IMAP advises the shareholders of Sushi Circle on the sale to Japanese Zensho Holding
The acquisition marks Zensho's entry into the German market, continuing its strong growth strategy of recent years
Capstone Headwaters advised Eden Enterprises, Inc. (“Eden” or “the Company”) on securing debt financing in support of the Company’s growth initiatives. The Company obtained a bridge facility of $2.25 mm from Canna Business Resources, LLC (“CBR”) and a $10.0 mm credit facility from PMW LLC dba Suite 420 Solutions (“Suite 420”).
Founded in 2003, Eden is a vertically integrated cannabis and hemp company located in Oakland, California. They have retail/distribution, manufacturing, processing and cultivation capacity in and around northern California. Eden hosts a number of operations comprised of Garden of Eden (dispensary brand), Eden Extracts (vape pen/product brand), Honeycomb Farms (cultivation brand) and Terpene Belt Farms (hemp derived terpenes). The Company’s network of experience brought to the table by cannabis business veterans, both founding members and external partners, provides the basis for industry leading vertically integrated operations and innovation across the entire cannabis ecosystem.
Shareef El-Sissi, CEO of Eden, commented
“Capstone Headwaters provided Eden the support needed to navigate the capital formation process during a global pandemic. The new capital enabled the immediate completion of the Terpene Belt Processing plant where we have scaled our Fresh Never Frozen cannabis derived terpene business line. We will continue growth in 2021 by expanding our cannabis retail footprint into the untapped territories of Southern Alameda County. We are fortunate to have tapped into non-dilutive capital pools and ended a challenging year with a bright outlook on the future.”
Chris Bluse, Director at Capstone, said
“Shareef and the Eden Team have built a scalable and exciting platform which has stood the test of time through various market and regulatory dislocations and has emerged a winner during the COVID pandemic largely due to their excellent leadership team, industry leading operational capabilities and innovative culture which sets them apart from other vertically integrated operators in the Cannabis space.”
The acquisition marks Zensho's entry into the German market, continuing its strong growth strategy of recent years
Esnaola is a well-known company dedicated to the recovery, processing, and sale of all kinds of scrap and usable materials. Since the 1970s, it has specialized in the preparation of oxyfuel scrap for molding casting with bucket, gas, and induction furnaces. Esnaola has great growth potential, is strategically located and boasts differential facilities.
HSI is an established, entrepreneurial, growth company that designs, integrates, manufactures, markets, and distributes specialized medical and laboratory equipment to clinical and life sciences customers in over 125 countries, as well as provides after-market service and support.