Tokyo Smoke

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Founded: 2015
Invested: 2016
Location: Toronto, Ontario
Industry: Retail Cannabis Consumer
Website: tokyosmoke.com

Company Overview: Tokyo Smoke is a modern lifestyle collective and a cultural movement. Our aim is to create an immersive physical experience, across verticals that touch our hearts, with the care, craft and expertise. Fundamentally, we believe Coffee, Clothing, and Cannabis are the lifeblood of the Creative Class. The Brand Tokyo Smoke is the touchstone for beauty, design, and quality in a society hungry for inclusive but sophisticated, designer brands. The combination of creativity, passion, and originality, has formed a sophisticated urban brand that goes beyond products.

Our Story: Matt met the CEO of Tokyo Smoke, Alan Gertner in the fall of 2016 after the company was an early adopter of the Turnstyle platform. Given Alan's incredible background in consulting, tech (Google) and sales, Matt invested in the first and second rounds of Tokyo Smoke before they were subsequently acquired by DOJA in late 2017.

Exit: Tokyo Smoke was acquired by DOJA Cannabis, a publicly traded company in 2017. The company was subsequently acquired by Canopy Growth Corp. in an all-stock transaction in August 2018.

 
The Ripple Teams approach to being operators first, investors second is exactly what we like to see in early-stage investing. Our relationship with Ripple started with their early support of Tokyo Smoke and continues to remain strong today!
— Alan Gertner, CEO & Co-Founder, Tokyo Smoke