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

CALIFORNIA: Viola, a national leader in the production and sale of premium quality cannabis products founded by NBA veteran Al Harrington, today announced the closing of a $16 million funding round led by Gotham Green Partners. The investment firm, known for its financial support of some of the most reputable cannabis companies in the industry, is the first institutional investment in the company. 

Al Harrington Viola

This latest round of funding will assist with the acquisition of a 34,500 sq. ft cultivation, processing and distribution facility in Adelanto, California as well as the completion of Viola’s 48,000 sq. ft facility in Detroit, Michigan. The funds will also enable Viola to continue to advance the growth of the company’s personnel with key new hires that will continue to establish Viola as a leader in the cannabis marketplace.

Viola emerged on the scene with a commitment to making an impact by promoting social equity through increasing minority participation in the cannabis industry and positively impacting communities by reinvesting in individuals most affected by the war on drugs. Viola raised $15 million prior to this round of funding, which enabled the company to grow its product offerings and footprint within the cannabis industry. The company is currently operating in CaliforniaColoradoOregon and Michigan, with plans to expand into MarylandNevada and Arizona in 2020.

“Over the last five years, Viola has been dedicated to creating and producing quality herbal experiences for our customers,” said Al Harrington, CEO of Viola. “With the financial support and investment of Gotham Green Partners, our ability to dedicate more physical space to growing and cultivating our flowers and team will make the possibilities endless.”

“We are thrilled to be aligned with Viola as the company expands its lifestyle brand into new markets,” said Jason Adler, Managing Member of Gotham Green Partners. “As the firm’s visionary, Al has successfully launched the concept and subsequently surrounded himself with a top-notch management team. Further, Al’s background and the company’s mission resonate with a broad and engaged consumer base, and we are excited to see Viola products on more retail shelves across the country.”

Ravens’ Eugene Monroe Donates $10,000 To Marijuana Research

MARYLAND: Baltimore Ravens offensive tackle Eugene Monroe urged NFL players to donate to marijuana research on Tuesday morning, a day after an NFL official acknowledged a link between football-related head trauma and chronic traumatic encephalopathy.

Monroe tackled the issue on Twitter:

Realm of Caring Foundation is an organization committed to researching the health benefits of marijuana and educating the public about this form of therapy. Monroe told CNN last week that the NFL needs to change its stance on marijuana and take a look at the drug’s possible benefits as it relates to pain relief and possibly concussions.

 

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NFL GM Says ’30 To 40 Percent Of Players In This Draft Class Use Marijuana Regularly’

One of the many subplots for the NFL draft, which starts with Thursday’s first round, is where a pair of highly regarded defensive prospects, Shane Ray and Randy Gregory, will go. Both players are prized for their abilities to get to opposing quarterbacks, but both have also admitted to marijuana use, in Ray’s case just days before the draft.

Now NFL teams must weigh their evaluations of the players’ abilities against their concerns about character issues and possible future suspensions. For some teams, decisions on Ray and/or Gregory, who failed a drug test at the NFL draft combine in February, will come down to how they feel about usage of the drug in question, marijuana.

One unidentified general manager gave some insight into his team’s thinking, as reported Wednesday by Bleacher Report’s Mike Freeman: