Cannabis company Matica secures $20 mln facility from Alumina
Matica Enterprises Inc, a Toronto-based cannabis company, has secured a draw-down equity facility of up to $20 million from Alumina Partners, a U.S. private equity firm. The facility's proceeds will be used to advance construction of cannabis greenhouses in Québec. Matica is currently building a growing facility that is intended to be part of 1 million square feet of greenhouse capacity on a Hemmingford, Québec property. Matica earlier this year agreed to acquire a 40 percent stake in Yunify Natural Technologies to collaborate on cannabis product development.
11 September 2018•3 mins read
