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Viola Closes $13 Million Bridge Round

Jan 12, 2022•almost 4 years ago

Amount Raised

$13 Million

Los AngelesFood And BeverageHealth Care

Description

Viola, the leading Black-owned multinational cannabis brand, rooted in building equity within the space, announced the closing of a $13 million equity funding round. DelMorgan & Co., an internationally recognized investment banking firm headquartered in Santa Monica, California, acted as an exclusive strategic transaction advisor to Viola in connection with the transaction.

Company Information

Company

Viola

Location

Los Angeles, California, United States

About

Viola is the leading Black-owned producer and licensed wholesaler of premium cannabis products rooted in purpose. Founded in 2011, NBA veteran Al Harrington was inspired to launch the brand by his grandmother, Viola, who suffers from glaucoma and diabetes and found solace in cannabis remedies. The brand integrates the latest cutting-edge technology with its own proprietary processes designed for every stage of cultivation, extraction and production. Viola is known for its wide variety of product offerings, from high-quality flower to premier butane extracts. From regulation to representation and reform, Viola's mission is to create opportunities for communities of color in the cannabis industry.

Funding Insights

Based on industry data
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