Officials with the Chippewas of the Thames First Nation (COTTFN) are announcing a $2 million investment in a Canadian licensed cannabis cultivation and production company.
The purchase of 21% of Sensi Brands Inc. will be a “long-term partnership for positive impact in the COTTFN community,” according to information published on the community’s Facebook page.
The investment is being made by the community’s Development Corp. (CTDC) with money raised from a loan for the full amount from the Royal Bank Canada, and guaranteed by the Band Council. The Nation will have a seat on the company’s board of directors, giving the CTDC “on-going insight into the business operations and the opportunity to influence company strategy, operations, and continued opportunities for the Chippewas of the Thames First Nation community,” the announcement reads.
An ad inviting members to apply for two positions as cultivation, sanitation, and processing technicians with Sensi is included with the announcement as well. The workers will be hired through the Development Corporation and will learn to “perform all tasks in the cannabis cultivation process”, according to the job posting.
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