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Deep Roots Harvest secured a $30 million senior secured credit facility from Chicago Atlantic to support its expansion across Nevada.

Nov 04, 2024•8 months ago

Amount Raised

$30 Million

MesquiteCannabisAgriculture and Farming

Investors

Chicago Atlantic

Description

Chicago Atlantic announced the funding of a $30 million senior secured credit facility for Deep Roots Harvest. The capital will facilitate the company's growth as it expands its retail and cultivation assets in Nevada.

Company Information

Company

Deep Roots Harvest

Location

Mesquite, Nevada, United States

About

Deep Roots Harvest is a Nevada-based cannabis company that has been a prominent player in the cannabis market since its founding in 2014. The company currently operates multiple dispensaries across the state and is focused on expanding its presence in the industry.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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