Growth-stage venture capital in the cannabis and CBD industry is getting harder to come by. So Integrated CBD raised debt.
- Integrated CBD, an industrial-scale hemp oil manufacturer, closed a $50 million funding round on Tuesday.
- The company raised from a mix of debt and equity investors.
- CEO Patrick Horsman told Business Insider why taking on debt was advantageous for a growing CBD company.
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For CBD companies, growth stage equity capital is getting harder to come by.
That’s why Patrick Horsman, the CEO of Integrated CBD, an industrial-scale hemp oil manufacturer, took a novel approach in fundraising. He took on debt.
Integrated CBD closed a $50 million funding