Pittsburgh medical marijuana firm raises nearly $18 million in outside investment

Maitri Medicinal CEO and cofounder Corinne Ogrodnik in the lobby of her company's East Liberty dispensary location

Nate Doughty

By Nate Doughty - Reporter

November 09, 2022, 04:41pm EST

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.

A look inside Maitri Medicinals' East Liberty medical marijuana dispensary

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A street sign along Center Avenue in East Liberty pointing to the Maitri Medicinals storefront

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The Maitri Medicinals storefront located along Center Avenue in East Liberty. A security guard has to unlock the main entrance during all operating hours.

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The teal and aquamarine stairway leading up to the lobby at the Maitri Medicinals East Liberty dispensary location which comes after passing through another locked door.

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The lobby and front desk at the Maitri Medicinals East Liberty dispensary location. Security cameras dot the ceiling as new and returning patients check in to the front desk and have their documents scanned into the computer system run by the state's health department.

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A Maitri Medicinals marquee above the front desk at the company's East Liberty dispensary location

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Ornate, light-brown wooden floors host enormous, fluorescent glass displays that feature medical marijuana products from every licensed Pennsylvania grower/processor in the state at Maitri Medicinals's East Liberty location

Vast and open, patients are free to browse a room filled with a plentiful number of offerings from Maitri Medicinals's menu at the company's East Liberty dispensary

Maitri Medicinal CEO and cofounder Corinne Ogrodnik in the lobby of her company's East Liberty dispensary location

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Maitri Medicinal CEO and cofounder Corinne Ogrodnik, left, discusses with CFO Jimil Wilson in the waiting room area at the company's East Liberty dispensary location

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Some of the bags customers receive their medical marijuana products in at East Liberty dispensary location of Maitri Medicinals

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A designated parking lot for customers of the Maitri Medicinals medical marijuana dispensary is located two plots down from the company's storefront along Center Avenue. It's under constant video surveillance by one of the two guards located on-site.

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Maitri maintains dispensary locations in Uniontown and Greensburg in addition to its Center Avenue facility in East Liberty.