Arkansas cannabis dispensary raises $48M for LA ventures – KFSM 5Newsonline

ARKANSAS, USA — Some well-known names in the Arkansas medical marijuana industry backed a $48 million capital-raising effort aimed toward Louisiana, according to a May 23 filing with the U.S. Securities & Exchange Commission.

The company making the exempt offering of securities, NOLA PharmaHoldings LLC, registered with the Louisiana secretary of state’s office in March, listing a domicile address of 10518 Kentshire Court in Baton Rouge. It lists Alex Gray, the Little Rock attorney, as manager.

Gray is also chief strategy officer and president of sales for the multistate medicinal cannabis operator Good Day Farm of Little Rock.

To read more about this story, our content partner, Arkansas Business, has the full story here. 

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