Tokyo Smoke bumps up Series B financing to $6 mln

Tokyo Smoke, a Toronto-based cannabis lifestyle and retail brand, has increased the size of its Series B financing to $6 million. The round, which is now closed, brings total funding over the past 10 months to more than $10 million. As reported in August, the Series B was led by Aphria Inc, a Canadian medical cannabis producer, and Green Acre Capital, a Canadian cannabis-focused investment firm. Paul Rowan, a founding partner of Umbra, also invested. Founded in 2015, Tokyo Smoke said it will use the funds raised to continue retail expansion, marketing and acquisitions in anticipation of cannabis legalization in Canada.

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