...

 
Cannvas.Me
Sign Up For Free
The scion of the world famous Wrigley family who made their fortune in chewing gum is now putting his money into the medical marijuana market. 

William Wrigley Jr. II, who sold his family’s company to Mars Inc. in 2008, led a $65 million investment round for Surterra Wellness. It is his second investment in the company, the first in September 2017, and he is now assuming the role of chairman. 

When asked why he got involved in the industry, Wrigley was quoted as saying:
“When I understood the massive benefits, it really changed my mind about the industry. You don’t see too many opportunities to have that kind of an impact in an industry that is being created from scratch.” 

Surterra has raised a total of $100 million to date, and is based in Georgia. The company operates in Florida, and has begun to expand into the Texas market. According to Wrigley, they plan to eventually venture into the domestic recreational market. 

Source: https://www.bloomberg.com/amp/news/articles/2018-08-06/wrigley-billionaire-moves-from-chewing-gum-to-medical-marijuana

This article is now marked as read.

Was this article helpful?

Review this article to help us continue creating and sharing relevant content.

Please note it may take up to two business days for reviews to be validated and published.

Reviews

Review this article to help us continue creating and sharing relevant content.

Write Review

Would you like to
make this review public?

Please disable your ad blocker to avoid issues using social plugins on Cannvas.Me. Thanks.
Close