Consumer Startup Tokyo Smoke Secures $6 Million
Tokyo Smoke announced it has closed $6 million in Series B financing led by Aphria and Green Acre Capital.
Tokyo Smoke is a “modern lifestyle collective providing a home for the creative class” in clothing, coffee, and cannabis. In addition to selling rolling papers, grinders, and hoodies on its website, the company also encompasses a number of high-end coffee bars and head shops, a line of men’s clothing and, with signed, groundbreaking licensing deals, plans to sell legal Cannabis in both the U.S. and Canada within the next six months.
This funding will further empower Tokyo Smoke to increase its retail expansion and put the company closer to achieving its goal of building “the largest cannabis-related retail infrastructure in Canada.”