Raising money in the cannabis industry is hard. Peter Barsoom, the CEO of 1906 — a Colorado-based cannabis edibles brand — can attest to that.
"We did see headwinds like anybody in the cannabis space," Barsoom told Business Insider over the phone. "The fallout from the IPO bubble happened fast and furious."growth capital has slowly dried up for cannabis companies But for long-term investors, Barsoom says the thesis holds that cannabis "is one of the most exciting and fastest-growing segments of the economy that anybody has witnessed in our history."This latest funding round builds on 1906's pre-revenue raise in 2016 when the company raised $2.7 million.
Let's just repost our membership blocked content 🙄
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Signal AI: Series C $25 million pitch deck for AI tech startup - Business InsiderThe startup secured funding from Redline Capital, MMC Ventures, Hearst Ventures, and GMG Capital taking its total funds raised to $51.6 million.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »
DTC brands bypassing ad agencies and working with production companies - Business InsiderPopular direct-to-consumer brands like Bombas, Mailchimp, and SmileDirectClub are increasingly bypassing traditional agencies and working directly with production companies
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »
Instagram star Gal Meets Glam has sold $35 million of fashion products - Business InsiderAn Instagram star who has sold $35 million of her own products explains how she built her fashion line and turned followers into customers
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »
NCAA to allow college athletes to market themselves, some will make millions - Business InsiderNCAA reverses course, may allow student-athletes to market themselves, and it could be worth millions for some of college sports’ biggest stars
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »
Greensill eyes global expansion as it secures an extra $655 million from SoftBank - Business InsiderGreensill Capital secured $655 million from SoftBank and plans to use the funding for global expansion and to tap into early pay for workers.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »