CBD startup Trip raises $5 million as it plans US expansion

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In February, South West Brands, a consumer CBD company, announced a 1 million-pound raise. Sanity Group, the German startup that owns the Vaay CBD brand, announced a raise of 5 million euros, or about $6 million, in March.

Ferdi added that"the UK and European market in particular has accelerated beyond anyone's expectations." Ferdi declined to share specific revenue numbers but said Trip's sales had increased by 400% in the first month of the pandemic with double-digit growth every month since. Raga said she invested because"Gen Z's attitudes to lifestyle and well-being" were becoming more important and Trip was"positioned to continue to drive connection in this space."

 

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$CBX has David Beckham behind it. Only going to be 1 winner here

HarvardBiz business markets I am dying to go on a TRIP with someone. Been a while. And been a lot of months/years. Simply waiting for the lockdown to end.

👏👏👏👏👏

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