MYM Nutraceuticals to raise $25 mln from Alumina Partners
MYM Nutraceuticals Inc, a Vancouver-based producer and seller of medicinal cannabis supplements and topical products, has struck a deal to receive a draw-down equity facility of $25 million. The investor is Alumina Partners, a U.S. private equity firm active in the cannabis sector. MYM CEO Rob Gietl said the facility's proceeds will support projects under construction in Québec. The company is building a 1.5 million square-foot greenhouse in the Eastern Township community of Weedon, and expanding an existing production facility in Laval to 37,000 square feet.
3 December 2018•3 mins read
