Ancillary marijuana business inks $2 million equity deal

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Indoor Harvest Corp. (OTCQB:INQD), a Houston-based manufacturer of commercial aeroponic systems that can be used to grow cannabis, signed an investment deal with Tangiers Global for an equity investment of up to $2 million.

Tangiers Global is located in San Diego and provides funding to small and microcap public companies.

In addition to the investment agreement, Tangiers provided Indoor Harvest with additional bridge funding of $250,000 under an existing $550,000 loan facility that was agreed upon in March.

According to a new release, Indoor Harvest is finalizing plans to develop facilities in Arizona, Colorado and Texas.

In Arizona, the company is planning

Ancillary marijuana business inks $2 million equity deal is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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