CannabisNewsBreaks – MAZAKALI Announces Closed Funding Round with Sana Packaging

February 9, 2021 11:05 AM EST

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MAZAKALI, a cannabis-focused fintech marketplace, recently closed a funding round with Sana Packaging. A pioneering, high-growth, sustainable packaging brand in the cannabis industry, Sana is focused on a circular economic model for package design and environment healing; the company is also committed to investing resources toward industry education and developing more renewable and regenerative packaging solutions. In the announcement, Sana officials noted that fundraising for the company had been challenging, but with the help and assistance of MAZAKALI, the company was able to close its recent funding, which sets Sana up for success in 2021 as it works to position itself in a growing sector. Recent reports indicate that sustainable packaging is currently a $250-billion market, with projections saying it will reach more than $400 billion by 2025. Production innovation and interest in sustainability continue to drive growth for this prospering industry. “Sustainability, scalability and sensibility are the cornerstones of our investment thesis, and Sana Packaging is an excellent example of a company that embodies the same ethos,” said MAZAKALI founder and CEO Sumit Mehta in a recent article. “The cannabis plant can provide the fuel, fiber and paper to produce and distribute products made from its flowers — a beautiful example of simultaneous and positive impact to our plants, people, planet and profitability. It has been a pleasure to work with Sana for their capital needs while supporting the increasingly urgent need for environmental respect and sustainability.”

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About MAZAKALI

Headquartered in San Francisco, MAZAKALI offers its Digital Capital Investment Platform to the global cannabis complex. Registered Investment Advisors customize investment portfolios via MAZAKALI’s Outsourced Cannabis Investment Officer (“OCIO”) service, and licensed Investment Bankers help operators with capital and M&A services. MAZAKALI’s leadership team began putting cannabis capital to work in 2014 and brings more than 150 years of financial, strategic, legal, compliance and international business experience to clients across the global hemp and nonhemp cannabis (“NHC”) industries. The MAZAKALI GreenPaper(R) has gained authority through knowledge on deep trends in the industry that matter to investors and operators alike. Securities are offered via a licensed broker/dealer. MAZAKALI was founded to counteract the negative consequences of business practices that deplete resources by making investments in sustainable hemp and nonhemp cannabis. By shepherding capital in a responsible and ethical manner, MAZAKALI and its clients envision a world where cannabis capital investment will play a significant role Beyond Impact.

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