This article first appeared on thestreet.com (March 13, 2018).
PIPE player Yorkville Advisors is investing in a cannabis company.
One of the historically biggest investors in the private-investment-in-public-equity markets has invested in the second PIPE from Future Farm Technologies Inc., which is using proceeds to fund the acquisition of a dispensary in Massachusetts.
Yorkville Advisors LLC is the investor. Yorkville has invested some $4.3 billion in 384 PIPE transactions.
Future Farm Technologies Inc. builds vertical growth systems that combine stacking with lighting to allow for more efficient plant growth than traditional ground-based agriculture.
The Canadian company has projects throughout North America, including California, Florida and Maryland, according to a Tuesday, March 13, news statement about the PIPE.
"The Company's business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis."
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