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Claybourne Co. Announces $17.5 Million Over-Subscribed Capital Raise

Oct 19, 2021•almost 4 years ago

Amount Raised

$17.5 Million

Riverside

Description

Claybourne Industries Inc. ("Claybourne Co.") one of California's leading cannabis brands by retail sales, today announced the closing of $17.5 million in new funding. The Series A equity financing of $10 million was led by Green Acre Capital ("GAC"), with additional participation by groups of high-net-worth individuals, most with cannabis industry experience. The debt financing was comprised of a $5 million working capital line of credit from Bespoke Financial and $2.5 million in equipment financing.

Company Information

Company

Claybourne

Location

Riverside, Connecticut, United States

About

Nick Ortega, CEO & Co-Founder adds "Claybourne is a friends and family owned and operated business that has been self-funded with only $3 million in capital previously. Founded in 2017, Claybourne is a market leading cannabis breeder, cultivator, and retail brand that is known for its broad line of flower, pre-roll and concentrate products.

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