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Cannect Wellness Secures $7.5M to Bring Premium Craft Cannabis to Illinois Market

Mar 21, 2023

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Chicago, IL--Cannect Wellness, a premium craft cannabis cultivator and product manufacturer, has successfully raised $7.5 million in equity funding to launch in Illinois. The investment will partially fund the completion of the first phase of their 62,000-square-foot, cutting-edge cultivation and product manufacturing facility located just outside Chicago.

As one of the first Craft Grower license recipients awarded by the State of Illinois, Cannect Wellness is on course to be among the initial Craft Grower licensees to begin operations in the state. Construction is in progress, with the company set to commence operations in the coming months.

Gabe Singal, CEO and Co-Founder of Cannect Wellness, expressed excitement about introducing their unique craft cannabis offerings to the Illinois market. "Our company was founded, born, and raised in Illinois. This is a dynamic and thriving market, and we are 100% committed to creating a Craft Grower success story here."

Cannect Wellness will supply customers with an extensive range of premium craft cannabis products. Their focus on small-batch, craft cultivation and product manufacturing distinguishes them from larger, more industrial competitors in the market.

Singal also highlighted their commitment to producing high-quality, environmentally-friendly products through sustainable, organic cultivation practices. Cannect Wellness aims to positively impact communities across the country, with Illinois as their starting point.

Jerry Costello II, Director of the Illinois Department of Agriculture, praised the Craft Grower licensee cohort for being 100% social equity applicants, showcasing Illinois' dedication to equity in the cannabis market.

Cannabis enthusiasts in Illinois eagerly await the launch of Cannect Wellness, as their artisanal cannabis products, including flower, pre-rolls, live resin cartridges, solventless extracts, and edibles, cater to those seeking top-shelf quality.

For more information about Cannect Wellness and their premium craft cannabis products, visit www.cannectwellness.com.