Cannabis brand Tokyo Smoke closes initial $4 mln Series B
Tokyo Smoke, a Toronto-based cannabis lifestyle and retail brand, has raised $4 million in the first close of its Series B financing. The round, which is expected to this month exceed $5 million, was led by Aphria Inc, a Canadian medical cannabis producer, and Green Acre Capital, a Canadian cannabis-focused private investment firm, and joined by new and existing investors. Tokyo Smoke earlier this year said it was partnering with Aphria to release several branded cannabis strains. The announcement was made at the time of its $3 million Series A round. Tokyo Smoke was founded in 2015 by CEO Alan Gertner and Chairman Lorne Gertner.
3 August 2017•3 mins read
