Marijuana Business Magazine January 2020

January 2020 | mjbizdaily.com 23 Canadian edibles marketplace. Binske products will now be available in more than 1,000 retail stores, including at least one in every Canadian province and 12 U.S. states. Female-Focused Marijuana Firm Raises $8 Million Kikoko , an Emeryville, California, company that produces cannabis-infused teas and products for women, closed an $8 million round of Series A funding led by Bengal Capital . FlowKana , Kikoko’s distributor and supply-chain partner, also participated in the round, which brings Kikoko’s total funding to $14 million to date. Kikoko will use the funding to expand personnel, launch new products, deepen retail relationships and build out its direct-to-consumer sales platform. Old Pal, New Market Old Pal , a Los Angeles-based cannabis cultivator and lifestyle brand, expanded to Washington state. The 18-month-old company partnered with Artizen , a cannabis company in Lacey, Washington, for distribution and will initially sell eighth- and quarter- ounce packages of preground flower at five retailers. Nasdaq Approves Grow Equipment Chain Denver-based GrowGeneration began trading on the Nasdaq on Dec. 2, after the stock exchange approved the cultivation equipment chain for listing. The company, which trades as GRWG, has 25 stores in seven states, including California, Colorado, Maine, Michigan, Oklahoma, Rhode Island and Washington. The company also conducts online sales. Cresco Launches Incubator for Social Equity Entrepreneurs Chicago-based Cresco Labs has launched an incubator program targeting social equity applicants interested in opening retail cannabis dispensaries. At press time, Cresco Labs had engaged 35 groups of applicants looking to establish businesses in the Illinois marijuana market. The application series covers general processes including developing an Cal Industry Great OppOrtunity! LARGE CANNABIS CULTIVATION COMPANY LOCATED IN SOUTHERN CALIFORNIA