Coda Signature crafts premium cannabis-infused edibles, topicals and sensory products for medicinal and adult-use markets. Founded in 2015, the company was an early adopter of technological innovation combined with confectionery artistry and natural ingredients to produce high-end products. Its products are available in over 800 dispensaries across Colorado and California, and the company holds licenses in both states. Coda plans expansion into other emerging North American markets and will use a recent $6M funding infusion to support expansion, R&D of new technologically innovative products, and to bring new expertise into the team. The company has received multiple industry awards and recognition, including Forbes’ Best Startup Employers 2020 and several cannabis cup awards. CEO Lisa McClung, who joined the board in March 2020 and became CEO in October 2020, is credited with bringing CPG discipline and corporate best-practices to the business. Coda Signature crafts premium cannabis-infused edibles, topicals and concentrates for medicinal and adult-use markets. Founded in 2015, the company has received 17 industry awards and holds No. 1 market share in Colorado for adult-use edibles per BDS Analytics; its products are available at over 600 dispensaries in Colorado. Coda Signature is licensed in California and Colorado and is pursuing expansion into other North American markets, including California and Canada. In July the company will launch operations from a 20,000 square-foot facility in Oakland and plans to add more than 50 jobs through the end of 2019. The brand emphasizes natural ingredients, bold flavor combinations and product innovation. Proceeds from the Series A will be used to accelerate expansion into emerging North American markets and for strategic additions to the management team.

Total raised

$30M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2021