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Quinn Gets $3M Cash Infusion

September 1, 2020: 12:00 AM EST
The Colorado-based natural snack maker recently closed a Series D round of funding that bolstered its cash reserves by $2 million. The entire board of directors, as well as several other investors, participated in the round. The cash will be used to strengthen its sustainability and transparency mission, its retail and ecommerce presence, and fund development of “more first-to-market product lines.” Founded ten years ago, Quinn has experienced a 65 percent growth in revenue this year over 2019, driven by expanded distribution and a recently launched Paleo-friendly, grain-free pretzel chip. It was also first-to-market with a microwave popcorn in a patented Pure Pop popping bag made of compostable paper free of chemicals, plastic, and heat conducting susceptors. Quinn expanded into Walmart and increased listings with Whole Foods Market, Kroger, and Wegmans, bringing its presence to over 7,000 U.S. retail outlets.[Image Credit: © Quinn Snacks Inc.]
Gill Hyslop, "Quinn ups its Be Better. Do Better ante with $3m cash injection", BakeryAndSnacks.com, September 01, 2020, © William Reed Business Media Ltd
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