Proactive Investors reports that confectioner Candy Club has received a $1 million credit facility from CircleUp Credit Advisors to support its U.S. expansion.
Candy Club operates a wholesale and direct-to-consumer subscription confectionary business. The company has expanded its products to 12 additional airports and casino resorts across the U.S.
Specialty retailer Lick currently sells Candy Club products in the Los Angeles, New York La Guardia, Dallas and Charlotte airports, as well as several high-profile resorts and casinos.
“The financing line is a strong testament to our business, brand and to the team,” said Candy Club CEO Keith Cohn. “The business is performing well … it clearly shows that others are taking notice and are willing to back us.”
San Francisco-based CircleUp Credit Advisors provides early-stage consumer businesses with working capital to generate growth.
