Case Studies
Cannabis Manufacturer and Craft Beer & Spirit Company
Consumer Packaged Goods

SOLUTION
- Founded in 2019, BC Infinity, Inc. (the “Company”) is the only vertically integrated cannabis manufacturer in Texas, dedicated to bringing cannabis mainstream, both through hemp-derived cannabinoids and through the Texas Compassionate Use Program
- In August 2021, the Company started collaborating with Houston’s favorite craft beer and spirits maker (8th Wonder), which has been operating for over a decade as a brewery, taproom, distillery and tasting room, and acquired them in May 2023
- The Company has a widely recognized portfolio of cannabis lifestyle brands, manufacturing low dose hemp-derived THC seltzers, non-alcoholic spirits, and gummies
- Their established and rapidly growing interconnected network of distributors (regionally and nationally) has brought the Company’s products on shelf in traditional retail sales channels including Specs, Total Wine, and ABC liquor stores. The Company also brews 5 core year-round beer offerings plus seasonal varietals found across 1,000 retail locations in the US. The products are also available in on-premise accounts and can be found in prominent bars, restaurants, movie theaters and other entertainment venues
- Chiron was engaged in October 2023 as the exclusive investment banker to raise $10.0MM in equity capital to complete the integration of 8th Wonder, expand facilities and grow current operations, accelerate growth of the THC-beverage products, launch medicinal marijuana operations (excluding plant growth), and fund general working capital needs
OUTCOME
- Chiron prepared the financial model, investor list, investment teaser, confidential information memorandum (CIM) and VDR
- Chiron marketed the deal to 1500+ venture capital funds, private equity funds, and family offices spanning a variety of industries (cannabis, consumer packaged goods, food and beverage, manufacturing, etc.) while also exercising their network of ultra-high net worth and high net worth individuals
- Chiron published an informational white paper on the industry in efforts to attract additional market attention
- Chiron partnered with the Company to organize an event for potential investors and connectors to interact with the brand
- Chiron launched a parallel capital raise at the subsidiary (BTB Brands) vs. the hold co. level in attempts to garner additional interest
- Chiron helped the Company structure a retail agreement with a strategic partner (Specs)
- Ultimately, Chiron and the Company closed the round oversubscribed (~$12.3MM raised vs. $10.0MM target) after receiving investments from new and existing investors along with a publicly traded strategic entity
The Situation
In August 2021, the Company started collaborating with Houston’s favorite craft beer and spirits maker (8th Wonder), which has been operating for over a decade as a brewery, taproom, distillery and tasting room, and acquired them in May 2023. Their established and rapidly growing interconnected network of distributors (regionally and nationally) has brought the Company’s products on shelf in traditional retail sales channels including Specs, Total Wine, and ABC liquor stores.
The Chiron Solution
Chiron was engaged in October 2023 as the exclusive investment banker to raise $10.0MM in equity capital to complete the integration of 8th Wonder, expand facilities and grow current operations, accelerate growth of the THC-beverage products, launch medicinal marijuana operations (excluding plant growth), and fund general working capital needs
The Result
Chiron and the Company closed the round oversubscribed (~$12.3MM raised vs. $10.0MM target) after receiving investments from new and existing investors along with a publicly traded strategic entity