In a Flooded Bulk Cannabis Market, Cplant Turns to Consumers
- Uruguayan firm looking to raise $10 million in funding round
- Cplant aims to ship 50 tons of flowers, biomass by August 2021
Photographer: Chris Roussakis/Bloomberg
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With wholesale cannabis markets well supplied, Uruguayan producer Cplant is preparing its retail foray.
Cplant is looking to raise at least $10 million from institutional investors this year to fund an expansion into consumer and medical products, hiring an investment bank for a fourth-quarter funding round.