Lowenstein represented California-based cannabis-infused beverage brand, SS Beverages 1, Inc., d/b/a Uncle Arnie’s in raising a strategic investment from Harry Rubin and Lorenzo Lamadrid, founding partners of Boston Beer Company’s flagship brand Samuel Adams. Michael Carpenter, former CEO of Ally Financial ALLY and Citigroup’s C Global Corporate & Investment Bank, and VC investor Nick Carpenter participated in the round.
The company plans to utilize funds to expand into additional states and place itself on a path to achieve profitability in 2023.
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Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.