Rocky Mountain High Brands Inc (RMHB)

[vegasandre]

in researching CANN I liked this part:

Cannabis-Infused Social Tonic Brand Cann Completes $5M Funding Round
Nina Zdinjak , Benzinga Staff Writer

Cannabis-Infused Social Tonic Brand Cann Completes $5M Funding Round
Cannabis-infused tonic brand Cann announced Tuesday it has finalized a $5 million seed funding round, to support its 2020 development in California and across other new states.

The funding round was co-led by Imaginary and JM10 Partners and joined by Navy Capital, GlobalFounders Capital, Cresco Capital, Brian Spaly of Bonobos and Trunk Club, among others.

The company said it plans to use the funding to help its fast growth into new legal state markets, and to broaden both its production capacity and product development.

Cann contains 2mg of THC and 4mg of CBD, it is a non-alcoholic and low-calorie beverage. It offers a quicker effect that traditional cannabis edibles, providing “a feeling of vigor and well-being in about 10 minutes,” the company said.


RMHB needed to do a private funding deal instead of selling stock deal to fund their operations. that has always been the biggest challenge with RMHB.