North East deals of the week: investment, funding and acquisitions business-live.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-live.co.uk Daily Mail and Mail on Sunday newspapers.
Assam Based Home Decor D2C Brand KraftInn Secures Funds inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.
Cannabrew smashes £200k crowdfunding target Cannabidiol (CBD) craft brewer Cannabrew has smashed its crowdfunding target, raising £200,000 in less than 24 hours. It joins a string of beverage brands boosted by similar campaigns. Drinks firm Square root smashed its successful crowdfunding campaign, raising £340,000. The drinks maker went ton to secure a £1.4m investment from the North East Venture Fund. Cannabrew said it would use the funding to grow its network of off-licenses and develop supermarket relations. It also plans to make its craft beers available in keg form to supply the hospitality sector, which has begun to reopen post COVID-19 lockdown. The brewer is also pressing ahead with plans to recruit and expand, with the ultimate aim of being listed by a major UK supermarket.