67% of Ohio Tier 1 Cannabis Cultivation Applicants Disqualified

Yesterday, the Ohio Department of Commerce revealed the 12 provisional Tier I cultivation license recipients. Tier 1 licenses permit a canopy up to 25,000 sq. ft. initially. Today it followed up by sharing the scores of all 109 applicants. The winners included the top ten scores as well as two who were approved to fulfill a legal requirement to award cultivator licenses to “economically disadvantaged applicants” that included Parma Wellness Center and Harvest Grows, which is tied to Arizona-based Harvest.

The state used a two-stage process to determine the finalists. Any application that failed to meet a minimum of 60% on any of the five plan areas (Business, Operations, Quality Assurance, Security and Financial) was disqualified, with all but 36 falling into this category. Several of these disqualified companies scored in the top 25% of scores, including GrowthOrchard Patners, FarmaceuticalRX, Grean Peak Industries Ohio and GTI.

The final scores weighted to arrive at a maximum score of 200, with the average application scoring 127.74.

Here are the top 33 scores, with the provisional license winners in bold:

  Applicant Business Name Total Score Final Result
1 MMCP‐C‐201706‐0110 Buckeye Relief, LLC 179.28 179.28
2 MMCP‐C‐201706‐0085 Grow Ohio Pharmaceuticals, LLC 173.44 173.44
3 MMCP‐C‐201706‐0124 OPC Cultivation, LLC 173.28 173.28
4 MMCP‐C‐201706‐0082 Riviera Creek Holdings, LLC 172.72 172.72
5 MMCP‐C‐201706‐0114 Pure Ohio Wellness, LLC 167.64 167.64
6 MMCP‐C‐201706‐0129 Columbia Care OH, LLC 167.08 167.08
7 MMCP‐C‐201706‐0147 Terradiol Ohio, LLC 165.48 165.48
8 MMCP‐C‐201706‐0099 AT‐CPC of Ohio, LLC 161.28 161.28
9 MMCP‐C‐201706‐0107 Standard Wellness Company, LLC 161.28 161.28
10 MMCP‐C‐201706‐0089 Cresco Labs Ohio, LLC 159.80 159.80
11 MMCP‐C‐201706‐0104 Greenleaf Gardens, LLC (Willoughby) 159.64 159.64
12 MMCP‐C‐201706‐0105 Greenleaf Gardens, LLC (Middlefield) 159.64 159.64
13 MMCP‐C‐201706‐0106 Greenleaf Gardens, LLC (Akron) 159.64 159.64
14 MMCP‐C‐201706‐0078 GrowthOrchard Partners, LLC 158.76 Disqualified
15 MMCP‐C‐201706‐0084 PharmaCann Ohio, LLC 158.56 158.56
16 MMCP‐C‐201706‐0103 Ohio Grown Therapies, LLC 155.44 155.44
17 MMCP‐C‐201706‐0094 FarmaceuticalRX, LLC 154.58 Disqualified
18 MMCP‐C‐201706‐0144 Parma Wellness Center, LLC 153.08 153.08
19 MMCP‐C‐201706‐0113 Green Peak Industries Ohio, LLC 150.58 Disqualified
20 MMCP‐C‐201706‐0119 HVV Mission Ohio, LLC (Coshocton) 150.20 150.20
21 MMCP‐C‐201706‐0091 GTI Ohio, LLC (Toledo) 148.16 Disqualified
22 MMCP‐C‐201706‐0092 GTI Ohio, LLC (Lorain) 148.16 Disqualified
23 MMCP‐C‐201706‐0157 Health for Life Ohio, LLC 148.04 148.04
24 MMCP‐C‐201706‐0126 Certified Cultivators, LLC 148.00 148.00
25 MMCP‐C‐201706‐0153 Trillium Holdings, Inc 147.84 147.84
26 MMCP‐C‐201706‐0098 Ohio Therapeutics, LLC 147.64 147.64
27 MMCP‐C‐201706‐0128 Ohio Medical Holdings, LLC 147.64 147.64
28 MMCP‐C‐201706‐0081 Green Investment Partners, LLC 147.08 147.08
29 MMCP‐C‐201706‐0118 HVV Mission Ohio, LLC (Columbus) 145.82 Disqualified
30 MMCP‐C‐201706‐0166 Silphium Grow, LLC 145.28 145.28
31 MMCP‐C‐201706‐0123 Harvest and Bloom, LLC 142.92 Disqualified
32 MMCP‐C‐201706‐0095 Harvest Grows, LLC (Lawrence Co) 142.04 142.04
33 MMCP‐C‐201706‐0096 Harvest Grows, LLC (Cleveland) 142.04 142.04
Exclusive article by Alan Brochstein, CFA

ab-byline-ncvBased in Houston, Alan leverages his experience as founder of online communities 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV.

Contact Alan: Twitter | Facebook | LinkedIn | Email


Latest News
Get The App

Download the free “New Cannabis Ventures” app on the iOS App Store or Google Play and get real-time push notifications straight to your phone on the latest breaking news and exclusives published.


ncv-news-ios-app-store

ncv-news-google-play

NCV Media

Thank you for reading

New Cannabis Ventures

Contributing original content and curating quality news on only the most promising cannabis companies and the most influential investors.

FOLLOW US ON