Petalfast Inc., an Irvine, CA-based sales and marketing company for the cannabis industry, raised $2.8m in Series A funding.
The round was led by Merida Capital Holdings.
The company intends to use the funds to expand its business reach in California and beyond.
Led by CEO Jason Vegotsky, and COO/General Counsel Arun Kurichety, Petalfast is a sales and marketing company which provides cannabis brands to achieve growth via its go-to-market accelerator program in California, and through agency services available to brands nationally. Brands already engaged in its platform include Wana, Space Coyote and Smarty Plants.