PORT RICHEY, Fla., Feb. 10, 2021 /PRNewswire-PRWeb/ -- Magical Brands has closed a multi-million-dollar revenue-based financing deal with Decathlon Capital in an agreement that will boost the company's production of innovative botanical extraction devices and edible products.
Magical Brands is a leader in herbal infusion and extraction devices, and the company's innovative and high-quality products are trusted by a wide range of consumers who create their own infused wellness edibles and topicals. Magical's MB2e MagicalButter Machine and DecarBox are highly precise and efficient methods of extracting, decarboxylating and infusing cannabis compounds into health and wellness products.
"Herb-derived health and wellness is booming across the nation as people discover the physical and mental health benefits of these powerful natural compounds," said Garyn Angel, CEO and Founder of Magical Brands.
"Magical Brands is proud to be leading a movement toward a future where herb-derived products make more people healthier, happier and more in tune with complete health for mind and body."
With a dedication to product innovation and the industry's highest quality standards, Magical Brands is a trusted supplier for a growing generation of health and wellness consumers. The company's high levels of growth and strong product demand make a partnership with Decathlon Capital particularly timely, as the investment can finance new manufacturing capacity that allows the company to scale to meet increasing consumer demand.
"Our partnership with Decathlon Capital is another significant step in bringing Magical Brands' products to a new generation of consumers who are discovering the power of herb-derived wellness," said Magical Brands Chief Operating Officer Craig Snyder. "The MagicalButter Machine and DecarBox have become the gold standard for consumers who want to take health and wellness into their own hands."
The multi-million-dollar funding deal will be repaid through Magical Brands' future revenue, allowing the company to invest in growth initiatives now without giving up equity or company control.
"Magical Brands strong revenue growth and loyal customer base is a testament to how the company has led the industry in innovation and product development," said Chris Risey, Vice President of Decathlon Capital. "Decathlon Capital is proud to support a company so intensely focused on the full spectrum of wellness and wellbeing in an exciting new growth market."
About Magical Brands
Magical Brands is a leader in herb-derived wellness devices and products. The company's MagicalButter Machine and DecarBox are the highlights of a diverse line of products that bring botanical extraction and infusion to a growing wellness market. Learn more at https://magicalbutter.com
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at http://www.decathloncapital.com
Media Contact
Craig Snyder, Magical Brands, 800-420-4334, [email protected]
SOURCE Magical Brands
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