Coda Signature Announces Funding Round to Support Growth

DENVER–(BUSINESS WIRE)–Coda Signature, maker of premium, award-winning cannabis-infused gourmet edibles and sensory products, has announced a new funding round to help the company attain its immediate objectives. Led by its current investors, Granite Hall Partners, Gotham Green Partners and Salveo Capital, the company has an additional $6M to put towards North American expansion, R&D of new technologically innovative products, and to bring new expertise into the Coda team.

“We are buoyed by the leadership and direction being provided by CEO Lisa McClung, who has brought CPG discipline and corporate best-practices to Coda,” commented Jim Flanigan, Co-Founder and Managing Director, Granite Hall Partners. “The company is well-positioned to leverage its legacy of technological innovation to bring new products to market and for rapid expansion into new states.”

McClung, who joined Coda as a Board Member in March 2020 and was named CEO in October 2020, brings 25 years of business success directing the growth of successful brands. Notable accomplishments include supporting the most significant product expansion in company history while at the William Wrigley Jr. Company and developing three ecommerce business units for the General Electric Company that were spun-off into a stand-alone public company, GE Healthcare. Additionally, McClung has served as Board Director for numerous organizations, giving her direct experience in delivering increased value to investors.

“On behalf of the Coda team, I thank investors for their ongoing confidence and commitment,” commented Lisa McClung, President and CEO, Coda. “This is a very exciting time to be part of the cannabis industry, and I believe Coda is well-positioned to play an important role in introducing new consumers to cannabis by making it accessible and helping them discover the unlimited potential of the plant’s benefits to improve their lives.”

About Coda Signature
Coda Signature crafts premium cannabis-infused edibles and topicals for medicinal and adult-use markets. Founded in 2015, CODA was a pioneer in using technological innovation, coupled with confectionary artistry and natural ingredients, to create high-end products that delivered the benefits of cannabis with the sensory experience of elegant confections and sophisticated body products. Coda Signature’s products are available in over 800 dispensaries across Colorado and California, with planned expansion into other emerging markets in North America. Recognized as a product and manufacturing innovator, Coda Signature has received dozens of industry awards across all of its product categories, including Forbes’ Best Startup Employers 2020; 2019 California Emerald Cup; 2019 High Times Colorado Cannabis Cup; 2019 MJBizDaily Awards finalist in the U.S. Market Leader category; and Leaflink’s 2019 Best-Selling Products list. The company holds licenses in Colorado (404-00507 and 404R-00134) and California (CDPH-10003091 and C11-0000027-LIC).

Contacts