What is Simply CBD?
Simply CBD is a prominent provider of high-quality CBD products, headquartered in Springfield, Illinois. The company offers an extensive product line that includes CBD oils, pet products, capsules, topicals, edibles, and spa items. All products are derived from 100% THC-free, organically grown, non-GMO hemp, ensuring purity and efficacy. Simply CBD emphasizes the production of premium goods within an FDA-approved lab, with rigorous third-party testing to guarantee quality. Their strategic focus is on serving individuals seeking natural wellness solutions through effective CBD formulations.
How much funding has Simply CBD raised?
Simply CBD has raised a total of $32K across 1 funding round:
Debt
$32K
Debt (2021): $32K with participation from PPP
Key Investors in Simply CBD
PPP
Public-Private Partnership
What's next for Simply CBD?
With the recent substantial expansion capital, Simply CBD is poised for significant growth and market penetration. The company's Series B/C stage funding indicates a transition from early development to a scaling phase, likely involving enhanced product development, broader distribution channels, and increased marketing efforts. This strategic investment will enable Simply CBD to further solidify its position in the competitive CBD market and capitalize on the growing consumer demand for natural wellness products.
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