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The loan approved Tuesday by Iron Range Resources and Rehabilitation will aid a Missouri-based company’s effort to build a $68 million cannabis cultivation and manufacturing facility on the site of a long-abandoned lumber mill.
(St. Paul, MN) -- A cannabis facility in northern Minnesota is getting a big loan from a state economic development agency. Iron Range Resources and Rehabilitation announced yesterday that it will give $10 million to a Missouri-based company called HWY35. The money will go toward converting a former lumber mill in Grand Rapids into a state of the art cannabis growing operation
A Missouri-based company has attracted significant state support to build a major cannabis growing and manufacturing facility in Grand Rapids, promising hundreds of high-paying jobs.
StockNews.com cut shares of Range Resources (NYSE:RRC – Free Report) from a hold rating to a sell rating in a research report sent to investors on Friday morning. A number of other equities analysts have also recently issued reports on the company. Stephens restated an overweight rating and set a $34.00 price objective on shares […]