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California Dreamin' Raises $2.3 Million to Take on the Beer Industry

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California Dreamin' Raises $2.3 Million to Take on the Beer Industry

All natural, low dose cannabis soda brand to use funding to increase production and expand distribution of its healthier alternative to beer

PR Newswire

SAN FRANCISCO, July 30, 2018 /PRNewswire-PRWeb/ -- Today, California Dreamin', the all natural cannabis alternative to beer, announced $2.3 million in funding from Y Combinator, first investor in Airbnb and Dropbox, Paul Buchheit, creator of Gmail, Justin Wong, former Twitch VP, and other top investors. This investment will help the company aggressively expand production and distribution across California to meet increasing consumer demand.

"We're very lucky to have found so many amazing investors that recognize the huge potential of the cannabis industry and share our vision of introducing mainstream consumers to cannabis through low dose, all natural cannabis sodas. The investors we were able to bring on, like the creator of Gmail, Paul Buchheit, really signal a shift in attitude towards the industry," said Amy Ludlum, California Dreamin' CEO and Cofounder. "After graduating from the highly competitive Y Combinator accelerator in March, we've made an incredible amount of progress in spreading brand awareness and generating demand, and now it's time to meet that demand with our new funding."

California Dreamin' produces a line of low dose, all natural cannabis sodas that come in the following flavors: Tangerine, Grapefruit, Pomegranate and Cranberry Apple. Consumers feel the results of California Dreamin' in as little as 20 minutes thanks to a proprietary production process and cannabis tincture. With all natural ingredients and no gluten, added sugar, or preservatives, California Dreamin' offers a healthier alternative to drinking beer.

California Dreamin' has certified child resistant packaging, is fully compliant with California regulations and is available for distribution to licensed cannabis retailers across California.

"As one of the only fully compliant cannabis brands with certified child resistant packaging right now, we're seeing an enormous amount of demand from consumers and retailers, far exceeding our expectations. We're very excited to dramatically build out our production capabilities to meet this demand," said Peter Bishop, COO and Cofounder of California Dreamin'.

About California Dreamin'
Amy Ludlum and Peter Bishop launched California Dreamin' in 2017 to offer the world a healthier alternative to beer. California Dreamin' cannabis sodas use only the finest natural ingredients and are free of gluten, added sugar, and preservatives. California Dreamin' comes in four delicious flavors: Tangerine, Grapefruit, Pomegranate and Cranberry Apple. For more information, please visit California Dreamin' at http://www.drinkdreamin.com.

 

SOURCE California Dreamin'

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