After receiving a $20 million mortgage from hashish credit score firm Chicago Atlantic, multistate operator Nova Farms plans to develop its presence in vital legalized markets, together with New Jersey, Massachusetts and Connecticut.
In an April 8 assertion asserting the brand new secured financing facility, Nova Farms Chief Govt Officer Derek Ross stated it “marks a brand new chapter” for the 8-year-old firm in Massachusetts. “It’s an honor to have a monetary companion who believes in our built-in method working straight with our group to chart a path to realize our objectives,” he stated. “This partnership not solely accelerates Nova Farms' strategic plans, but additionally ensures its aggressive benefit as a pacesetter within the hashish market.”
Thought-about the biggest vertically built-in personal hashish operator within the Northeast, Nova Farms operates 5 full-service dispensaries and 7 retail manufacturers.