Category: Native Americans

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Cannabis Brand Partners with New York Tribe for Vertical Integration Project

terry roston

Phoenix, Arizona-based TILT Holdings is partnering with Long Island, New York’s Shinnecock Indian Nation to establish vertical cannabis operations on their tribal territory in the Hamptons. Through a joint venture with the Nation’s cannabis project development firm, Conor Green, TILT will finance, build, and provide management services for the cannabis operations of the Nation’s wholly-owned cannabis business, Little Beach Harvest.

Chenae Bullock, member of the Shinnecock Nation and Managing Director of Little Beach Harvest, called the deal a “momentous opportunity” for the Nation.

“As the wealth gap in the U.S. has grown wider and wider, it is economic development opportunities like this that will help our tribe bridge the gap. Through our partnership with TILT, we will not only create dozens of jobs and jump start careers, but will also cultivate business relationships with other tribal business owners, generating growth for Indigenous communities.”Bullock in a press release

Gary Santo, CEO of TILT Holdings, noted that “to date, Indigenous people have been largely excluded from the social equity conversation across the country.”

“This partnershipwhich is a true partnership in every senseis a step forward in creating social equity for the Nation,” he said in a statement. “We believe our expertise in cannabis operations along with Shinnecock’s thought-leadership and cultural connection to plant medicine will deliver economic growth for the region while cementing the Nation as a leader in cannabis operations among Indigenous communities.”

As part of the deal, a TILT subsidiary has purchased 100% of the Class A membership interests of Standard Farms New York, LLC which will hold a 75% interest in a joint venture with Conor Green for approximately $700,000, in cash and stock, with up to $2.65 million to be paid in additional shares priced at the time of closing, to be issued upon achievement of certain milestones, including the commencement of retail and wholesale cannabis sales, the companies said.

TILT will provide management services to Little Beach Harvest for the development of the facilities, including planning, design, and funding of up to about $18 million in capital expenditures in order to provide a fully vertical cannabis operation. The 9% debt financing TILT provides is repaid through monthly cash flows and is secured by the project assets which will include a 60,000 square-foot cultivation, processing, extraction, and packaging facility; a two-story dispensary with a drive-thru; and an adjacent wellness lounge.

In exchange for providing management services, Standard Farms receives 11.25% of the Nation’s gross revenue as well as 18.75% of free cash flows from all Shinnecock cannabis operations during the initial term of up to nine years. The management agreement may be extended up to 10 additional years, pending the accomplishment of certain performance-based milestones related to revenue and profitability.

Underground Dispensary
Author: TG Branfalt

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Nebraska Tribal College Partners with University for Cannabis Courses

terry roston

The Winnebago, Nebraska-based Little Priest Tribal College (LPTC) is partnering with Doane University to offer seven online cannabis courses, the North Platte Bulletin reports. The courses will be part of the new Cannabis Studies associate degree program.

Dr. Andrea Holmes, a Doane professor of chemistry and the director of cannabis studies who will teach four of the classes at the tribal college said the partnership “is critical for educating the future workforce, and for giving students the experience and credentials to enter a booming job market that provides opportunities to earn income for families and communities.”

Loretta Broberg, LPTC’s vice president of teaching and learning, called the program “a great and exciting opportunity” for the college’s students “as they enter an era of new horizons by gaining knowledge and marketable skills in a growing industry.”

“Students will be able to apply the newly acquired skills, as future jobs within the Tribal community develop and to support Ho-Chunk Farms hemp production. By partnering with Doane University for the Cannabis Studies program, we will work to ensure that not only will Ho-Chunk Farms be successful hemp producers but that we can become leaders in the hemp industry in Nebraska and nationwide.”Broberg, in a statement, via the Bulletin

Ho-Chunk Farms is owned by the Winnebago Tribe’s Economic Development Corporation. It was selected in 2019 to cultivate hemp following the passage of the 2018 Farm Bill.

Doane first launched its Professional Cannabis Certificate Program in 2019 and was the first institution in the state to open an ISO-certified cannabis testing lab, which has since been sold to a private company.

Underground Dispensary
Author: TG Branfalt

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