Sparx Cannabis, a Salinas, Calif.-based vertically-integrated, family-owned and California-grown cannabis lifestyle company, raised $10m in Series A funding.
The backers were not disclosed.
The company plans to use the funds to:
– build-out and management of a manufacturing building called Sparx Distillery and the build-out of a distribution center.
– further their reach within the state of California to serve more customers, promoting the Sparx Cannabis brand,
– employ more residents of California’s central coast as additional employees, as well as
– upgrade and run current cultivation sites.
Led by Co-Founder and President Jared Helfant, Sparx Cannabis is a vertically-integrated, family owned and operated cannabis cultivation and distribution company. With multiple cannabis business licenses and over 100,000 square feet of operational space on the Central California Coast, the company is a premium flower producer for the everyday cannabis consumer.