CRAIN’S NEW YORK BUSINESS: MED-MARIJUANA FIRM LAUNCHES $30M FUNDRAISING ROUND

Vireo Health, which operates one of New York’s five medical-marijuana firms, is seeking to raise $30 million in its Series B funding round. In previous rounds, the company has raised $16.6 million, primarily from investors in the health care sector. Dr. Kyle Kingsley, the company’s chief executive, said the fact that he has secured medical-marijuana licenses in two of the states with the most restrictive laws—New York and Minnesota—works to his advantage with investors.

Read the full story from Crain’s New York Business here.

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