Dixie Brands Announces Plans to Launch Public Offering

Dixie, the cannabis industry’s most recognized consumer packaged good brand is going public and expanding global operations.

[dropcap class=”kp-dropcap”]D[/dropcap]ixie Brands, Inc announced on Oct. 1 its merger with Academy Explorations Limited ahead of its plan to launch a public listing on the Canadian Securities Exchange (CSE). Dixie Brands’ humble beginnings started with a single product, Dixie Elixir, but the company has proven its permanent place in the cannabis market.

Once approved by the CSE, the two companies will merge under a reverse takeover and will be renamed Dixie Brands (USA) Inc. “The Federal legalization of marijuana in Canada is further proof that cannabis is no longer a fringe conversation or product. By going public on the CSE, we’re investing in Dixie’s future for continued growth with a focus on quality, product innovation and scale,” Dixie CEO Chuck Smith said in a press release.

Dixie Brands has operations in Colorado, California, Nevada and Maryland. Its distribution reaches Australia and Canada. If all goes well, the company plans on expanding into four to six more states in 2019.

Dixie also recently closed its Series C fundraising round of approximately $25 million, after increasing its offering from $20 million. “The financing round we have just closed will provide resources for Dixie to expand our brand throughout the U.S. and into Canada,” Smith stated. “Dixie has been a leader in the cannabis industry since its inception. We have nine years of experience developing intellectual property and building a brand that creates an incredible platform for our company and shareholders. We look forward to providing the same safe, high quality, and consistent product to patients and adult-use consumers throughout the U.S. and Canada.”

Dixie Brand’s pet hemp product line, Therabis, and Aceso Wellness, a hemp dietary supplement line, attest to the company’s ever-expanding range of products. Dixie Brands is already known and trusted among cannabis consumers in legal states, as a leader in edibles and cannabis or hemp products.

Today is an exciting day for Dixie.  Please read below to learn more about Dixie’s IPO and Canadian expansion plans. #dixiebrands https://t.co/Z0gvZECd5y

— Dixie Elixirs (@DixieElixirs) October 1, 2018