THC Beverage Uncle Arnie's Raises Capital With Investments From Samuel Adams Founders
Portfolio Pulse from Nina Zdinjak
Cannabis-infused beverage brand Uncle Arnie's has raised strategic investments from Samuel Adams founders Harry Rubin and Lorenzo Lamadrid, former Ally Financial CEO Michael Carpenter, and VC investor Nick Carpenter. The company plans to use the funds to expand into additional states and achieve profitability in 2023.
June 13, 2023 | 11:00 am
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Former Ally Financial CEO Michael Carpenter participated in a strategic investment round for cannabis-infused beverage brand Uncle Arnie's.
Although Michael Carpenter is the former CEO of Ally Financial, his participation in the investment round for Uncle Arnie's is unlikely to have a direct short-term impact on ALLY's stock price, as he is no longer actively involved in the company.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 25
NEUTRAL IMPACT
Michael Carpenter, former CEO of Citigroup's Global Corporate & Investment Bank, participated in a strategic investment round for cannabis-infused beverage brand Uncle Arnie's.
Michael Carpenter's participation in the investment round for Uncle Arnie's is unlikely to have a direct short-term impact on Citigroup's stock price, as he is no longer actively involved in the company and his role was in a different division.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 25