Kush Bottles teams with Merida, snags $6 million investment MJBizDaily


Kush Bottles, a California-based cannabis packaging company, has entered a partnership with a Maryland-based marijuana infrastructure fund that includes a $6 million investment.

According to a news release, Merida Capital Partners’ equity investment in Kush Bottles (OTC: KSHB) is intended to assist the Santa Ana company as it expands its product line, creates more distribution channels and enters new legal marijuana markets.

Here’s what you need to know:

According to the release, Kush Bottles services more than 5,000 medical and recreational marijuana retailers and cultivators in North America,
South America and Europe.
Merida plans to help Kush Bottles expand into East Coast states with legal medical and recreational cannabis.
In January, Merida led a $1 million raise for Simplifya, a Denver-based cannabis compliance software company.
Last March, Merida invested $1.65 million in GrowGeneration Corp., a Denver-based business that specializes in gardening supplies for commercial and home grows.