Tech Company Financing Transactions
The 1937 Group Funding Round
The 1937 Group secured a $17 million venture capital round on 8/31/2022. Investors included SGG Enterprises.
Transaction Overview
Company Name
Announced On
8/31/2022
Transaction Type
Venture Equity
Amount
$17,000,000
Round
Undisclosed
Investors
SGG Enterprises (Lead Investor)
Proceeds Purpose
The company intends to use the funds to build-out current assets, and buy and build-out additional Illinois-based cannabis establishments.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
7105 S. Yates Blvd
Chicago, IL 60649
USA
Chicago, IL 60649
USA
Phone
Website
Email Address
Overview
We represent one of a handful of Illinois licensed operators with cannabis cultivation, processing, infusion, transportation and retail dispensary capabilities. We are one of the only fully integrated companies that is not currently under the control of a current Illinois operator or multi-state operator (MSO). This distinction provides the competitive advantage of being able to create an entity, brands, and products that uniquely represent the consumer-base of Illinois and the broader Midwest region.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ambrose Jackson
Chief Operating Officer
Jonathan Valdes
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