Medical Cannabis Co. Curio Wellness Closes A $26M Mortgage With Severn Bank, Plans Expansions, New Jobs

Medical Cannabis Co. Curio Wellness Closes A $26M Mortgage With Severn Bank, Plans Expansions, New Jobs

Family-founded medical cannabis company Curio confirmed Friday it has closed on a $26 million mortgage with Severn Bank acting as the main finance partner.

The news comes on the heels of the Maryland-based company’s $22 million capital raise with new and existing investors.

New Plans 

In relation to the closing of the mortgage, Curio announced its plan to add 100,000 square foot of cGMP certified indoor cultivation space to its Timonium headquarters’ cultivation facility. The expansion is set to be …

Full story available on Benzinga.com