Stability Cannabis has successfully closed a $44 million series A funding round and acquires minority equity position in a Missouri cannabis operation.
Established in 2018 as one of the largest indoor cannabis cultivators in Oklahoma, Stability Cannabis now expands to a multi-state footprint as one of the largest cultivators and distributors in the American Midwest.
"Stability's production capacity now includes 60 acres of greenhouse and outdoor cultivation capacity, 95,000 square feet of high-tech indoor cultivation, as well as an edibles kitchen and a specialized processing lab producing products under our Perfect Ratio brand. Our retail profile expands to multiple high-volume dispensaries" said chief operating officer David Lewis.
Stability Cannabis also acquires a minority equity position a Missouri based cultivation, processing and retail operation. The transaction remains subject to regulatory approval.
"We love calling Oklahoma home as we sustainably expand our network of cultivation and distribution sites to serve as many patients as possible. It remains a priority to nurture a culture that makes working at Stability a joy for our more than 130 employees. We know those priorities work hand in hand" added chief cultivation officer Austin Clay.
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