'Screwed and burned': Holyoke marijuana company Positronic Farms leaves trail of unhappy investors [View all]

Tennessee resident Darren Singleton is interested in investing in startups and saw an opportunity in Massachusetts’ nascent legal marijuana industry.

He got an email alert about a Holyoke company that had a property lease in a city that was friendly to marijuana businesses. He and his wife flew to Massachusetts, met Positronic Farms founder David Caputo and toured the space in a former paper mill, which Positronic Farms planned to lease to marijuana cultivator Holyoke Gardens.

“It looked like it was going to be a solid play,” Singleton said.

Singleton withdrew money from his 401(k) and sent Caputo a cashier’s check for $25,000. He convinced two friends in Tennessee to invest $25,000 each.

Read more: https://www.masslive.com/news/2019/06/screwed-and-burned-holyoke-marijuana-company-positronic-farms-leaves-trail-of-unhappy-investors.html