'Screwed and burned': Holyoke marijuana company Positronic Farms leaves trail of unhappy investors

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