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Growing Springs Holdings Provides $1.7MM Revolver to Cannabis Grower Levity Wellness

November 27, 2018, 07:00 AM
Filed Under: Cannabis

Upper Street Marketing Inc. announced that its wholly owned subsidiary, Growing Springs Holdings Corporation, has entered into a definitive agreement with High Mountain Medz, dba “Levity Wellness,” to provide financing and a number of ancillary services to assist in the growth and expansion of Levity Wellness. Levity Wellness in Colorado Springs, CO, owns and operates various cannabis cultivation, dispensary, and cannabis extracts manufacturing licenses in Colorado, but required additional capital for growth and expansion in order to meet the ever-expanding demand of the medical and recreational Colorado cannabis markets.

Growing Springs Holdings Corporation provides financing and supplementary services to cannabis and hemp businesses in North America. The Company will provide to Levity Wellness a revolving line of credit in the amount of $1.7 million as well as several additional services that include but are not limited to, real-estate leasing, construction management, equipment leasing and equipment acquisition, genetics and cultivation assistance, specialty agricultural water technology, insurance and general planning.

By assisting Levity Wellness with finance and expansion services, the Growing Springs Holdings Corporation plan calls for increasing revenues from approximately $60,000 per month currently, to as much as 20X (1,200,000 per month) over a 24-month period.

According to President and CEO, Joseph Earle, Upper Street Marketing and its wholly owned subsidiary, Growing Springs Holdings Corporation, will continue to rapidly expand via its business model in Colorado and other key cannabis and hemp agricultural markets.


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