CaniBrands Announces Capital Raise of $5-million to Fund Forward Focus Business Ventures

CaniBrands Announces Capital Raise of -million to Fund Forward Focus Business Ventures

Friday, November 1, 2019 7:15 AM WALNUT CREEK, CA / ACCESSWIRE / November 1, 2019 / CaniBrands, the trusted providers of premium CBD products across the U.S., announces the beginning of a US$5-million capital raise. The company is launching a 27.5 cents per share capital raise, with $1-million lead orders committed from its founders and two strategic investors. CaniBrands will use the funds to continuously develop and market premium CBD products across the U.S., expanding to key international markets including Canada and Europe with integrated channels and operational platforms. The company has no long-term debt, highly favourable products, and a strong business strategy focused on CBD products in the sports, fitness and wellness marketplace. “Our memorable brands and highly effective products, Cani-Sleep, Cani-Boost, Cani-Fresh and Cani-Mend are developed by high-performance athletes,” says Chris Lord, CEO of CaniBrands. “We operate with a capital-light, nimble, and financially prudent business model supported by strong partnerships.” On Thursday, October 31, 2019, CaniBrands issued a press release outlining the business’s rapid growth and its plans for international market expansion and multi-channel CBD distribution. The company also reported a robust Net Promoter Score far exceeding the industry average, and a 60+ per-cent high-margin product focus. Since CaniBrands’ launch in…

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Link to original : CaniBrands Announces Capital Raise of -million to Fund Forward Focus Business Ventures
reposted by Cannabis News World

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