Venture Capital News: Cann Lands Celebrity-Filled Investment Round
2020-10-29
LOS ANGELES, CA, Cann has landed an investment from a star-studded group of actors, musicians, athletes, and creators.
Cann, a Los Angeles-based purveyor of cannabis-infused social tonics, announced today an investment from a star-studded group of actors, musicians, athletes and creators, including Gwyneth Paltrow, Rebel Wilson, Ruby Rose, Darren Criss, Baron Davis, Tove Lo, Casey Neistat, and Bre-Z. Since the brand's inception in 2019, Cann has become the fastest growing THC beverage to date with over 2 million cans sold, and quarter over quarter sales growth for 2020 continuously doubling in numbers. Cann is also the #1 selling thc-infused beverage in California according to BDS Analytics.
Cann's latest investors join the brand on a collective mission to revolutionize the way consumers socialize by offering better-for-you alternatives to alcohol and other vice products. For each of Cann's latest celebrity partners, this investment marks their first major venture into the cannabis space - marking a monumental step for the brand in achieving its overall goal of normalizing cannabis consumption and breaking down stigmas within the industry.
Cann is the #1 selling THC-infused beverage in California according to BDS Analytics. Founded by Stanford and Harvard graduates, Cann is reshaping social drinking with their microdosed, non-alcoholic beverages that deliver a perfect, uplifting feeling every time. Vegan, gluten-free, and with only 35 calories, each Cann has five all-natural ingredients with a strength that is similar to a beer or glass of wine. There are no artificial sweeteners or flavors, sugar substitutes, or cannabis taste.
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