Dope Media Inc., a Delaware corporation, announced it has secured a $600,000 note from Denver-based General Cannabis Corp. (OTC:CANN), a leading provider of comprehensive ancillary services and investment to the cannabis industry.
George Jage, CEO of Dope Media, stated “We are excited about this investment by General Cannabis because it occurs at a key inflection point in the cannabis industry where the well-capitalized and well-managed companies will be making quantum gains in market share in the years to come. We are also pleased that General Cannabis is coming on as a true strategic partner in this investment, allowing for terms that are favorable to the market and designed with appropriate milestone incentives which will only serve to enhance that investment and make Dope even stronger.”
“We see many investment opportunities during the normal course of our business, and for each we apply a rigorous due diligence,” said Michael Feinsod, chairman of the board of General Cannabis. “With Dope we saw great potential for growth, coupled with strong brand equity in the media and events space. We are pleased to provide Dope with this working capital loan that reflects our confidence in the Dope team and business model.”
Congratulations to DOPE!
