Former NBA star Al Harrington’s cannabis brand Viola reported Wednesday the closing of a $13 million equity funding round. The California-based DelMorgan & Co. acted as an exclusive strategic transaction advisor to Viola in connection with the transaction.
This latest round of funding enables Viola to expand into several key new markets, including Pennsylvania, Illinois, New Jersey and Maryland, and to continue conducting strategic marketing initiatives, further positioning the company within the space.
"We're looking forward to a big 2022. The team at DelMorgan has always supported our vision and continues to be great partners for us as we bring Viola to new markets," Harrington, co-founder & CEO of Viola said.