Sureterra Wellness Closes $65M Fundraising Round | CashCropToday
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Sureterra Wellness Closes $65M Fundraising Round

August 7, 2018
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Surterra Wellness is a vertically integrated medical cannabis company located in the United States that owns a variety of licenses in Florida and Texas. The company operates over a dozen different medicinal dispensaries and cannabis next-day distribution services.

Surterra Wellness also operates a 300,000 sq. ft. cultivation facility in Florida that is used to create a number of products such as vaporizer pens, tinctures, oral sprays, topical creams, time released transdermal patches, and softgels that is distributed through their dispensaries.

Surterra Wellness has recently announced the close of a $65 million dollar series C equity fundraising round. This financing round was lead by William “Beau” Wrigley, Jr., who you may recognize more easily by paying attention to his last name. He has been Chairman, President, and CEO of Wm. Wrigley Jr. Company during his career and has successfully facilitated the acquisition of companies such as Altoids and LifeSavers. He currently runs an investment company that focuses on investing into a wide array of different rapidly growing industries.

After leading the financing round, Mr. Wrigley was appointed Surterra’s Chairman of the Board of Directors. It is expected that his experience running high profile corporations will  be invaluable to Surterra and will also help the company expand its operations into new states.

Jake Bergmann, Surterra CEO said, “Surterra is proud to welcome Beau, a business leader who brings decades of world class experience and expertise in brand building, to Surterra Wellness. Having a seasoned industry veteran like Beau intimately involved in building Surterra’s business is exciting for the future of Surterra, our patients and the entire medical cannabis industry.”

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