InvestorsHub Logo
Followers 108
Posts 4135
Boards Moderated 0
Alias Born 04/21/2011

Re: mick post# 100570

Sunday, 03/16/2014 7:46:10 PM

Sunday, March 16, 2014 7:46:10 PM

Post# of 194801
Regarding funding of the build out:

12/30/13:
"Chaaban claims capital was raised from a pool of, ahem, ‘seed’ investors that includes companies that deal in alcohol and tobacco, entertainment industry players and professional sports figures. He would not provide specific names."

http://www.forbes.com/sites/karstenstrauss/2013/12/30/big-marijuana-is-it-the-future/

3/4/14:
"He would not disclose how he raised the estimated $12 million it is costing to build the growing operation, saying only that he got the money from public and private sources."

http://www.dailytribune.com/general-news/20140304/madison-heights-businessman-sees-billions-in-medical-pot

I'm curious about who the "entertainment industry players" were. Maybe he tapped into Kid Rock who lives and is from Detroit. He's a hardcore Detroit supporter and obviously pro-cannabis. Just thinking out loud...

FITX


All of my posts are in my opinion only, formulated from the publicly available data and information, and are not meant to be investment advice in any shape or form...