May 20, 2021 at 7:20 pm
Published by NCV Newswire
Stability Cannabis completes $ 44 million Series A funding round.
OKLAHOMA CITY, May 20, 2021 / PRNewswire / – Leading cannabis breeder and distributor, Stability Cannabis, has successfully completed a $ 44 million Series A funding round. Acquires minority stake in Missouri cannabis operation.
The accelerated growth and profitable operating profile of Stability Cannabis continue to be remarkable. This final round secures the growth capital as well as several high quality manufacturing facilities. We pride ourselves on continuing to create exceptional value for our shareholders.
Denver Kitch, CEO of Stability Cannabis
Founded in 2018 as the largest indoor cannabis cultivator in Oklahoma, Stability Cannabis has now expanded to several states as one of the largest cultivators and distributors in the American Midwest.
“Stability’s manufacturing capacity now includes 60 acres of greenhouse and outdoor grow capacity, 95,000 square feet of high-tech indoor grow, as well as an edible kitchen and specialized processing laboratory that makes products under our Perfect Ratio brand. Our retail profile is expanding to include several large volume pharmacies, ”said David Lewis, Chief Operating Officer.
Stability Cannabis was recently named one of the top five growers in America by the Cannabis Business Times, while CEO Denver Kitch was named one of Oklahoma’s most admired CEOs by the Journal Record.
Stability Cannabis also acquires a minority stake in a Missouri-based grow, processing, and retail company. The transaction is still subject to regulatory approval.
“We love calling Oklahoma home as we are continually expanding our network of cultivation and distribution locations to care for as many patients as possible. Cultivating a culture that makes working at Stability a joy for our 130+ employees remains a priority. We know these priorities go hand in hand, ”added cultivation leader Austin Clay.
About stability cannabis
Oklahoma City-based Stability Cannabis operates one of the largest cannabis growing, processing and retailing operations in the American Midwest, offering a wide range of award-winning cannabis products to retail pharmacies and processors. Learn more at StabilityCannabis.com.
Original press release
Published by NCV Newswire
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