Company News, Financial News

CBD Brand Raises $5 Million

Boston-based Beam expands into hydration category, too.

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By: TOM BRANNA

Editor

Two Boston-based athletes are putting the heat on other players in the CBD space with new funding and new products. Beam, a wellness brand created by former athletes Matt Lombardi and Kevin Moran, completed a $5 million series A funding round led by C2 Ventures. The investment, which brings its total investment to $12 million, will be used for operations, infrastructure, marketing efforts and to expand Elevate, a hydration vertical for the company that debuts today. Lombardi, a former hockey ...

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