Cannabis Lifestyle Brand Hemper Raises $1M in Seed Funding Round

Hemper, a NYC-based cannabis accessories and lifestyle brand, raised $1m in seed funding.

Evolution Corporate Advisors was the sole investor. Evolution Corporate Advisors’ Gregg Smith has joined the Hemper board.

The company will use the new capital to accelerate sales, marketing and product development as well as expand into new geographic markets.

Launched in 2015 as a curator of monthly, limited-run cannabis accessory boxes, Hemper is a diversified cannabis accessories and lifestyle brand that designs and sells innovative products for the smoking market.
It now has nearly 10,000 monthly subscribers with more than 200,000 boxes shipped to date. Led by CEO Bryan Gerber, CFO Ravjot (RJ) Bhasin and COO Henry Kochhar, the company also designs and manufactures its own smoking products, selling them through its online platform and more than 700 stores nationwide. Retail distribution is expected to reach 3,000 stores by the end of 2019.

Join the discussion