How much did Cann raise?

Cann raised $27 Million in a Funding Round round on February 15, 2022.

Cannabis Beverage Startup Cann Raises $27M As It Expands To Canada

PRIVATEFeb 15, 2022

Amount Raised

$27 Million

Round Type

Funding Round

CanadaFood And Beverage

Description

Cann, a THC beverage company marketing itself as a fun alternative to alcohol, is bulking up on funding as it brings the product into Canada — its first international market expansion.

Quick answer

Cann raised $27 Million in a Funding Round round, dated February 15, 2022. Cann is based in Canada.

How much did Cann raise?: Cann raised $27 Million in a Funding Round round on February 15, 2022.
What does Cann do?: The startup announced Tuesday that it has raised $27 million in Series A funding from some new and unnamed institutional investors, past investor Imaginary Ventures and a host of celebrity influencers including stars..
Where is Cann based and how big is it?: Cann is based in Canada.

Source: Fundz verified event record.

Who else raised in Food And Beverage around the same time

Companies in the same sectors as Cann that raised within 45 days of this round, from Fundz verified event records.

Constellation Brands raised an undisclosed amount (Funding Round) on March 30, 2022.
FreshFry LLC raised $715K (Seed) on March 30, 2022.
Wandering Bear raised $5M on March 17, 2022.
Reed’s raised $5.4M on March 16, 2022.
Cleveland Kitchen raised $17M on March 11, 2022.
Farmshelf Corp raised $5.8M on March 10, 2022.

Who to call at Cann, and when

A new round usually means Cann is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Cann

Location

Canada

About

The startup announced Tuesday that it has raised $27 million in Series A funding from some new and unnamed institutional investors, past investor Imaginary Ventures and a host of celebrity influencers including stars like Nina Dobrev, Adam Devine, Zoey Deutch and Rosario Dawson, among others. The company closed a $5 million seed round back in 2020. The company has a fairly wide variety of product offerings — with different availability in different markets — including THC-infused syrups which can by mixed with tonic or as an ingredient in a Cannabis cocktails. Somewhat bewilderingly they are also selling 12-packs of 8 ounce Cannabis-free tonic waters for $25, thought it’s clear the company is throwing a lot at the wall to see what sticks with their audience. The startup currently sells products in California, Massachusetts, Rhode Island, Nevada and Illinois. For the time being, Cann is perhaps a bit pricey to directly compete with the full market of beer or spiked seltzer drinkers.

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Cann raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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