Tech Company Financing Transactions
Cannect Wellness Funding Round
Cannect Wellness closed a $7 million financing round on 10/8/2024. Backers included private investors.
Transaction Overview
Company Name
Announced On
10/8/2024
Transaction Type
Venture Equity
Amount
$7,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to increase its production capacity, expand its product portfolio, double the size of its team, and launch new brands and evaluate other expansion opportunities that align with its mission of providing the best cannabis experiences for consumers in Illinois.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
805 Lake St 397
Oak Park, IL 60301
USA
Oak Park, IL 60301
USA
Phone
Undisclosed
Website
Email Address
Overview
Cannect is a leading cultivator and manufacturer of premium, craft cannabis products. our commitment to excellence is evident in every step of our process, from cultivating the finest flower using sustainable, organic methods to manufacturing premium products that highlight the natural beauty and potency of the plant. we are dedicated to minimizing our environmental impact and ensuring that our customers receive only the purest and highest quality products available.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Gabe Singal
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Where The Data Comes From
We do our best to report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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