FarmaceuticalRx

FarmaceuticalRx is a leading producer of premium organic craft medical marijuana products, and the sole multi-state, vertically integrated producer of such products in the US market as of 2022. The company operates in Ohio and Pennsylvania, states with a combined population of over 26 million people. FarmaceuticalRx focuses on bringing research and development-based innovation to the medical marijuana sector, practicing traditional organic methods along with advanced techniques like aeroponics and LED lighting systems to cultivate high-quality cannabis.

The company offers a range of products under its FARMACEUTICALRX brand, including highly rated flower, live resin, and solventless products. It also has a suite of sub-branded products like Local Edibles chocolates and confections, Open Mind gummies, TreePharm vape products and RSO, and vape products from its west coast lifestyle brand partner, Huxton Co. FarmaceuticalRx's product lineup combines premium quality with accessibility for a broader demographic of patients.

In Ohio, FarmaceuticalRx operates a dispensary in East Liverpool and has a fully operational Level one medical marijuana cultivation and processing campus in the same city. The company was awarded a new provisional dispensary license in Cuyahoga Falls in May 2022 and planned to begin construction that summer, with the new store projected to become operational by Q1 2023 under the FRX Health brand. The company expected its first harvest in Ohio in Q2 2022 to strengthen its position in the state's fast-growing market.

In February 2022, FarmaceuticalRx secured a USD 34 million loan from Chicago Atlantic Real Estate Finance and other lenders to complete funding for its Ohio cultivation and post-harvest facility, repay existing debt, fund equipment purchases, and for general working capital purposes.