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Toronto-based maker of hemp-cannabinoid social tonics, acquired by SOCALI Manufacturing in September 2022.
Founded in 2018 in Toronto, Canada, Sweet Reason Beverage Co. makes sparkling social tonics that combine THC and CBD with natural flavors, aimed at adults aged 21 and over. Its founder is Hilary McCain. A USD 2.50 mn Seed round led by Lerer Hippeau Ventures closed in September 2022, with Max Ventures and RiverPark Ventures participating. SOCALI Manufacturing, Inc. acquired the company on September 27, 2022. The company sells direct to consumers online, with subscription options, and plans to develop non-cannabis sparkling waters and new distribution channels.
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