Blue Diamond Ventures Inc (BLDV)

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GrowGen (NASDAQ: $GRWG) & H360 ($BLDV Wholly Owned Subsidiary) Support NJ's New Cannabis Growers With Financing, Training & Biz Advice

https://markets.businessinsider.com/news/stocks/first-of-its-kind-growgen-h360-support-nj-s-new-cannabis-growers-with-financing-training-biz-advice-1031109812

This article from January of this year suggests that H360 (Harvest 360) would be the recipient of GRWG's financial commitment of up to $500,000 for 25 H360 scholarships in New Jersey:

"We expect over 500 teams to enter this competition, and GrowGeneration will be fully supporting 25 teams. That's over 100 people provided with a full scholarship with H360....The NEXTGEN Micro Cultivation competition will begin with a GrowGen commitment of up to $500,000 to provide full scholarships for 25 cultivation teams that will establish micro grow licenses in the New Jersey adult-use cannabis market."

From BLDV's Dec. 2021 press release, it's stated that NJ is the first part of a nationwide project:

Social Equity Projects: H360 and GrowGeneration announced in October in Vegas a new program for Micro-Cultivators in New Jersey as the first part of their partnership for nationwide support of Social Equity and small to midsize cultivation efforts. In addition H360 continues to provide support for multiple social equity applicants with Cultivation, Manufacturing, and Retail licensing efforts."

Another article about their partnership from Oct. 2021:
https://ir.growgeneration.com/news-events/press-releases/detail/155/growgeneration-to-develop-accelerator-program-for-social

Some more clarity on the financial arrangements would be helpful, but it's understandable they may not wish to share all the financial details publicly. It still looks like a great program that can benefit H360/BLDV financially as well as with the prestige of working with the USA's largest supplier of hydroponics and other essentials for the cannabis industry, and a major NASDAQ-traded company with a market cap over $550M.

Here's a link to GRWG's social equity "NEXTGEN" webpage, which features H360 prominently:
https://www.growgeneration.com/nextgen-competition-new-jersey