SAN DIEGO, Aug. 14, 2018 /PRNewswire/ -- Lighthouse Strategies LLC ("Lighthouse"), a finance, research & technology, & portfolio management company, today announces a strategic investment from Cresco Labs, an innovator developing professional-grade cannabis products across the country. Through this investment, Cresco Labs suite of branded products will be produced and sold in Nevada; while Cannabiniers' brands, an intellectual property "IP" licensee of Lighthouse, will have their portfolio of products produced and distributed through Cresco Labs current and future markets across the United States.
"We are excited about Cresco Labs investment in our organization and the strategic opportunity it represents for our IP partners on a national scale," said Lighthouse's CEO Michael Hayford. "The agreement will have Cannabiniers' brands manufactured and distributed across all Cresco markets, in parallel to Cresco brands being available within Nevada."
Silver State Wellness, LLC dba Cannabiniers holds one cultivation, and one processing license operated under the dba Cannabiniers, and one dispensary license operated operated by Paradise Wellness Center dba Las Vegas Releaf. Cannabiniers currently operates an 18,000 square foot marijuana infused products production facility supporting the production of beverages, concentrates, topicals and edibles, with a licensed 67,000 square foot cultivation facility currently in development. Cresco Labs will be collaborating with Cannabiniers construction and cultivation teams on the development and implementation of cultivation operations.
As part of this collaboration, Cannabiniers will gain access to Cresco's multi-state footprint, through which Cannabiniers will rapidly introduce their market disrupting portfolio of beverages and patented topicals on a national scale. Cannabiniers portfolio currently consists of Two Roots Brewing Co., Just Society, Bask Essentials and Brewbudz. For more information about Lighthouse Strategies or Cannabiniers, please visit www.lhsllc.com and www.cannabiniers.com.
About Lighthouse Strategies, LLC.
Lighthouse Strategies, located in San Diego, California, is a finance, research & technology, real estate, & portfolio management company, with in excess of 150,000 square feet of real estate under management, supporting national & international intellectual property management, and maintaining eleven (11) subsidiaries, ranging from foodservices, beverage services, breweries and distilleries (future). For more information, visit www.lhsllc.com
Cannabiniers, located in San Diego, CA, is a foodservice, technology & brand management company focusing on products that are healthy for the consumer and that positively impact the environment. Cannabiniers is revolutionizing the cannabis industry with patented, proprietary, safe and natural flower-based extraction technology and products that will continue the mission of normalizing cannabis use. For more information on Cannabiniers, please visit www.cannabiniers.com.
SOURCE Lighthouse Strategies, LLC