Cove Kombucha, Canada, closed a $1.2 million seed fundraising round led by Canaccord Genuity Wealth Management, a Canada-based investment bank.
“This investment round will empower us to share our better-for-you beverages with even more people. The funding brings more innovative freedom, the ability to hire talented people and will allow us to launch Canada’s first ever CBD Kombucha. We believe this is the beginning of New Age beverages 2.0,” says John MacLellan, co-Founder and CEO.
“The kombucha market is quickly maturing and transitioning from a specialty food and beverage product to fridge staple for many Canadians,” says John MacLellan, chief executive officer.
Cove developed a full spectrum CBD-infused kombucha due to be released in December.