- Fayetteville attorney Erik Danielson, an investor in The Source, a medical marijuana company, recently closed a deal to acquire a 7,270-square-foot cannabis manufacturing facility and lab in Boulder, Colorado, marking his first cannabis industry investment in the state.
- Danielson, who also maintains his work as an attorney, has been involved in multiple industry investments, including consulting on cannabis operations in Missouri and Oklahoma and projects in other states like Georgia, Mississippi, and New Mexico.
- Through the recent acquisition, Danielson’s company, EDM Holdings, gained cannabis brands Bakked and Pressies, expanding their product offerings, and they plan to introduce their flagship brand, Wavelength Extracts, to Colorado. He also aims to work on cannabis products providing variable effects consumed in non-traditional ways, like pills, gummies, drinks, and topicals, over the next few years.
Fayetteville attorney Erik Danielson, an investor in The Source, a medical marijuana company, has expanded his cannabis industry investments by acquiring a 7,270-square-foot cannabis manufacturing facility and lab in Boulder, Colorado, with undisclosed financial terms, Talk Business & Politics reports.
This marks his first cannabis investment in Colorado but adds to his extensive involvement in the industry.
Danielson, who also works as an attorney, spends most of his time on cannabis ventures and consulting, helping establish cannabis operations in multiple states.
His company, EDM Holdings, recently relocated to Boulder and partnered with Silver Stem to acquire the manufacturing facility.
The deal included purchasing a manufacturing license and introducing cannabis brands Bakked and Pressies to their portfolio, with plans to introduce their flagship brand, Wavelength Extracts, to Colorado.
Danielson aims to work with cannabis products providing variable effects, including pills, gummies, drinks, and topicals, over the next few years.
Despite some projections of decreased cannabis sales in Colorado, the industry continues to thrive in various states, with Arkansas also witnessing increasing medical marijuana sales.
Danielson plans to move to Colorado soon, further solidifying his presence in the cannabis industry.