Cannabis Capital Raises in the U.S. – October 1st-15th, 2024
Several interesting transactions closed in the Cannabis sector this week. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Merger/Acquisition and Corporate
- Greenlight, operator of a cannabis dispensary intended to lessen the stigma of cannabis, was acquired by Dark Horse Cannabis.
- Super Sonic Transportation, provider of cannabis transport services intended to promote the growth of the Missouri cannabis industry, was acquired by Talaria Transportation.
Later Stage VC
- Cellibre, operator of a cellular agriculture company intended to develop sustainable biological products, raised $6.71 million through a combination of Series A2 and Series A2-1 venture funding, putting the company’s pre-money valuation at $45.92 million.
- Happy Cabbage Analytics, developer of a cannabis data analytics and insights platform, raised $2.3 million of venture funding.
Early Stage VC
- Joggy, producer of plant-based drinks intended to boost energy and focus without negative side effects, raised venture funding from Hall Street Ventures.
- Cannect Wellness, opeator of a cannabis product brand intended to provide a variety of craft cannabis items, raised $7 million of venture funding.
RS BioTherapeutics, operator of a research and development company, raised $20,000 of venture funding.Angel, Seed, and Grant
- Magic Cactus, operator of the non-alcoholic beverage brand intended to create a nontoxic drinking experience, raised $275,000 of angel funding.
#castleplacement #capitalraising #privateequity #venturecapital #investment #Cannabis #cbd
Diana Ruddy
Managing Director
Over 20 years of diverse experience in investment banking, consulting, and commercial lending. Developed transactions up to $350 million, sourcing debt and equity funding for domestic and international projects across a wide range of industries. Advised companies on expansion, mergers and acquisitions, financial structure, contract negotiation, and strategic planning. Industry experience includes healthcare, technology, energy, aviation, real estate, manufacturing, retail, agriculture, hospitality, financial services, and nonprofits. Bachelor of Science with highest honors in Finance from UMass Boston, and MBA with great distinction from Arizona State University W.P. Carey School of Business. FINRA Series 7, 66, 79 and 99 licenses.
- Email: druddy@castleplacement.com
- (C) (406) 868-3218
Please contact me if you have any questions or would like to discuss your capital raise:
Email: druddy@castleplacement.com
(C) (406) 868-3218
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.