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Al Harrington's Viola, The First Black-Owned Multinational Cannabis Brand, Closes $13M Round

In 2021, AfroTech reported that Al Harrington’s Viola became the first Black-owned multinational cannabis brand. This year, the brand seems to be coming for more, and then some, with plans to expand to new markets. To strategically position the cannabis company for this expansion and build equity in the space, Viola has closed a $13 million equity funding round, according to a press release. “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,” said Al Harrington, Co-Founder & CEO of Viola, according to a press release. Neil Morganbesser , President & CEO of DelMorgan, the banking firm that operated as the transaction advisor for the round, also shared a statement. “Al Harrington has proven himself to be a visionary in the Cannabis industry, demonstrating an ability to execute on initiatives that resonate deeply with today’s popular culture and consumers,” Morganbesser...

Jan 12, 2022