Wintrust Business Minute: PharmaCann raised most money for a Chicago startup in second quarter

Wintrust Business Lunch

English - July 15, 2024 19:02 - ★★★★★ - 8 ratings
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Steve Grzanich has the business news of the day with the Wintrust Business Minute. A Chicago-based cannabis operator raised nearly $95 million in April. And according to a group that tracks fundraising by startups, it’s the largest money round for a Chicago startup in the second quarter of this year. PharmaCann made the haul according […]

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

A Chicago-based cannabis operator raised nearly $95 million in April. And according to a group that tracks fundraising by startups, it’s the largest money round for a Chicago startup in the second quarter of this year. PharmaCann made the haul according to Pitchbook. Biotech company Advanced Medicine Partners landed the second-highest funding round of the quarter in Chicago with $60 million. Chicago Inno says other companies raising big funds were Clearcover at $55 million and Hopscotch Primary Care at $45 million.

Also, Crain’s reports a mostly vacant office building on the Magnificent Mile could become residential soon.

https://serve.castfire.com/audio/5304795/5304795_2024-07-15-195735.64kmono.mp3