We are thrilled to announce our Series A funding and share the press reactions.
Confident Cannabis, the only cannabis wholesale platform powered by verified lab data, raised $12 million in Series A funding, bringing their total to over $18 million since inception. The new Series A funding will help accelerate growth at Confident Cannabis and expand Wholesale to new markets. The round was led by San Francisco-based Poseidon Asset Management, one of the most well-respected cannabis venture funds. The round included follow-on participation from Bullpen Capital, Y Combinator, Base Ventures, and new investment from FJLabs, a leading marketplace venture investment fund, and Innovating Capital, a recently-launched technology fund in NYC.
Confident Cannabis, a maker of tools that help businesses test, sell and buy wholesale cannabis, has excellent news to brighten up the spring: The Palo Alto, California-based company raised $12 million in Series A funding, bringing their total tally to over $18 million. Cannabis-focused investor Poseidon Asset Management led the round with participation from Bullpen Capital, Y Combinator, Greenfield Global Opportunities Fund, Base Ventures and FJLabs.
We are happy to forge forward and pioneer in this new space and are grateful to our investment partners and the media for making this possible.