Canned Margarita brand raises $2m in funding
sipMARGS, the award-winning canned Margarita company has reached a significant milestone in its journey to redefine the ready-to-drink cocktail market.
sipMARGS has successfully raised $2 million in funding led by Lab Capital Advisors to fuel its continued growth and innovation.
sipMARGS, which launched in the spring of 2021, has quickly gained recognition for its commitment to quality and authenticity. Made with top-quality tequila from the Highlands of Jalisco, Mexico, and available in five authentic flavours, sipMARGS is a low-sugar, low-calorie, and low-carb option with an alcohol level of 5% ABV.
The brand’s dedication to delivering a full-bodied, crisp flavour experience in every 12oz can has set them apart as a game-changer in the industry, and this significant investment comes at a time when sipMARGS is experiencing unprecedented demand for its exceptional products.
sipMARGS is on a mission to become the go-to choice for premium canned margaritas, and with the support of this recent funding, will continue their expansion with making its products available in Michigan, Ohio and Connecticut – with more states to follow, including VA and CA in 2024.
“We’re extremely grateful for the support of our investors and are excited about the opportunities ahead. sipMARGS has come a long way since our launch in 2021, and we look forward to growing our brand in the ready-to-drink cocktail market,” said Justin Nabozna, CEO of sipMARGS.