East Liberty-based Maitri Holdings LLC, a medical marijuana company, has raised nearly $18 million in outside investment, according to public SEC documents.

Corinne Ogrodnik, managing director and a co-founder of Maitri, said the company was not at liberty to discuss specific plans for the funds or name the investors behind the raise but added that “Maitri’s future is bright” in a statement. Ogrodnik founded Maitri with COO Joe Vesely in 2016.

According to Crunchbase figures, Maitri’s total funding has reached at least $24.9 million.

Back in July 2019, Maitri Medicinals LLC announced it had raised $5.8 million as part of a $16 million round. That followed the February 2019 raise of nearly $7 million in funding from more than 100 high-net-worth angel investors, 90% of whom resided in southwestern Pennsylvania.

Read the story at bizjournals.com