Cannabis marketing and distribution firm Petalfast has raised $8m in an equity financing round. Led by a group of family offices, with interests including beverage alcohol distribution, the funds will allow Petalfast to expand its sales team and retail engagement services. The firm will expand further into markets where the adult use of recreational cannabis is legal. Petalfast brands sold in retail outlets include Lime, Sip Elixirs, Ciencia Labs, Hello Again and VetCBD, among others. CEO Jason Vegotsky acknowledged his company's new investors brought expertise from highly regulated industries.
IRVINE, Calif., July 18, 2023 (GLOBE NEWSWIRE) — Petalfast, a route-through-market platform for the cannabis industry, announced its partnership with Lime…
Petalfast, a route-through-market platform for the cannabis industry, entered into partnerships with Ciencia Labs, Hello Again and VetCBD. The brands join a growing portfolio represented by Petalfast throughout California and expand its breadth of cannabis products offered nationwide.