The former head of the Wrigley gum empire is getting into the medical marijuana business.
William Wrigley Jr., once the president and CEO of Wm. Wrigley Jr. Co., has been named chairman of the board of directors at Surterra Wellness, a medical cannabis company with operations in Florida and Texas. Wrigley’s investment fund led a $65 million equity fundraising round that Surterra closed in July. The company has raised more than $100 million since 2015.
Wrigley first invested in Surterra in September. The cannabis industry is expanding around the country despite the federal government’s classification of marijuana as an illegal drug.
Top Image: © CascadeCreatives | Adobe Stock