Holland & Knight Advises Mile High Labs on Equity Financing
DENVER (August 12, 2020) – Holland & Knight advised Mile High Labs, a leading processer of hemp-derived cannabinoids, in a recent Series B equity financing from renowned American entrepreneur John Paul DeJoria. Mr. DeJoria is the founder of Paul Mitchell hair products and The Patrón Spirits Company. The transaction was announced on August 4.
Mile High Labs, which is headquartered in Broomfield, Colorado, will use the financing to pay off existing debt and accelerate the development of its best-in-class manufacturing and formulations platform as global brands and big-box retailers begin to enter the CBD market.
Holland & Knight's representation of Mile High Labs was led by Partners Mark Goldschmidt, Gloria Skigen, Keith Sambur and Mark Melton. They were assisted by Associates Lacey Croy, Ross Tuminello and Laura Lopez Nickerson.
More information about the transaction can be found here.