A West Memphis company incorporated in September has raised almost $4 million through a private equity placement.
In a Form D filed with the U.S. Securities & Exchange Commission on Nov. 4, GLWM Medicinal Investment Co. LLC revealed that it had sold $3.93 million of the $4.15 million it had offered. Thirteen investors responded to the offer starting Oct. 23.
The filing doesn’t give any other information about the business — its industry group is listed as a nonspecific “other” — but Whispers feels confident that GLWM Medicinal is involved in medical marijuana.
For one thing, GLWM’s address is the same as that of Greenlight Dispensary West Memphis.
Plus, the SEC filing was signed by William R. Mullen at the Little Rock address associated with Good Day Farm, the medical marijuana producer and seller where Mullen is general counsel. (A message left at the phone number provided to the SEC was not returned by press time.)
Finally, GLWM Medicinal Investment Co. LLC was incorporated on Sept. 27 by James Barnes, a name that has been associated with Greenlight Dispensary Little Rock.
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