Halifax-based Cove Kombucha has closed a $1.2 million equity funding round, which the maker of healthy drinks hopes will go toward upgrading its facility, increasing production and reaching new markets.
The company said in a press release last week it attracted the investment from Vancouver-based Canaccord Genuity Wealth Management, after a one-month search.
Cove is now selling its kombucha – a fermented tea drink that boasts various health benefits – at the Eastern Canadian outlets of such chains as Costco, Sobey’s and Whole Foods Markets, as well as in numerous convenience and health food