Burb Cannabis Corp. ("Burb" or the "Company"), a global cannabis lifestyle brand and high-end retailer with branded products and apparel, has successfully closed its $4M Series A funding round, led by Connecticut-based private equity group KarpReilly .
The Company also closed the round with participation from American record label 300 Entertainment CEO and Co-Founder Kevin Liles. Burb plans to deploy this capital to increase its network of cannabis retail stores in British Columbia (BC) and to support the
launch of its private label, Burb-branded cannabis products across Canada and into California.
The funding round closes on the heels of the Company's newly signed consumer packaged goods (CPG) brand licensing agreements with Canadian cannabis producers Citizen Stash (TSXV: EXP ), and California-based cannabis group Martin Holdings, Founded by American Rap Artist, Songwriter and Entrepreneur Jason "Problem" Martin.
"We're pleased to have launched our first Burb flower SKUs in the province of Ontario, with strong retail and consumer demand, as well as consistent sell-through and re-orders from the OCS," said Co-Founder and CEO John Kaye.
"Our next milestone will be to release our first two proprietary flower genetics into the Californiamarket with our California partners this month at Hall of Flowers in Santa Rosa on September 22nd," added Kaye…
