PA Marijuana Company Takes Over Advanced Biomedics
Pennsylvania-based Ilera Holistic Healthcare has bought out the majority interest in Advanced Biomedics, Southern University’s medical marijuana partner.
On Monday, the company paid Southern University a long-awaited $2.15 million — the first of more than $6 million in payments the school is set to receive from Advanced Biomedics — along with a promise to revive a company that has made little progress toward beginning operations as one of Louisiana’s two licensed marijuana growers.
Ilera officials said they plan to purchase a 40-acre piece of land in Baton Rouge in the next two months.
