Company Overview

Company name: Franklin Labs
Description: Operator of a 46,800 sq.ft. cultivation and manufacturing facility in Reading, Pennsylvania. The company provides medicinal cannabis to treat health issues.
Year founded:
Parent company: Harvest Enterprises
Industry: Healthcare | Group: | Code:
City: Reading
State: Pennsylvania
Country: United States

Financial Highlights

Start up capital raised (USD Million):
Business status: Generating Revenue
Ownership: Acquired/Merged (Operating Subsidiary)
Revenue (USD Million):
Gross profit (USD Million):
Net income (USD Million)
Enterprise value:
Earnings before interest, tax, depreciation and amortization (EBITDA):
Fiscal period:
Financing Status: The company was acquired by Harvest Enterprises for $25.5 million on March 27, 2020. The purchase price is payable with $15 million in cash and $11 million promissory note. The acquisition is expected to allow Harvest to more efficiently scale operations in Pennsylvania and provide dispensaries and patients in that state with access to Harvest’s intellectual property, high-quality products and trusted retail experiences.
Number of active investors:
Profile last updated: 16-Apr-2020
Last known valuation:
Last known valuation date: 27-Mar-2020