CBD beverage company Infuzed Brands has secured $8.6 million in Regulation A+ funding from an undisclosed investor.
Founded in 2019, Infuzed Brands produces a range of sugar-free, zero calorie CBD sparkling waters, Infuzed Thirst.
This latest investment comes through an ongoing Reg A+ funding round, which is open to the general public and not just accredited investors. The undisclosed partner is said to be a private family office with experience in packaged consumer goods.
“This is a huge vote of confidence in our company from some very ‘smart money’ looking to align itself with one of the most promising CBD beverage brands on the market,” said Jigme Love, president of Infuzed Brands.
“Having this strong partner in the CPG space opens doors for joint ventures, a massive and accelerated increase in distribution, and more vertical integration for Infuzed Brands.”
Infuzed Brands says the capital raised in the round will be spent on marketing, investments, sales, strategic supply chain partnerships, and securing additional distribution channels.
This latest financing push follows a Regulation D round, in which the company raised approximately $2 million privately from a group of accredited private investors.
© FoodBev Media Ltd 2020
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