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Connected Cannabis Raises $30M In Round Led By Navy Capital, One Tower Group; Plans National Expansion

Cannabis cultivator
Connected International Inc., also known as Connected Cannabis, confirmed Wednesday it has completed a $30 million capital raise.
What Happened
The raise consisted of debt and equity financing.
It was led by current investors Navy Capital and One Tower Group, who welcomed new investors, such as Emerald Park Capital, an affiliate of Bryant Park Capital, and Presidio View Capital.
We re thrilled to bring Emerald Park Capital and Presidio View Capital into the Connected family and welcome back our long-term partners that have supported our company s mission from the very beginning, Sam Ghods, CEO of Connected, stated.
Why It Matters ....

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West Coast Grower Connected Cannabis Raises $30 Million

April 14, 2021 at 9:28 am
Published by NCV Newswire
Connected Cannabis Co. Announces $30 Million Capital Raise
Funding will fuel Connected’s national expansion into promising markets beyond California and Arizona for cannabis production at scale
SACRAMENTO, Calif., April 14, 2021 /PRNewswire/ Connected International Inc. (“Connected Cannabis Co.” or “Connected”), a premier cannabis cultivator, retailer and market leader in California, today announced the closing of a $30 million capital raise consisting of debt and equity financing. The round was led by existing investors Navy Capital and One Tower Group with participation from new investors Emerald Park Capital, an affiliate of Bryant Park Capital, and Presidio View Capital. ....

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Connected Cannabis Co. raises $30 million to bring its designer weed strains to more states – TechCrunch

Connected Cannabis Co. raises $30 million to bring its designer weed strains to more states
Connected Cannabis Co. was founded in 2009 and has since grown to become a leading cultivator of designer cannabis strains. Today, the company announced $30 million in debt and equity financing. This comes after the company raised a $25 million Series A in 2019. The new round was led by existing investors including Navy Capital and One Tower Group. Emerald Park Capital, an affiliate of Bryant Park Capital, and Presidio View Capital also participated.
Currently, Connected Cannabis Co. operates cultivation and retail facilities in California and Arizona. With the additional financing, it intends to expand elsewhere. The company says it plans on focusing on states with robust cannabis cultures and promising outlook for growth such as Nevada and Michigan. ....

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