CapStone Holdings, a business incubator and investment group, today announced a strategic investment in The United Green, a national staffing agency with industry-specific workplace solutions for the expanding legal cannabis and hemp industries.
The United Green investment – $2 million – is the latest by CapStone Holdings in well-established companies serving medicinal marijuana needs. Prior investments were in Curaleaf and TerrAscend’s Ilera Healthcare Division, two of the fastest growing cannabis companies in the United States and trading on the Canadian stock exchange.
CapStone’s investment in The United Green recognizes a growing need – providing qualified personnel in an industry that added more than 77,000 U.S. jobs in a pandemic-stricken 2020, according to the latest industry survey. Currently, 35 states and the District of Columbia have legalized marijuana for medical use and U.S. marijuana companies have raised more than $100 billion to meet future demands.
“The medical marijuana industry is counting on reliability and quality from growers and producers, as well as qualified staff at retail locations. This can only be achieved through well-trained, qualified employees and contract personnel. With decades of experience in the staffing and recruitment profession and a proven reputation serving the cannabis and hemp industries, United Green’s growth potential is very strong,” said Keith J. Stone, founder and chairman of CapStone Holdings, Inc.
Since 2018, Michigan-based United Green has provided contract and direct hire services to USA companies in all areas of the cannabis production industry, including grow facilities and farms, transport, extraction, testing, manufacturing and provisioning. This month, United Green became the first company to earn upLVL certification in the staffing segment for the cannabis market.
Already serving companies coast-to-coast, United Green is now looking to assist growers and other companies ramping up in states that recently legalized marijuana. Cultivation became legal this year in five more states and trained personnel will be needed for both outdoor and indoor growing operations and support services. The $2 million strategic investment from CapStone will assist United Green with continued operational expansion into more states.
“We have served companies across the country with exceptional, qualified talent. Lately, grow and production operations in the Midwest and East Coast are starting and scaling, which means they have temporary and permanent staffing needs to meet their success objectives,” said Craig Petersmark, founder and Owner of The United Green. “We are the leaders in providing the ‘A’ team talent, particularly in regions now facing some of the toughest challenges for qualified workers.”
CapStone Holdings is actively exploring additional investment positions in the medical marijuana industry.
About CapStone Holdings, Inc.
CapStone Holdings, Inc. is a family office-structured holding company that maintains a balanced portfolio through investment strategies that maximize innovation and return with minimal risk. CapStone Holdings and its founders have invested across a wide range of industries for over 33 years and engages in focused philanthropic efforts. www.capstoneholdingsinc.com.
About The United Green
The United Green was founded in 2018 with aspirations of helping the cannabis and hemp industry grow to bring more health options to end users throughout the United States. The United Green team believes in the healing effects of CBD and THC, and works to help established companies create the best product for their customers through qualified, stable staffing solutions. United Green assists companies across the United States with connecting top industry talent to aid company’s growth. United Green also connects clients to manufacturing partners and farms across the United States for any wholesale needs. www.theunitedgreen.com