Industry Source Consulting (INSO) has announced that the company assisted its client, The Turnagain Herb Company (THCo) with the successful acquisition of Rainforest Farms, a cannabis cultivation facility located in Juneau, Alaska. "In addition to assisting with the acquisition, INSO will also provide various other services associated with expanding the THCo brand and business throughout the state," the team with the company explains. "INSO recently announced that it had entered into an exclusive agreement to provide various services related to expanding the business and the brand of THCo, currently located in Anchorage, Alaska. THCo’s expansion includes the Rainforest Farms acquisition, relocating its Anchorage cannabis manufacturing facility and building a retail facility in nearby Girdwood to market various cannabis related products to locals and tourists visiting the popular Alyeska Ski Resort."
According to the company, INSO assisted THCo with the Rainforest Farms acquisition by providing a Line of Credit consisting of a combination of its restricted common shares and cash. "THCo and Rainforest Farms are awaiting approval from the State of Alaska Marijuana Control Board to transfer the Rainforest Farms license to THCo before THCo takes control of the business. In addition to the Line of Credit, INSO will provide management training services, marketing, and assist with employee training materials. INSO will receive revenue from the Line of Credit and from the other services provided," they further explain.