Canopy Rivers invests in cannabis beauty brand High Beauty
Canopy Rivers has invested in High Beauty Inc, a Santa Rosa, California-based cannabis-infused beauty brand. Canopy subscribed for US$2.5 million of shares in the company, giving the investor an 18.4 percent interest. Founded in 2018, High Beauty is the creator of high, a skincare product formulated using cannabis sativa seed extracts in combination with other ingredients. The funds raised will support the development of a new product line. Canopy is the venture capital arm of Canadian cannabis producer Canopy Growth Corp.
16 April 2019•3 mins read
