RI Compassion Center in Receivership Being Bought by Member of Prominent Newport Family
GoLocalProv News Team
RI Compassion Center in Receivership Being Bought by Member of Prominent Newport Family
Octavius Prince, is leading a group seeking to purchase Greenleaf Compassion Center PHOTO: Promotional
Octavius Prince is the leader of a group seeking final approvals to purchase the Greenleaf Compassion Center in Portsmouth.
One of the three original marijuana facilities in Rhode Island, Greenleaf was placed in receivership in 2024.
Greenleaf has been seeking a new owner. Attorney Nick Hemond was appointed by the court to serve as the receiver.
GoLocal reached out to Prince to comment on the acquisition. Octavian Prince’s attorney refused to provide him for an interview and only offered to respond to written questions. GoLocal declined to have the attorney answer questions.
He is the founder and CEO of O Street Capital, an investment firm "seeking out passion projects and innovative technologies positioned for the future."
Prince’s family dates back to 1633 in the United States.
His father, Frederick Henry Prince, IV, who died in 2017, was a noted investor and philanthropist. The family’s wealth is rooted in railroads and Chicago stockyards in the 19th century.
Other Cannabis Interests
One of Prince’s websites states he “launched Ocean State Botanicals, a medical marijuana facility in Rhode Island using state-of-the-art technology and the most innovative and sustainable cannabis extraction methods to make high-quality concentrates and flowers.”
He and his wife, Mary Kate, have donated to only one state candidate - Governor Dan McKee. Each donated $1,000 to McKee, according to state records.
Senator Sheldon Whitehouse discussing his family's membership in Bailey's Beach Club PHOTO: GoLocal
Bailey’s Beach Club, Clambake Club, and Other Prominent Private Clubs
Prince’s bio highlights his membership in a number of prominent and exclusive clubs, including Spouting Rock Beach Association, also known as Bailey’s Beach, an exclusive Newport Beach facility that U.S. Senator Sheldon Whitehouse's family has been a member of for decades.
“They include: Foundation to Be Named Later (FTBNL), which runs the Hot Stove Cool Music event; Surfrider Foundation; The Preservation Society of Newport County; Cubs Charities; and Shirley Ryan Ability Lab (Formerly RIC). Octavius and Mary Katherine Prince are also members of the Spouting Rock Beach Association, The Clambake Club, and the Chicago Racquet Club,” states Prince's bio.
And Prince is also an actor and producer.
His bio states, “He served as an executive producer and actor in various films including The Preppie Connection (2015), Perception (2019), and Roe v. Wade (2021), a feature film documenting the landmark 1973 Supreme Court decision where Octavius appeared as pro-choice attorney Cyril Means. Directed and produced by Nick Loeb and Cathy Allyn, the film documents the landmark 1973 Supreme Court decision and the many figures with complex points of view who were involved. In Perception, he portrays a white supremacist, a role he took to highlight the darker side of the story of immigration reform. He hopes that this role will amplify the conversation and inspire critical thinking around issues that are relevant, complex, and rooted within our culture.”
