VividGro, LLC, a portfolio company of private equity firm Pegasus Capital Advisors, today announced it has tapped Merida Capital Partners as its strategic partner. VividGro, a spinout from Pegasus-funded Lighting Science Group Corporation (LSG), offers products based on LSG’s origins in developing lighting for NASA and the International Space Station and currently focuses on distributing controlled environment agriculture (CEA) LED lighting solutions and services to the indoor horticultural and cannabis industries.
The Company will initially be funded by investments from LSG and Merida Capital. Merida Managing Partner Mitchell Baruchowitz will join the VividGro Board and work with VividGro CEO David Friedman, former CEO of MJIC, as well as Board Chairman and Pegasus Operating Advisor Abraham Morris, to aggressively grow VividGro, including through acquisition of innovative CEA technology and service providers.
Read the full release here.