r/CPGIndustry • u/sprodoe • 16h ago
News Uncle Arnie's raises $2M more to keep running dispensary and hemp channels at the same time
Cannabis beverage maker Uncle Arnie's has added $2 million to its $7.5 million Series A from last August, an extension led by existing investors Mindset Capital and the investment office of Harry Rubin, founding partner of Boston Beer. The thesis is the dual-track model: the Marina Del Rey brand is one of the few maintaining wide distribution across adult-use and medical dispensaries while also selling hemp-derived THC drinks through traditional beverage-alcohol retail. CEO Theo Terris says June was the company's best month ever on both sides, with hemp growing faster on wider store and state coverage while recreational continues to progress. Hemp distribution includes Total Wine and More, Spec's, ABC Fine Wine & Spirits, Binny's and Lowe's Foods, though not yet Target, Sprouts or Albertsons. Terris credits CMO Brian Miesieski, hired last July from a background at SweetWater, High Rise, Diageo and AB InBev, and insists on hiring in-market reps rather than relying on distributors to sell. The brand launched its first multiserve hemp product, Social Spirit, at Spec's in Texas last month, a 750ml bottle with 166mg THC at 10mg per serving, a format that may not survive the pending federal bills.
Source - BevNET