CLEVELAND, DENVER, and LOS ANGELES, Nov. 3, 2015 /PRNewswire/ -- FunkSac, the leading cannabis packaging enterprise specializing in odor-barrier and child-resistant technology, has acquired financial backing by Casa Verde Capital, a venture capital firm whose focus is high-growth emerging markets. In addition, FunkSac has created a partnership with Snoop Dogg as a brand ambassador for programs promoting safety and security across FunkSac products.
Casa Verde Capital will expand its cannabis-technology portfolio with this investment by providing funding for the development and expansion of FunkSac's offerings, eco-friendly products made in the USA with FDA-approved materials including the FunkGuard child-resistant packaging, FunkSac cultivation bags and FunkZip personal security bags. Snoop Dogg will also work closely with FunkSac on co-branded and co-developed products for MERRY JANE, a new media platform at the crossroads of pop culture, business, politics, health, and the new generation of normalized, sophisticated cannabis culture for all.
"Casa Verde's investment will enable FunkSac to expand into new markets, further develop our existing odor-free and child-resistant technologies, as well as spread awareness of key safety measures and responsible use," said Garett Fortune, CEO of FunkSac. "Snoop Dogg has also become a fan and avid believer of our products, so we are thrilled about the new partnership with him."
"Cannabis is valuable to me for medical, recreational and creative purposes, but we've gotta store it in a way that's safe and secure," Snoop said. "FunkSac and its products are the most impressive I've seen in the industry. I hope people all over the world realize what a difference these products—made by a veteran owned business—can have on our day-to-day life."
FunkSac's odorless technology and child-resistant features are unmatchable in the $2.7 billion cannabis industry, and have catapulted the brand into high demand with the increase in child-safety regulations across the country.
"Protecting children from unintentional ingestion is crucial as the legal marijuana market continues to expand," Fortune said. "We created FunkGuard, our child-resistant re-closable packaging product, to address this serious issue."
FunkGuard's innovative design, the first of its kind, protects children from accidental discovery and consumption.
FunkSac was created in 2013, when Garett Fortune discovered major gaps in the legal cannabis industry for packaging. He launched FunkSac to pursue this market, and offer a line of products that the industry desperately needed. To learn more about FunkSac and its mission to provide secure and strong packaging to medical and recreational markets, please visit www.funksac.com.
About FunkSac FunkSac is a veteran-owned business based in Denver, Colorado, with manufacturing throughout the state of Ohio. The company is committed to providing the best customer service and compliant packaging solutions for the legal cannabis industry, both medical and recreational markets. For more information, visit www.funksac.com, join the conversation on Facebook or follow the company on Twitter.
About Casa Verde Capital Casa Verde Capital is a pioneering venture capital firm that makes seed and growth-stage venture capital investments in innovative, high-growth, market leading companies in targeted industries. Casa Verde deploys capital across various industry verticals, including media, technology, agriculture, health, wellness and consumer products including those companies that will bring the highest level of integrity, excellence and legitimacy to flourishing, emerging industries.