Joshua Joseph, one of the former co-founders of Grassroots Cannabis—which sold to Curaleaf for $850 million in July 2020—has officially returned to the cannabis industry. Joseph, along with a partner, recently entered the Maine cannabis market with an investment made to Silver Therapeutics of Maine, which includes three dispensaries and one grow and processing facility. They anticipate the openings of the three dispensaries in 2021 and are on the search for a state-allowed fourth dispensary location.
Joseph will bring his expertise to Silver Therapeutics while sitting on the company's board, assisting in roll-up strategies, sourcing tuck-in acquisitions and capital raising across the country.
While spending the last year remaining focused on Frontline Real Estate Partners, which he is the majority shareholder in, and while also solidifying his Nashville, Tenn.-based family office, Big Plan Holdings, Joseph has spent considerable time investing in and advising multiple cannabis and cannabidiol (CBD) companies nationwide, including a women-owned luxury beauty and lifestyle subscription box, 3rd Eye Hi.
"After taking some time to grow our family company, it is incredibly exciting to be returning to the cannabis industry,” said Joseph, founder of Big Plan Holdings. “We are thrilled to become part of the growing cannabis communities in Maine and are looking forward to additional strategic market entry points. Our goal is to find our next new location as soon as possible."
To further capitalize on the rapidly growing cannabis industry, a wholly owned subsidiary of Big Plan Holdings acquired a single-tenant property located in Macomb, Ill., that features a long-term lease with Windy City Cannabis. Joseph also invested $6.5 million in multistate cannabis operator Ascend Wellness Holdings.
Windy City Cannabis is a leading cannabis operator throughout the state of Illinois. The Macomb property is strategically situated in the downtown district of Macomb and within 2 miles from the campus of Western Illinois University.
Joseph looks forward to continuing to expand his work within the cannabis and CBD industries across the nation.
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