Curio Wellness Launches Financial investment Fund to Combat Range and Inclusion Worries inside of Cannabis Marketplace – Press Release

TIMONIUM, Md.–(Organization Wire)–Curio Wellness today declared a new funding method that will offer start-up funds for minority enterprise proprietors to open up their very own Curio Wellness franchise location. Made for ladies, minorities and disabled veterans, Curio Wellness’s financial commitment fund (the Fund) will allow the medical cannabis and wellness business to further its intention of serving clients with harmless, productive and dependable cannabis-based drugs in a number of states as a result of its unique Wellness Middle retail business principle. A legally independent but affiliated entity from Curio Wellness, the Fund will join assorted investors with up to 50 aspiring ladies, minority and disabled veteran entrepreneurs, furnishing $30 million in money funding.

“In wanting at the systemic boundaries that females, minorities and disabled veterans face in accessing funds, we resolved to build a resolution that directly addresses this huge financial disparity,” mentioned Michael Bronfein, CEO. “The Fund presents qualifying business owners with the financial commitment money they need to have to develop into a Curio Wellness Middle franchisee, whilst ensuring their accomplishment by our greatest in course company operations.”

Banks and other standard funding resources generally do not provide equity, capital or financial loans for hashish commence-ups. Though this hurts all prospective hashish enterprise entrepreneurs, it disproportionately impacts ladies, minorities and disabled veterans. As a result of the help of committed and various buyers, the Fund will eradicate the most substantial barrier avoiding numerous participation in this burgeoning, swiftly increasing industry: a deficiency of funds in live performance with a tested small business model and brand.

The Fund will commit in up to 50 ladies, minority and disabled veteran entrepreneurs searching for to open a Curio Wellness franchise place in states with thriving clinical hashish applications. The $30 million Private Equity Fund will broaden diversity and allow financial empowerment by supplying up to ninety-a few p.c of the commence-up money essential to start a branded dispensary. Eligible entrepreneurs, through partnership with the Fund, will be enabled to launch a franchise as the majority operator from working day one particular and appreciate a very clear pathway to whole possession as a franchisee.

“The Fund will expand range and enable economic empowerment for entrepreneurs who usually would be locked out of the promptly growing field,” reported Jerel Registre, Director of Business enterprise Advancement at Curio Wellness and Running Director of the Fund. “Our various established of business owners will repay the startup financial loans with their portion of the dispensary earnings, ensuing in 100{1e368efdbc5778293a1dba36f2d6241a4c7f47e278b3535a9e6c60a245c5f01f} possession as a franchisee more than time.”

The software procedure to turn out to be a Curio franchisee is predicted to open up in early 2021 as Curio is permitted to build franchises. The Fund will before long announce its first closing and is expecting to have a closing closing just before 12 months stop.

About Curio Wellness

Started in 2014 in Baltimore, Maryland, Curio Wellness is a cGMP certified, vertically built-in health care cannabis firm and dependable healthcare lover. Acknowledged as the main wellness brand name in cannabis by BDS Analytics, Curio is committed to serving clients with focused, powerful and trusted cannabis-dependent medication. In 2018, Curio’s flower and topical balm ended up named Finest Flower and Topical in Maryland by Leafly. For extra info check out


This press release has been well prepared entirely for info reasons. It is not an offer to market or a solicitation of an supply to obtain securities. The securities explained in this Financial commitment Chance Summary have not been registered underneath any federal or point out securities laws or examined or passed on by the Securities and Trade Commission or any condition regulatory authority. There are a variety of challenges associated with this and comparable investments. Any individual intrigued in this financial commitment chance should consult with with his, her or its possess impartial money, tax, authorized, and other advisors right before committing to an investment decision. No these kinds of tips is remaining furnished herein.

Sloane Whelan


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