Petalfast has announced the closing of a $2.8 million capital raise in connection with its latest round of Series A funding, led by Merida Capital Holdings.

Other funds that participated in the raise include Arcadian Capital Management, Genesis Venture Investments, and WGD Capital.

Petalfast helps cannabis brands achieve rapid growth via its go-to-market accelerator program in California, and through its full spectrum of agency services available to brands nationally. The notable cannabis brands already engaged in the Petalfast platform include Wana, Space Coyote and Smarty Plants.