Indian-American Businessman Nitin Khanna enters California, with his Cannabis business, the fastest growing industry in America. As more states legalize recreational use, the demand for premium cannabis is expected to increase. With 38.8 million people, California is the largest market within this industry and became the first state to legalize medical marijuana back in 1996. Nitin Khanna the CEO of MergerTech, An international Mergers and Acquisition advisory firm in which he incorporates his deep domain expertise and buyer relationships, incredibly experienced bankers and global platform to clients who can convert their work into wealth through M& A and exits strategic and financial buyers.
Taking a step forward in this direction, Nitin Khanna’s Portland-based Cura Cannabis Solutions, already the leading provider of cannabis vape cartridges and oil in Oregon, will manufacture and market premium oils, concentrates and cannabis products in the United States.
Cura’snew facility in South East Portland will begin offering select branded CBD (cannabidiol hemp oil) cartridges. The CBD will be available online and retail locations in the select regions in the United States.
Commenting on the growth, Nitin Khanna, CEO, Cura said, “We are always scouting for exciting high growth businesses and entered the Cannabis business after a thorough study of its potential after it got legalized in the United States. Cura has undergone extremely fast growth since we started in 2016 and the further growth potential is enormous as the total North American sales of Cannabis is expected to be US$ 20.2 by 2021 according to some reports.”
Cura’svape cartridge brand Select is already the top-selling cannabis product in Oregon. It provides consumers with the most flavorful, effective, safe and enjoyable vape experience on the market.
Cura currently operates three facilities in Portland. The company witnessed significant growth over the past year which is evident from the workforce. In past one year, it added over 100 employees taking the total tally to 125.In order to cater to the growing demand, the company is planning to have a new 10,000 square-foot facility in Sacramento with plans to open another in Los Angeles. The company is also planning to add 125 more employees by the end of year.
About Cura Cannabis Solutions
Cura’s mission is to be the leading provider of cannabis oil to both consumers and premium edible brands in legal US and international markets. Select brand products include: Select CO2 vape cartridges, Select Elite THC Distillate and cannabis terpenes, Select Dabbables and Select CBD