Cannect Wellness has announced the successful completion of its second round of funding, securing $7 million in fresh capital. This latest round brings the company's total equity funding to $14.5 million.
The $7 million in new funding comes from a diverse group of investors, including both new and existing backers. Cannect Wellness plans to use the funds to increase its production capacity, expand its product portfolio, and double the size of its team. The company also plans to launch new brands and evaluate other expansion opportunities that align with its mission of providing the best cannabis experiences for consumers in Illinois.
Gabe Singal, CEO and Co-Founder of Cannect Wellness said: "We are thrilled to have the support of our investors as we continue to grow and push the boundaries of what a craft cannabis company can achieve."
For more information:
Cannect Wellness
cannectwellness.com