California Edibles Company Raises $1.25M for Expansion

An increasing number of marijuana companies are landing seven-figure financing deals these days as the industry gains legitimacy, and California-based edibles manufacturer Auntie Dolores is now among them.

The company announced Monday that it has closed a $1.25 million round of financing to accelerate its expansion across California and eventually help it expand into new states.

“This capital will allow us to take Auntie Dolores to the next level by helping patients access the high-quality cannabis-infused products they need in legal markets all over the country,” the company’s CEO, Julianna Carella, said in a press release.

The fundraising round was

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California Edibles Company Raises $1.25M for Expansion is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs