New Cannabis Accelerator Combines Social Equity with Merit

InLabs2 LLC is the first joint venture approved by the alliance, there are more in the pipeline.

Calvin Frye
SoEquity Corporation

Health Advance and strategic partner SoEquity Corporation have approved their first social equity cannabis license owner, InLabs2 LLC of Springfield, Illinois, to participate in a unique new opportunity accelerator program. The approach taken by the Health Advance/SoEquity alliance has positive implications for participating public shareholders, the legal cannabis sector, and for society.

The partners are boosting the business success of social equity cannabis license owners through targeted mentorship and funding, and passing those benefits through to their public investors. SoEquity Founder and CEO, Calvin Frye, is acknowledged by regulators as an expert in this pursuit. Frye has been showcased by the Los Angeles Department of Cannabis Regulation and government legislators nationally.


By improving the success rate of social equity cannabis license owners,  the Health Advance / SoEquity accelerator program helps cannabis regulators achieve their goal of a thriving licensed community, while respecting social equity ownership objectives. This initiative is establishing a leadership role for Health Advance/SoEquity in a valuable limited access market.

InLabs2 LLC is a case in point. It was granted a Craftgrow and Infusion Cannabis License under a program promoting social equity ownership in cannabis business opportunities. Illinois manages a "capped" cannabis market that limits the number of licenses, and enforces against unlicensed operators. The business model of the Health Advance/SoEquity alliance is to quickly identify qualified social equity license owners in states that have capped licensing, then deploy targeted expertise, mentorship and financing to maximize performance and to share in the unique competitive advantages enjoyed by those social equity cannabis license owners.

InLabs2 is led by Springfield's popular William Bishop III, a former U.S. Marine with thousands of friends on Facebook alone, and well-known locally. Agreement has been reached through SoEquity's CEO, Calvin Frye, to launch InLabs2 operations as a joint venture. The deal provides the Health Advance / SoEquity alliance with partial ownership in InLabs 2 LLC, and lucrative profit sharing, in return for the alliance's mentorship and financial backing.  Health Advance is helping to coordinate this deal, and future transactions for SoEquity Corporation, toward SoEquity qualification with the SEC for a $75 Million public offering under Regulation A+. Public investors did not previously have access to social equity targeted deal flow within the cannabis sector before the Health Advance/SoEquity alliance initiative.

Although InLabs2 LLC is the first joint venture approved by the alliance, there are more in the pipeline. Additional applicants are eager to share what they have, for mutual gain. Applicants are proving with their high quality business plans that they have lucrative legal cannabis opportunities that are being wasted due to missing mentoring and financing.

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