NEW YORK and AUSTIN, Texas (July 20, 2020)— Texas Original Compassionate Cultivation (TOCC), the market leader and gold standard for medical marijuana in Texas, announced today it recently closed its $5.1 million Series A financing.

Viridian Capital Advisors, through broker-dealer Pickwick Capital Partners, led the financing round.

Based in Austin, Texas, TOCC cultivates and processes life-changing medical marijuana for more than 2,000 patients throughout Texas. The company works closely with its patients, physicians and regulators throughout the state to offer the highest quality products to Texans with qualifying conditions under the Compassionate Use Program.

“Compassionate Cultivation, led by its CEO Morris Denton, is the leading medical marijuana company in Texas,” said Scott Greiper, President of Viridian Capital. “As the dominant leader in the second largest market in the United States, the infrastructure and team that Morris has built are the reasons why we were excited to represent TOCC as a Viridian client.”

The latest fundraising reinforces TOCC’s leading position in Texas’ vertically integrated medical marijuana industry. The funds will be used to scale operations and meet the needs of its thousands of current and future patients.

“Under Viridian Capital’s guidance, we’re excited to have completed our latest funding round, enhancing our ability to cultivate and deliver life-changing medicine to our current and future patients,” said Morris Denton, TOCC’s CEO. “Building and growing a vertically integrated business in the cannabis industry requires capital, and Scott and his team provided strategic leadership in the midst of challenging headwinds in the cannabis industry and broader macro economy. As the only 100% Texas-based operator, we are well-positioned for significant growth in one of the most important strategic medical marijuana markets in the country.”

About Texas Original Compassionate Cultivation
Texas Original Compassionate Cultivation (TOCC) is the leading licensed medical marijuana producer in Texas, working alongside physicians to provide the highest quality cannabis medicine to patients and families seeking relief across the state. As fellow Texans, we are dedicated to representing the integrity of this great state with our commitment to quality, consistency and purity in every product we produce. We remain committed to advance safe, legal access to this powerful medicine. TOCC is headquartered in Austin, with delivery throughout the entire state. For more information, visit www.texasoriginal.com.

About Viridian Capital Advisors
Viridian Capital Advisors (www.viridianca.com) is a financial and strategic advisory firm dedicated to the cannabis market. We are a data and market intelligence driven firm that provides capital, M&A, corporate development, and investor relations services to emerging growth companies and qualified investors in the cannabis sector. Our banking practice, through broker-dealer Bradley Woods & Co. Ltd. (Member FINRA/SIPC), provides capital and M&A services to fund the growth of our clients, while our advisory practice helps to position and build their businesses. Our team’s decades of high-level advisory and transactional experience allows us to provide comprehensive strategic and financial solutions that assist cannabis enterprises in realizing their full potential.

About Pickwick Capital
Pickwick Capital Partners, LLC is an independent, middle market investment banking firm providing strategic merger and acquisition advice, special situations advisory,  capital raising for fund sponsors and direct placements for companies. Pickwick Capital is headquartered in White Plains, NY, with over 120 associated persons within Investment Banking and Fund Raising. For more information, visit www.pickwickcapital.com.