The Bettering Company, a Chicago-based luxury cannabis edibles brand, has closed a $6.7 million financing round, accumulating more than $11 million in total funding since its inception. This financial feat is noteworthy in the face of the nationwide challenging market conditions.
Founded by Mark Cozzi and Drake Nickell, The Bettering Company has captured the interest of prominent early-stage consumer packaged goods investors, notably including Peter Rahal. This significant funding will cater to the construction of a state-of-the-art production facility in Rockford, Illinois, and the expansion of the brand's management team.
Commenting on the brand's aspiration, CEO Mark Cozzi remarked, “Despite a decade of legalization, the cannabis market lacks a truly …