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Venture Capital News: Connected Cannabis Pulls In $30M

2021-04-14
SACRAMENTO, CA, Connected Cannabis today announced the closing of a $30 million capital raise consisting of debt and equity financing.
Connected International ("Connected Cannabis Co." or "Connected"), a premier cannabis cultivator, retailer and market leader in California, today announced the closing of a $30 million capital raise consisting of debt and equity financing. The round was led by existing investors Navy Capital and One Tower Group with participation from new investors Emerald Park Capital, an affiliate of Bryant Park Capital, and Presidio View Capital.

Connected Cannabis Co. has been breeding, growing and selling the best cannabis in the world since 2009. Started with the mission of providing high-quality products paired with excellent customer service, Connected started as Fruitridge Health and Wellness in Sacramento. Co-founded by Caleb Counts, a master grower, the company has created a cult-like following for its celebrated strains, and its indoor flower commands the highest wholesale price in any major legal market. Connected acquired the popular brand Alien Labs in 2017. Today, Connected maintains a portfolio of proprietary top-shelf strains cultivated in state-of-the-art grow facilities in both California and Arizona and operates three stores.
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