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:
Website: www.franklinlabspa.com
Employees:
City: Reading
State: Pennsylvania
Country: United States
Region:

Financial Highlights

Start up capital raised (USD Million):
Business status: Generating Revenue
Ownership: Acquired/Merged (Operating Subsidiary)
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Net income (USD Million)
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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