Cannabis-infused edibles are having a moment as much of the US digs itself out of the pandemic.
Edibles sales grew by more than 60% across seven state markets in 2020, according to data provider Headset. Edibles, particularly the lower dose varieties, are seen by many consumers as a healthier way to de-stress from long days working from home compared to smoking marijuana or drinking alcohol.
To capitalize on that trend, Hervé, a Toronto-based maker of what CEO and founder Sebastien Centner calls “luxury” infused edibles, closed a $3 million Series A funding round in May. Sol Global Investments led the round and private investors such as family offices and high net worth individuals also participated.
Centner declined to disclose the other investors to protect their privacy and the company declined to provide its valuation.
Hervé founder Sebastien Centner. Herve
Centner says Hervé’s products, including lower dose, THC-infused macarons, are deliberately targeted toward higher-end consumers,
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