In 2019, Coda announced a $24.4 million round of Series A funding and launched operations in California several months later, opening a 20,000-square-foot facility in Oakland. The company hasn t announced another funding round since, but three of its four early investors Granite Hall Partners, Gotham Green Partners and Salveo Capital were reportedly responsible for Coda s latest cash infusion.
The announcement quotes Lisa McClung, who replaced co-founder Mark Grindeland as Coda CEO and president last fall: “This is a very exciting time to be part of the cannabis industry, and I believe Coda is well-positioned to play an important role in introducing new consumers to cannabis by making it accessible and helping them discover the unlimited potential of the plant’s benefits to improve their lives.