Toronto-based Sol Global Investments entered the Michigan medical marijuana market through a $20 million investment in a company that provides financing and support services to Medical Marijuana operators in the state.
Sol, a diversified investment and private equity firm that also targets high-growth marijuana markets, said it acquired 1.4 million units of Common C Holdings, a Michigan-based limited partnership.
Common C, which was formed in 2018, provides financing, real estate support, intellectual property licensing work and professional services such as accounting to licensed marijuana operators in Michigan.
“We reviewed a number of Michigan opportunities over the last 24 months knowing it was a state we wanted to be in,” Sol Global CEO Andy DeFrancesco said in a news release.v“Common C Holdings is the perfect fit for our portfolio.”
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