More News

Wilmington-based Hemp Cultivator Sold For Undisclosed Amount

By Rachel Lipman, posted Mar 8, 2019

CIJ Holdings Inc., a North Carolina-based cannabis investment and holdings company, has acquired a Wilmington cannabis seed to sale consultation and brokerage house called Grown 2 Gold LLC for an undisclosed amount.

The acquisition is the first for privately-held CIJ Holdings Inc. and greatly strengthens the company’s cultivation, processing, manufacturing and brokerage operations within the cannabis industry.

“We are extremely excited about the partnership with CIJ Holdings Inc,” said Boone Rivenbark, founder of Grown 2 Gold LLC.

Grown 2 Gold LLC is a North Carolina Hemp Pilot Program permitted cultivator and processor.
In addition to its vertically integrated product line, Sweet Earth Extracts, Grown 2 Gold brings white labeling opportunities for interested partners.

“This merger allows us to inject working capital and resources to cultivate and manage around 1000 acres of North and South Carolina cannabis, respectively. Our goal is growth, and we are confident CIJ Holdings Inc. is going to get us there,” continued Rivenbark.

According to a press release Friday, the cost of the sale has not been disclosed.

This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism.

Ico insights


Img 1576c1

Is Diversification Oversold?

Eddie Nowell - South Atlantic Capital Management Group
Jeff metrocopy

Public Adjusters are Your Advocates After the Storm

Jeffrey Feldstein - Metro Public Adjustment

Cape Fear Clinic Pharmacy

John Devaney - Cape Fear Clinic

Trending News

For $4.4M, Investors Buy S. College Road Center, Plan Improvements

Cece Nunn - May 17, 2019

Four Wilmington-area Companies Make Inc.'s Best Workplace List

Johanna Cano - May 16, 2019

Downtown Hotel Owners Propose New Building With 45 More Rooms, Retail Space

Cece Nunn - May 16, 2019

WAHA Kicks Off Membership Drive

Sherri Crawford - May 17, 2019

New UNCW Center Looks At Future Of Selling

Jenny Callison - May 17, 2019

In The Current Issue

Curiosity Sparks Engineer's Career

On a day in Wilmington about four decades ago, elementary school student Ron Sparks asked a pharmacist a question, then watched as the blood...

Info Junkie: Jim R. Roberts

Info Junkie Jim R. Roberts, Founder of Network for Entrepreneurs in Wilmington (NEW) and Wilmington Angels for Local Entrepreneurs (WALE), o...

MADE: Churning Out Profits

All the company’s handcrafted sandwiches are made in Wilmington, starting with homemade cookies and small-batch ice cream....

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!



2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Transporting the Future - Power Breakfast 3.12.2019
Health Care Heroes 2018