Cann, a Los Angeles, CA-based cannabis-infused beverage company, raised $27M in Series A funding.
The round was led by Imaginary Ventures with participation from Nina Dobrev, Adam Devine, Zoey Deutch, Jordan Cooper, Sara Foster and Rosario Dawson.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO Jake Bullock, Cann offers a range of microdosed, non-alcoholic beverages that are vegan, gluten-free, and low in calories. Each Cann has five all-natural ingredients. There are no artificial sweeteners or flavors, preservatives, or cannabis taste.
In addition to this funding round, the company is also announcing its first international expansion with the brand’s launch in Canada. The Canadian expansion and Series A funding follows a year of growth that saw nearly tripled sales and expansion into three new U.S. states: Illinois, Massachusetts and Arizona.
FinSMEs
21/02/2022