Curio Wellness to Fund Women, Minorities and Disabled Veterans in the Cannabis Industry
Medical cannabis and wellness company Curio Wellness has established an investment fund that will connect diverse investors with up to 50 aspiring women, minority and disabled veteran entrepreneurs, providing $30 million in capital funding—and helping the company to further its goal of serving patients with safe, effective and reliable cannabis-based medicine in multiple states.
“In looking at the systemic barriers that women, minorities and disabled veterans face in accessing capital, we decided to develop a solution that directly addresses this massive economic disparity,” said Michael Bronfein, CEO. “The Fund provides qualifying entrepreneurs with the investment capital they need to become a Curio Wellness Center franchisee, while ensuring their success through our best-in-class business operations.”
Through the support of committed and diverse investors, the Fund will eliminate the most significant barrier preventing diverse participation in this burgeoning, rapidly growing industry: a lack of capital. The $30 million Private Equity Fund will expand diversity and enable economic empowerment by providing up to ninety-three percent of the start-up capital needed to launch a branded dispensary. Eligible entrepreneurs, through partnership with the Fund, will be enabled to launch a franchise as the majority owner from day one and enjoy a clear pathway to full ownership as a franchisee.