German Media Pool was among the participants in a $44.2m round that will fund the building of the cannabinoid product developer's production and research facility.
Germany-based cannabinoid product developer Sanity Group completed a $44.2m series A round yesterday that included German Media Pool, the ad-for-equity VC firm backed by a range of domestic media companies.
VC firm Redalpine led the round, which was also backed by investment adviser Navy Capital and cannabis-focused investment fund SOJE Capital.
Sanity offers cannabinoid pharmaceutical, cosmetics and wellbeing products, and it will channel the funding into expanding its pharmaceutical division and constructing a research and manufacturing hub.
Calyx and HV…
