Boxer Mike Tyson’s cannabis company gets venture financing

Private cannabis company Tyson 2.0 said Thursday it closed an oversubscribed, $9 million round of Series A financing led by JW Asset Management, with investments from K2, Ambria Capital, Tress Capital, and Patrick Carroll. The investment round for the cannabis company named after widely known boxing champ Mike Tyson comes after its launch last year. Tyson 2.0 now sells cannabis in 20 U.S. states and Canada and is led by co-founder, president, CEO and chairman Chad Bronstein. Tyson 2.0 plans to use its fresh capital to buy celebrity intellectual property, grow its brand lineup and increase its marketing and distribution efforts.