California cannabis beverage brand Uncle Arnie's has launched a crowdfunding initiative through SeedInvest.

The brand launched its Regulation CF campaign on Dec. 12, and it will be live until Jan. 27. SeedInvest is an equity crowdfunding platform with more than 600,000 investors in its network. It has raised more than $350 million for startups since its launch in 2013.

"We are very particular who we work with," said SeedInvest CEO Ryan Feit. "We don't fund ideas and we don't fund projects. We have raised from a half-million dollars to over $20 million, supporting everything from Seed through Series C."

As of Jan. 2, Uncle Arnie’s had raised nearly $227,000. The brand was founded with the goal of creating an accessible cannabis beverage brand that appeals to a broad audience.

"We are excited about the growth potential for the cannabis beverage industry and the role that Uncle Arnie's is playing in it," said Theo Terris, CEO of Uncle Arnie's. "With our strong brand identity and focus on innovation, we are well positioned to take advantage of this growth and become a major player in the cannabis beverage industry."

Since its launch in May 2020, Uncle Arnie's has sold over one million units. In the past year, the brand’s revenue has grown by over 200% year-over-year and was expected to continue growing by 100% in 2022.

Uncle Arnie's says it has seen significant demand in the past month, with more than 400 orders from retailers in California and Oregon, including MedMen, Cookies, Stiiizy, Eaze, andUrbn Leaf.

In the fourth quarter of 2022, Uncle Arnie's expanded to Oregon. It has signed expansion deals for Michigan in the first quarter of 2023 and Nevada in the second quarter of 2023. The company is also in negotiations for expansion in Colorado, Arizona and New Mexico this year.

Want more legal cannabis market news and information?
Join Cannabis Products on Facebook, Twitter, YouTube, and LinkedIn today!