Sweet Flower, a Los Angeles, CA-based cannabis retailer, raised $15 in Series A equity funding.
The round was led by AFI Capital Partners, with participation from leaders in retail, media, entertainment and finance.
The company intends to use the funds to expand across California, launch manufacturing and distribution verticals and new retail brand.
The investment positions Sweet Flower to rapidly scale its expansion, including the launch of its flagship store in Culver City, the launch of its manufacturing and distribution vertical hub in downtown Los Angeles, the roll-out of its sub-brand of retail stores in new markets throughout California, and the roll-out of its private label program.
Led by Timothy Dodd, CEO and co-founder, Sweet Flower is a cannabis retailer, with multiple locations throughout greater Los Angeles, including Hollywood, the Downtown Los Angeles Arts District, Studio City and Westwood, with additional new stores slated to open in 2021. Sweet Flower provides delivery across all of Los Angeles through its proprietary branded delivery service.