What is Surterra Wellness?
Founded in 2014 and headquartered in Atlanta, Georgia, Surterra Wellness operates as a vertically integrated cannabis company. It offers a diverse portfolio of brands designed to cater to individuals seeking natural medical relief and wellness benefits from cannabis products. With established operations in Florida, Texas, Nevada, and Massachusetts, Surterra provides a wide array of medical, health, and wellness products. These are available in various delivery formats, including vaporizer pens, tinctures, oral sprays, topical creams, time-released transdermal patches, and soft gels, addressing a broad spectrum of consumer needs.
How much funding has Surterra Wellness raised?
Surterra Wellness has raised a total of $215.3M across 6 funding rounds:
Multiple Rounds
$40.3M
Series C
$65M
Series D
$100M
Debt
$10M
Private Equity (2016): $15M, investors not publicly disclosed
Series B (2016): $10.3M, investors not publicly disclosed
Series A (2016): $15M, investors not publicly disclosed
Series C (2018): $65M featuring Wrigley
Series D (2019): $100M, investors not publicly disclosed
Debt (2022): $10M with participation from Sunstream
Key Investors in Surterra Wellness
Sunstream
Sunstream, a company with a background in advanced engineering and marine product innovation, participated in this funding round. Their expertise in mechanical engineering and product development suggests a strategic interest in supporting companies with complex operational needs.
Wrigley
Wrigley, a notable entity in the investment landscape, has contributed to Surterra Wellness's financial backing, signaling a strategic partnership aimed at advancing the company's market position.
What's next for Surterra Wellness?
The substantial enterprise-level funding indicates Surterra Wellness is poised for significant scaling and market expansion. This strategic investment will likely fuel further development of its product lines, enhancement of its operational footprint across existing and new territories, and potentially support research and development initiatives to innovate within the burgeoning cannabis wellness sector. The company's focus on diverse product offerings and vertical integration suggests a strategy aimed at capturing a substantial share of the medical and wellness-oriented cannabis market.
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