Cann

Cann is a US-based company focused on producing cannabis-infused beverages that provide a mindful alternative to traditional alcoholic drinks, appealing mainly to health-conscious consumers and social drinkers. Cann specializes in crafting cannabis-infused beverages and operates out of Brooklyn, US. Founded through individual initiatives, it has pursued a unique niche in the beverage market. Cann raised USD 5.

00 mn in Seed funding on January 21, 2020, co-led by Imaginary Ventures and JM10 Partners, along with participation from Navy Capital, Global Founders Capital, and Cresco Capital Group. The firm has raised a total of USD 5. 00 mn to date. Cann produces a range of cannabis-infused beverages featuring low doses of THC and CBD.

Their primary products include the Naked Hi Boy and Cann Hi Boy, which are designed to offer a refreshing alternative to sugary cocktails and sodas. The beverages are made with all-natural flavors, fresh citrus juice, and 100% agave nectar. Cann primarily markets to adults over 21 in states where cannabis is legal, targeting health-conscious consumers and those seeking a sociable cannabis experience. Cann generates revenue through direct-to-consumer sales and subscription services, allowing customers to order products online.

The company offers subscription plans that encourage repeat purchases. Key products are sold in varying THC dosages to cater to diverse customer preferences. Cann also partners with retailers and wholesalers to extend their market reach, emphasizing a transparent pricing strategy to foster customer understanding of product costs. Following a Seed funding round of USD 5.

00 mn in January 2020, Cann plans to utilize the funding to expand its presence across California and into additional states by the end of 2020. The company is also working on launching new products to enhance its beverage line and attract a broader customer base.