TMCnet News
Cannabis Tech Giant Announces Close Of Series B Round Of Funding To Expand FootprintNEW YORK, June 12, 2019 /PRNewswire/ -- Enlighten, a multifaceted cannabis technology company, has announced today that it has closed an oversubscribed Series B round of funding in a total amount in excess of $6.5 million led by Tuatara Capital, L.P., a specialized alternative investment manager focused on supporting high-growth companies in the legal cannabis industry. The Series B funding also brought in a new strategic investor in Arcadian New Venture Fund, L.P. Already one of the most well-funded cannabis technology companies, Enlighten management indicated that this round of funding wil allow it to further expand the Enlighten TV network, finalize new technology and data solutions and expand its Enlighten Wellness division, focused more broadly on alternative health. "Having already solidified our company as the world leader in place based cannabis advertising," said Chairman and CEO, Jeremy Jacobs, "we will strive to continue to innovate and build upon our marketing and technology solutions to ensure that this rapidly growing industry has a robust platform to reach and educate the cannabis consumer. We feel strong about our market position as the industry continues to mature and know that this capital infusion will allow us to continue to grow and serve the industry." About Enlighten: Related Links
View original content to download multimedia:http://www.prnewswire.com/news-releases/cannabis-tech-giant-announces-close-of-series-b-round-of-funding-to-expand-footprint-300865561.html SOURCE Enlighten |