Civilized Worldwide Closes On $1 million of Its Series A Private Placement
Los Angeles, CA (May 1, 2017) – Civilized Worldwide Inc., (“Civilized” or the “Company”) a premium digital media and lifestyle brand that elevates cannabis culture, announced today it that it has closed on $1 million of its Series A Private Placement. The Company is able to raise up to $3 million in this capital raise.
“This is another milestone for our company,” says Derek Riedle, Publisher of Civilized. “Investors are seeing the business opportunity as policies across North America continue to evolve, bringing responsible, recreational cannabis use into the mainstream.
“Civilized is the platform for brands to engage with motivated, productive adults who are leaving the cannabis closet,” adds Mr. Riedle. “Brand wars are about to begin as companies try to win their loyalty, and Civilized will be a mainstay.”
Civilized is aggressively implementing its monetization strategy across three separate but integrated business streams: its digital publication, civilized.life; Civilized Studios, which produces multi-platform, broadcast-quality branded entertainment; and Civilized Events, which hosts unique experiences for Civilized audiences.
Viridian Capital Advisors of New York City, through its broker dealer Pickwick Capital Partners, LLC, has been working with Civilized since March 2016 to build its board and secure its Series A round of investment. Scott Greiper, President and Founding Partner of Viridian, says businesses in the cannabis space should continue to enjoy strong growth on the heels of successful cannabis-related ballot initiatives in the U.S. in 2016, and pending Canadian legislation to recreational legalization in 2018. “According to Bloomberg, cannabis is the fastest-growing industry in North America,” says Mr. Greiper.
Cannabis is medically legal in 29 U.S. states and recreationally legal in eight states, including California and Washington D.C. Medical cannabis has been legal in Canada since 2001, and recreational cannabis will be legalized nationwide in 2018.
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Viridian Capital Advisors, LLC