Sporos Capital Partners Announces Investment in Story Companies LLC
LOS ANGELES – Sporos Capital Partners , an established Cannabis private equity firm, today announced that it has closed on its equity investment in Story Companies LLC, (“Story”) a privately-held Multi-State Operator (“MSO”) led by a proven team of operators with an unparalleled track record. Proceeds of the investment, from a Sporos affiliated vehicle, will be used to support the growth and expansion of Story’s vertically-integrated operations. The terms of the Sporos investment were not disclosed. Story was founded by Jason Vedadi, an industry veteran, with a proven track record of successful cannabis operations and multiple successful exits. Story currently has operations in multiple states and is seeking to further expand into additional markets, through a combination of new license applications and strategic acquisitions. “By making an eight-digit investment in Story we are staying true to our belief of investing in businesses with a clear and actionable strategy and, more impor...