This Marijuana Company Raised A $9M Series B To Expand Edibles And Beverage Brands
Portfolio Pulse from Joana Scopel
Cannabis firm Botanica has raised $9 million in Series B funding from institutional cannabis investors including KEY Investment Partners and GreenAxs Capital. The funding will support Botanica's expansion plans and growing market share for its edible brands, Mr. Moxey's and Journeyman. The company also plans to increase market share for Mr. Moxey's and introduce Journeyman Lemonade to new markets, including Illinois, Colorado, and Oregon, in 2023. Botanica's partnership with multi-state operator Acreage Holdings Inc. (OTCQX:ACRHF) would further support its expansion plans.
July 13, 2023 | 10:36 pm
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Acreage Holdings Inc. is partnering with Botanica to support its expansion plans. This partnership could potentially increase Acreage's revenues and market presence.
The partnership with Botanica could potentially increase Acreage's revenues and market presence as Botanica expands its market share and introduces its products to new markets. This could lead to a positive impact on Acreage's stock price in the short term.
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