Axios Pro Rata: TEST 2
Presented by Cooley: View in browser Presented By Cooley Pro Rata By Dan Primack · Jan 31, 2019 Day 2 greetings from the Upfront Summit in Malibu. Please tell your friends and colleagues to http://GetProRata.axios.com. Okay, here we go... Top of the Morning Source: Giphy Pax Labs, the cannabis vaporizer company that spun out Juul in 2017, is raising a small amount of new funding at a valuation of between $500 million and $600 million, Axios' Kia Kokalitcheva reports. It's unclear if this is a new series of stock, or an extension of Pax's insider round from last October. Several of the investors are expected to be new, including a number of professional athletes. That last part could prove tricky, given the marijuana usage rules of most U.S. professional sports leagues. The company, which didn't respond to a request...