Viola Closes $16 Million Investment Round Led By Gotham Green Partners


LOS ANGELES,&nbspOct. 7, 2019&nbsp/PRNewswire/ &#8212&nbspViola, a national leader in the production and sale of premium good quality cannabis solutions founded by NBA veteran&nbspAl Harrington, these days announced the closing of a&nbsp$16 million&nbspfunding round led by Gotham Green Partners. The investment firm, recognized for its economic assistance of some of the most trustworthy cannabis providers in the business, is the very first institutional investment in the business.

This newest round of funding will help with the acquisition of a 34,500 sq. ft cultivation, processing and distribution facility in&nbspAdelanto, California&nbspas effectively as the completion of Viola&#8217s 48,000 sq. ft facility in&nbspDetroit, Michigan. The funds will also allow Viola to continue to advance the development of the business&#8217s personnel with important new hires that will continue to establish Viola as a leader in the cannabis marketplace.

Viola emerged on the scene with a commitment to producing an effect by advertising social equity by means of rising minority participation in the cannabis business and positively impacting communities by reinvesting in people most impacted by the war on drugs. Viola raised&nbsp$15 million&nbspprior to this round of funding, which enabled the business to develop its item offerings and footprint inside the cannabis business. The business is at the moment operating in&nbspCalifornia,&nbspColorado,&nbspOregon&nbspand&nbspMichigan, with plans to expand into&nbspMaryland,&nbspNevada&nbspand&nbspArizona&nbspin 2020.

&#8220More than the final 5 years, Viola has been devoted to building and making good quality herbal experiences for our consumers,&#8221 stated&nbspAl Harrington, CEO of Viola. &#8220With the economic assistance and investment of Gotham Green Partners, our potential to dedicate much more physical space to increasing and cultivating our flowers and group will make the possibilities endless.&#8221

&#8220We are thrilled to be aligned with Viola as the business expands its life style brand into new markets,&#8221 stated&nbspJason Adler, Managing Member of Gotham Green Partners. &#8220As the firm&#8217s visionary, Al has effectively launched the notion and subsequently surrounded himself with a best-notch management group. Additional, Al&#8217s background and the business&#8217s mission resonate with a broad and engaged customer base, and we are excited to see Viola solutions on much more retail shelves across the nation.&#8221

About Viola:&nbsp
Founded in 2011 by NBA veteran&nbspAl Harrington, Viola is 1 of the nation&#8217s top producers and licensed wholesalers of premium good quality cannabis solutions. The brand is named soon after and inspired by Al&#8217s grandmother, who suffers from glaucoma and diabetes and finds solace in cannabis treatments.

Viola produces a variety of cannabis solutions catered to people&#8217 palate and demands. From cultivating premium flower to processing butane extracts, Viola manages every single aspect of the production procedure, applying the newest and most verified technologies to guarantee the consistency and good quality of its solutions. Viola is at the moment offered in&nbspColorado,&nbspOregon,&nbspMichigan&nbspand California.

For much more data on Viola, please go to:&nbsp

About Gotham Green Partners:
Gotham Green Partners is a&nbspNew York&nbspand&nbspCalifornia-primarily based private equity firm focused on deploying capital into cannabis and cannabis-connected enterprises on a international scale. The firm manages a diversified portfolio of investments and is actively investing across the cannabis worth chain.

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