CAN: Cannabis growers collective to run crowdfunding to raise capital

When it comes to financing, companies sometimes have to get creative when it comes to ways of finding investors. While there are more options for these entrepreneurs to secure capital than ever before, one Ontario-based member of the cannabis industry is turning to crowdfunding to find what it needs.

Wildfire Collective, a self-described collective of farmers growing outdoor small-batch, organic craft cannabis that’s headquartered in the Ottawa Valley, recently announced a nation-wide direct-ownership equity crowdfunding campaign where it is hoping to secure $2.5 million in funding.

Don’t expect to find Wildfire listed on Kickstarter though, as the growers have turned to the site FrontFundr as a means of raising equity. The site operates similar to other mainstream platforms, but instead of a reward or prizes for amounts of money, investors receive an actual stake in the company.

Read more at dailyhive.com


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