Flow Kana, a Mendocino County-based cannabis company that sells prerolled joints and flowers grown on small farms throughout Northern California, announced a $125 million infusion of capital Thursday to fund its ambitious growth plans.
The company touted the investment as the largest private funding round in history for a privately owned cannabis company in the United States.
The money will allow Flow Kana to finish building its manufacturing facilities on the former Fetzer Vineyards ranch in the Redwood Valley and add cannabis-infused oils, tinctures, vapes and topical ointments to its product line, said Michael Steinmetz, co-founder and chief executive officer. The company, which currently only produces marijuana flowers, will also expand its distribution reach throughout the state.
Published at Mon, 18 Feb 2019 17:10:00 +0000