One of America’s most iconic names has joined with Surterra Wellness, infusing the Atlanta-based medical cannabis company with millions of dollars, Surterra announced Monday.
William Wrigley Jr., former CEO of chewing gum giant Wm. Wrigley Jr. Company, joined Surterra as chairman of its board of directors after leading the fundraising of $65 million for the company, which is licensed to operate dispensaries in Florida and Texas.
Wrigley’s jump into the medical marijuana industry reflects changing attitudes towards the substance in some areas of the country, as legal cannabis becomes an increasingly widespread and lucrative business.
“We believe in the ability of cannabis to improve quality of life for patients across the country, and we are excited to build a global industry leader for the long term,” Wrigley said in a statement released by Surterra.
The $65 million was part of a fundraising round which ended in July. Surterra has raised a total of $100