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New Cannabis Holding Company Led By PRØHBTD CEO Raises $25M

PYMNTS

Formerly PRØHBTD Global, Future State Brands (FSB) oversees a portfolio of THC, hemp and CBD brands, including hemp beauty line Hempathy, beverage platform Ceeby Dee’s, art-centric infused wearables The Patch Co. and music-driven flower brand Heavy Grass. 20 press release.

Company 116
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Neiman Marcus Emerges From Chapter 11

PYMNTS

has completed its Chapter 11 bankruptcy protection process and emerged from one of the highest-profile retail collapses since COVID-19 began, the Dallas-based company disclosed. We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. Neiman Marcus Holding Company Inc.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

This belief is based on “the Company’s operating plan, that current working capital and expected continued inventory and capital expenditure financing is sufficient to fund operations and satisfy the Company’s obligations.”. New Markets. Ontario (L.A.), Oklahoma City, and Memphis.

Company 130
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Why Pets Are Pulling Retail Innovation’s Leash

PYMNTS

More recently, news emerged that Pawscout has secured $3 million in seed funding from Leadout Capital. The retailer plans to bring its number of clinics to 100 from the current 21 in operation. Walmart will kick off the expansion with new clinics in the Dallas-Fort Worth area. Pet Medicine.

Retail 122
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Metromile Drives Home $191.5M In Funding

PYMNTS

Canada’s Intact Financial and China Pacific Insurance, New Enterprise Associates, First Round Capital, Mitsui and SV Angel. They also included Metromile Founder and Chairman David Friedberg, as well as Dallas Mavericks owner and “Shark Tank” Shark Mark Cuban. Who were all these funders? Quite a few. You’re not alone.

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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. Select VC Investors: Khosla Ventures, Social Capital.

Maine 70
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Rescuing The Restaurant Business From App Decline

PYMNTS

The operative word is control. “I With DineVite, consumers and restaurants get a better deal, since the restaurants can offer a deal to customers that they are comfortable with and consumers capitalize on it. Consumers can inquire directly with restaurants about existing promotions. It’s a new concept that means both parties win.”.

Miami 130