Dixie Brands, a marijuana-infused products maker in Denver, landed $4 million in its latest funding round.
Dixie Brands CEO Chuck Smith said the money will be used for product and distribution expansion, according to BusinessDen.com.
The funding was disclosed in a mid-April filing with the U.S. Securities and Exchange Commission. The filing didn’t identify the investors.
The funding is the first secured by Dixie since co-founder Tripp Keber stepped down as CEO in December.
In 2014, the company closed on its first major funding round for $8 million.
The investment underscores continued growth in the cannabis-infused products sector.
In early April, California-based cannabis infused products manufacturer Plus Products closed on a nearly $6 million Series B capital raise, led by Toronto-based Serruya Private Equity Partners and New York-based Navy Capital Green Fund.
Serruya has also invested in global ice cream and frozen yogurt brands such as Cold Stone Creamery, Pinkberry, Swensen’s and Yogen Fruz.
