Claybourne Co. Announces $17.5 Million Over-Subscribed Capital Raise
10/19/21, 8:00 AM
Location
riversideMoney raised
$17.5 million
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 Info
Location
riverside, connecticut, united states
Additional Info
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.