27 June 2017
Denver, Colorado – Cannabis Venture Capital today announced that it has acquired TOKE from Monetized Investments in exchange for taking over the current debt and future obligations of the brand. CVC will inject $5,000 of working capital to fund equipment and packaging purchases, and Kyle is to remain the Chief Toker.
Kyle, Founder and CEO of Cannabis Venture Capital, said: “TOKE’s Colorado retail footprint, manufacturing processes, equipment and branding give us a highly-scalable, first-mover advantage to deliver the long-anticipated machine-rolled joint to our fellow Tokers.”
HIGHLIGHTS OF THE DEAL
Powered by a collaboration with Colorado’s best growers, TOKE’s platform gives CVC a serious first-mover advantage in the pre-roll market.
Aiming to be the biggest joint-rolling company in the world, our acquisition of TOKE when it had 27 stores was powered by a collaboration with Colorado’s best growers
ABOUT CANNABIS VENTURE CAPITAL, INC.
Cannabis Venture Capital is an early-stage investor with a grassroots approach to investing in the emerging trillion-dollar cannabis industry. Founded by seasoned canna-preneurs and enthusiasts, CVC partners with the same, to build the industry's most recognizable cannabis brands.
ABOUT MONETIZED INVESTMENTS
Founded on years of expertise, Monetized Investments is a start-up cannabis investment firm with strong roots in the legacy market balanced with Fortune 500 consulting experience.
ABOUT TOKE
TOKE is a line of hand-rolled cannabis cigars and crutch-tipped joints. Rolled with single strains and designer blends from Colorado’s finest growers, TOKE’s crutch-tipped pre-rolls give tokers a more consistent smoking experience and a better delivery system than cones.
Cannabis Venture Capital and LED Enterprises announce a joint venture to develop the Sensi Shredder, the first commercial cannabis grinder for pre-rolls and extraction processing.
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