Edibles Maker Dixie Brands Could Be Whistling into New Markets With $4M Capital Infusion | Marijuana
Armed with $4 million in fresh Canadian funding, Dixie Brands, a Denver, Colorado-based Edibles maker, is planning on expanding product distribution as part of a push over the next year to expand into a half-dozen or more new states.
The recently revealed investment, led by Canadian venture firm Hillcrest Merchant Partners, appears to be another clear signal of two emerging trends in the cannabis industry.
Edibles and infused products are growing in popularity and Canada is becoming a big international player in the marijuana sector.
The funding for Dixie follows a cash infusion of $6 million in April for Adelanto, California-based Plus Products. And Canadian firm INDIVA announced in April 2018 that it was taking 5 percent stake in edibles maker Bhang, based in Oakland, California.
Dixie CEO Chuck Smith, who filed the form for the funding with the US Securities and Exchange Commission on April 17, 2018, said he sees great growth potential in Edibles by a wider consumer population as the stigma of recreational cannabis use continues to burn away.
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