Acecann Closes $15M In Seed Financing To Produce First Premium, Organic Flower And Extracts For Europe
Acecann Closes $15M In Seed Financing To Produce First Premium, Organic Flower And Extracts For Europe
10/12/21, 12:00 PM
Location
lisbonMoney raised
$15 million
Round Type
seed
European medical cannabis company AceCann announced the closing of a $15M (USD) round of Seed financing. The funding round was led by venture firm Casa Verde with participation from Portuguese venture capital firm, Lince Capital, along with public funding and debt capital. The Company will use the proceeds to develop a state-of-the-art production facility located in Vendas Novas, Portugal dedicated to the organic cultivation, processing and extraction of premium medical cannabis products. Construction started in September.
Company Info
Location
lisbon, maine, united states
Additional Info
AceCann is a Portuguese medical cannabis company focused on the cultivation, processing, extraction and R&D of organic medical cannabis. With a unique organic indoor cultivation approach, AceCann wants to disrupt the European market with its high-quality medicinal products. It is the first company in Portugal to be awarded an R&D certificate of suitability by the National Innovation Agency.