Stability Cannabis has successfully closed a $44 million series A funding round; acquires minority equity position in Missouri cannabis operation.
"The accelerating growth and profitable operating profile of Stability Cannabis continues to be remarkable, and this latest round secures growth capital as well as multiple high value production assets" - CEO Denver Kitch.
Established in 2018 as the largest indoor cannabis cultivator in Oklahoma, Stability Cannabis now expands to a multi-state footprint as one of the largest cultivators and distributors in the American Midwest.
"Stability's production capacity now includes 60 acres of greenhouse and outdoor cultivation capacity, 95,000 square feet of high-tech indoor cultivation, as well as an edibles kitchen and a specialized processing lab producing products under our Perfect Ratio brand. Our retail profile expands to multiple high-volume dispensaries" - COO David Lewis.
Stability Cannabis also acquires a minority equity position a Missouri based cultivation, processing and retail operation. The transaction remains subject to regulatory approval.