Cannect Wellness, a Chicago, IL-based craft cannabis company, closed its second round of funding, securing $7m in capital.
This latest round brings the company’s total equity funding to $14.5m.
Led by David Michaud, COO, and Gabe Singal, CEO, Cannect Wellness is a cultivator and manufacturer of cannabis products.
The company intends to use the funds to increase its production capacity, expand its product portfolio, double the size of its team, and launch new brands and evaluate other expansion opportunities that align with its mission of providing the best cannabis experiences for consumers in Illinois.
FinSMEs
08/10/2024