Enlighten the multi layered cannabis based technology company, has announced today that it has finalized and closed its oversubscribed series B round of funding which totals an amount well over their estimated $6.5 Million USD. The funding was led by specialized investment managers Tuatara Capital LP, who focus on giving their support to high growth potential companies that are involved in the legal cannabis sector. The series B funding for Enlighten not only beat their target estimates, but also brought them a new strategic investment partner Arcadian New Venture Fund.
Enlightenment are already known as one of the most well-funded Cannabis technology companies in the industry and have stated that with the recent series B funding the company will be able to further increase and expand their Enlighten TV network, finalize new data solutions, new technology and expand on their highly anticipated Wellness division.
Enlighten Wellness division is mainly focused on a broad spectrum of the medical uses and applications of cannabis and its derivatives. Jeremy Jacobs the chairman and CEO of Enlighten has said in a recent note to investors that "Having already solidified our company as the world leader in place based cannabis advertising, we will strive to continue to innovate and build upon our marketing and technology solutions to ensure that this rapidly growing industry has a robust platform to reach and educate the cannabis consumer. We feel strong about our market position as the industry continues to mature and know that this capital infusion will allow us to continue to grow and serve the industry."
A huge boost for Enlighten, and another great story to come out of the ever growing cannabis industry. Investors have shown a lot of interest into the expanding space of cannabis and moving forward into the midway point in 2019 we can expect more big moves in the space.
Enlighten is the first full scale enterprise solution in the cannabis space. Enlighten is managed by a team with a collective 20 years of experience serving Fortune 500 companies, first-class retailers and top-end brands all over the world, brings cutting edge retail technology to the cannabis industry. With an education forward approach, Enlighten helps its partners grow their brand and build relationships with their customers through a variety of solutions. Its technology solutions are intended to increase revenue and awareness and keep customers engaged. As an aggregation of several notable companies from both inside and outside of cannabis, Enlighten is one of the most well-funded, wide reaching and longest tenured companies in cannabis. For more information regarding Enlighten please visit getenlightened.io.
Samuel Xing – AMT Associates