana Business Magazine November-December 2019

by previous marijuana prohibition policies. Each grant of up to $50,000 is intended to offset the cost of license applications and other startup activities. In addition to financial support, Gage will offer recipients the opportunity to receive hands-on training through visits to Gage facilities, operational oversight and feedback on business plans. Gage has identified Ryan Basore, proprietor of Redemption Cannabis , as the program’s first recipient. Nabis Nabs Arizona Grow Nabis Holdings , a Vancouver, British Columbia- based investment company with specialty investments in assets across multiple divisions of the cannabis sector, closed the acquisition of a cultivation, production and fulfillment facility located in Camp Verde, Arizona, near Phoenix. It’s the second acquisition Nabis announced in Arizona after the company’s definitive agreement to acquire a licensed medical marijuana business, including a Phoenix dispensary. The 44,000-square-foot cultivation, fulfillment and production facility is located on 2½ acres and is one of the largest industrial warehouses in the Verde Valley. Both the zoning verification letter and business license to cultivate marijuana in Camp Verde are secured with the sale. Organa Founder Launches Hemp Company Ralph Morgan, co-founder of Colorado-based oil giant Organa Brands , formed a new company, Collective Hemp Brands . Dr. Dani Gordon, who is based in the United Kingdom, will serve as a partner in the company as well as Collective Hemp’s chief medical officer. She is responsible for formulating a product line and leading the company’s consumer- education program. Grow Supplies Business Expands in Michigan GrowGeneration Corp. , a Denver-based chain of retail hydroponic and organic garden centers, purchased the assets of Grand Rapids Hydroponics. As a result of the acquisition, GrowGen has four retail and warehouse locations in the Michigan market and 24 nationwide. Grand Rapids Hydro marks GrowGeneration’s seventh acquisition in 2019, adding an accretive $8 million in revenue to the company. nextecgroup.com/mjbiz Canna Business Technology A single platform to manage your cannabis business Business optimization and management Health Canada and state reporting Traceability and quality control Secure cloud and data integrity One system that is more than seed to sale