Henry’s Original Closes Series B Investment Round at $11 Million Led By Merida Capital Partners
Aug five, 2019 — New York — Henry’s Original (Henry’s), a private California-primarily based vertically-integrated cannabis corporation and brand, announced it closed a Series B investment led by Merida Capital Partners (Merida), a private equity firm focused solely on the cannabis and hemp industries. Henry’s intends to use the funds to expand its cultivation, processing, sales and advertising operations. This investment round also incorporated investments from Large Rock Partners, Delta Emerald Ventures and funds managed by JW Asset Management. The majority of Series A investors also invested in this round as properly.
Henry’s, produces Clean Green-certified flower and pre-roll goods that are cultivated completely in Mendocino County, California. The corporation holds thirteen state licenses which incorporates nursery, cultivation, processing, distribution and a retail dispensary license. The corporation has additional than 100,000 square feet of cultivation in California.
As a corporation that represents the legacy of Mendocino County family members-farmers and original rebels in the cannabis revolution, we are excited to companion with some of the most strategic, thoughtful visionaries in the space.
Henry’s Chief Executive Officer Jamie Warm
Merida’s diverse group of specialists have an understanding of and are really supportive of our vision to scale our hand-crafted customer packaged goods with a regional identity in California as properly as new markets about the nation.
“As 1 of the top pre-roll and pre-packaged flower firms in California in all round sales, this investment positions us to scale our operations, continue to shore up the provide chain and drive development,” stated Henry’s President and COO Joshua Keats.
Henry’s is properly-positioned to achieve substantial industry share in California, the most significant industry in the nation and the globe, and Merida sees the prospective to elevate the corporation as it crosses the fragmentation gap geographically in and outdoors of the Golden State.
Mina Mishrikey, companion at Merida
With a potent legacy, brand identity and farm-direct, sun-grown, Clean Green Certified goods, Henry’s is a excellent match for our portfolio. We appear forward to adding worth to the corporation as it expands its operations and functioning closely with Jamie, Josh, and their group.
Henry’s higher-high quality genetics are tested to assure its goods, which include things like flower, pre-rolls, singles and a flower vape pen, meet and surpass California State requirements, which are some of the strictest agricultural requirements in the globe. At present, Henry’s goods are obtainable in additional than 250 dispensaries across California, such as at The Apothecarium, Harborside, Harvest SF, MedMen, Blum and several other individuals.
For additional facts, check out https://henrysoriginal.com and https://www.meridacap.com/.
About Henry’s Original
Henry’s Original (Henry’s) is a private California-primarily based vertically-integrated cannabis corporation and brand, whose well-known flower and pre-roll goods are cultivated completely in Mendocino County. Henry’ higher-high quality genetics are tested to assure its goods, which include things like flower, pre-rolls, singles, and flower vape cartridges in 15 diverse seasonal varieties of THC- and CBD-heavy variants, which meet and surpass California State requirements. These requirements are some of the strictest agricultural requirements in the globe. At present, Henry’s goods are obtainable in additional than 250 dispensaries across California, such as at The Apothecarium, Harborside, Harvest SF, MedMen, Erba and other individuals. For additional facts, check out https://henrysoriginal.com or comply with us on Instagram @henrysoriginal, @roccosroadtrip and @henrysoghouse.
About Merida Capital Partners
Merida Capital Partners is a private equity firm targeting basic development drivers which accelerate the fast improvement of the cannabis and hemp industries. Merida’s motto, Accountable Investing across the Cannabis Ecosystem, highlights its concentrate on cultivation technologies, goods and solutions connected with the evolution of cannabis and hemp as agricultural goods, plant-primarily based medicines, constituents in pharmaceutical formulations and recreational customer goods. For additional facts, check out www.meridacap.com or comply with us on Twitter @meridacap.
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