Jay-Z's company set to produce 900K pounds of pot

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Earlier this year, Jay-Z also announced the launch of a $10 million fund to invest in POC-owned cannabis businesses. — via TheGrowthOp

The Parent Company also announced a decade-long deal with Glass House in which the latter will provide nearly half a million pounds of cannabis biomass, and a six-year retail partnership “that will secure shelf space in all stores for its house of brands” including Monogram, according to a press release.

Not to be satisfied with the confusing web of weed deals above, The Parent Company also snapped up four acres of “licensed high-quality outdoor cultivation from a consortium of experienced cannabis farms affiliated with Mosaic.Ag” for a cool $17 million in cash and shares.Article content The Parent Company CEO Steve Allan lauded the deals, which he says will “maximize consumer awareness and availability in California.”

“These partnerships are a fantastic opportunity to secure long-term access to over 900,000 pounds of high-quality, low-cost, California-grown cannabis for use across our expanding portfolio of branded products,” Allan said in a“Our focus over the last 100 days has been to continue to scale up our supply chain.

 

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