Helios Labs, a minority-owned craft cannabis grower in Broadview, Illinois, announced it secured the first loan from the Illinois Department of Commerce and Economic Opportunity (DCEO) Cannabis Social Equity Loan Program designated for social equity license holders.

"As a leading social equity cannabis organization, we are happy to be among the first to access these funds," said Ambrose Jackson, CEO of Helios Labs. "With enormous start-up costs, it is vital for all license holders to complete build-outs and begin operations as quickly as possible and move into a revenue-generating model," said Jackson, who added the loan provides needed cash infusion at a pivotal time in the project's development.

According to a press release, Helios Labs <a …

Full story available on Benzinga.com