Sanity Group Closes M million US Series A round
BERLIN, Feb. 11, 2020 /PRNewswire/ – Sanity Group, one of Europe’s leading medical cannabis and wellness brands is pleased to announce the completion of a $22M Series A funding round led by Calyx, a European Cannabis-focused investment fund and HV Holtzbrinck Ventures, one of Germany’s largest Venture Funds. Among the participants are also Karan Wadhera (managing partner at Casa Verde), Scooter Braun’s investment fund TQ Ventures and Berlin-based Cherry Ventures. This investment represents the largest cannabis financing round in Europe to date. Sanity Group aspires to become a market leader in the fast-growing German and European cannabis markets. The company, founded in 2018 by German entrepreneurs and cannabis advocates Finn Hänsel and Fabian Friede, is fully licensed and currently operational…
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Source : CANNANNEW REPORT
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