bud.com, a California benefit corporation delivering recreational cannabis, raised $1m in seed funding.
The round was led by Serruya Private Equity.
The company intends to use the funds for staffing and marketing and for the expansion of its delivery areas, which have grown to include much of the Bay Area. New locations in California, including Sacramento and Southern California, will be announced later in October, with further expansion expected in 2019.
Led by Dean Arbit, CEO, and Justin Hall, CTO, bud.com provides consumers in California with recreational cannabis delivery. The company works with licensed regional dispensary partners to establish local bud.com delivery and a co-curated menu representing both distinct local fare as well as statewide premium brands.
Lat week, bud.com also announced the launch of an exclusive brand partnership with Cypress Hill, which has launched a new cannabis brand named Cypress Hill Bhang in partnership with Bhang, a purveyor of cannabis chocolates, vapes, and oils.
Cypress Hill selected bud.com to serve as the exclusive partner selling CHB online. The CHB products include ultra premium flower strains in a collectible crystal skull jar with the iconic Cypress Hill bucket hat. The second product is a cassette tape stash box containing 6 premium pre-rolls and is available in two custom styles: a rare homage to the new Elephants on Acid album and a classic, old-school version.