Cura Partners, Inc., a Portland, Ore.-based cannabis company, has completed a private placement funding round of approximately $75m.
The company also completed a $45m private placement in July 2018.
The company intends to use the funds for product development, brand marketing, leadership talent and operational infrastructure.
Established in 2015 and led by President and Chief Executive Officer Cameron Forni, Cura Partners is the parent company of Cura Cannabis Solutions and its affiliates, providing flavored cannabis oil in legal U.S. and international markets.
In addition to Oregon, the company has a large presence in Nevada, California, Arizona and soon additional states and locations across North America and around the world.
Since founding in 2015, Cura Partners has raised more than $125m in private capital and is on pace to generate sales in excess of $120m in 2018. This latest capital raise included investments from cannabis industry institutional investors in North America, Europe, Asia, Australia and the United Kingdom.