Botanica, a Seattle, WA-based makers of Mr. Moxey’s and Journeyman cannabis-infused edibles, raised $9M in Series B funding.
The round was led by KEY Investment Partners and GreenAxs Capital. Other firms participating in the round included Entourage Effect Capital and AFI Capital Partners. In conjunction with the financing, Tiby Erdely of KEY will be joining Botanica’s Board of Directors.
The company intends to use the funds to expand Mr. Moxey’s presence and launch the Journeyman Lemonade in three new states (Illinois, Colorado and Oregon) in 2023.
Led by Chris Abbott, Founder and CEO, Tim Elliott, President, Botanica has developed a suite of brands. Mr. Moxey’s is a cannabis infused mint in the nation having sold more than 40 million mints since inception. Journeyman, from its foundation in Washington State, is set to lead the small format drink segment as it expands into new states over the coming years.
FinSMEs
17/07/2023