Cannabis beverage company State B partners with Young America Capital
By Food in Canada staffBusiness Operations Beverages cannabis ready to drink
State B Beverage Co., a cannabis-infused functional beverages company, is partnering with Young America Capital, an investment bank based in Mamaroneck, New York. The bank specializes in serving the needs of early stage and middle-market companies.
Young America Capital is a FINRA regulated broker dealer consisting of 65 bankers across the US, as well as in Europe and the Caribbean, approximately 20 of whom are seasoned professionals in the cannabis and hemp market. With hundreds of investors in the cannabis/hemp industry, they have established relationships with public cannabis companies, corporations and MSOs.
State B is a subsidiary of Brujera Elixirs, Inc., a family of brands that includes a line of concentrated herbal tonics for the mixology market called Boozewitch, a line of sparkling functional beverages called Elevé (to be released in July 2021) and a medicinal mushroom beverage called Shroom Boom (to be released in January 2022). State B hopes to merge three trending elements in the international beverage category, functional, botanical and cannabis, to create five different ready-to-drink beverages.
State B is set to launch in California at the end of May and Canada at the beginning of June, 2021.
“As we go to market, it is absolutely wonderful to have the capable and respected team at Young America Capital work together with us to launch our new brands,” says Kelly Woods, CEO, Brujera and State B. “Working together will provide us with welcome support in our capital raise so that our team can focus on building the brands across North America.”
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