Smoke Cartel, Inc., a leading online retailer and wholesaler of glass water pipes, vaporizers, and other related accessories for the cannabis industry, announced that it has signed an investment agreement with Tangiers Global, LLC ("Tangiers") for a Fixed Funding Commitment which will provide the Company with an equity investment of up to $5 million.

The funding is contingent upon the Company filing an S-1 registration statement with the Securities and Exchange Commission, and having the Commission deem the registration effective. Concurrent with execution of the investment agreement, Smoke Cartel also entered into a bridge loan facility with a face value of $610,000 pursuant to which it issued a 10% fixed price convertible promissory note. Proceeds of both the bridge loan and equity facilities may be used for working capital purposes and to pursue other strategic opportunities.

"We are excited to work with Tangiers as we believe that Tangiers has the cannabis industry experience and knowledge to help grow our business rapidly in the coming years," said Darby Cox, CEO of Smoke Cartel. "This capital will allow us to continue towards our best iteration."

Aaron Raub, Senior Equity Analyst for Tangiers Global, LLC, commented on the announcement, "We have a special interest in companies that are in the early stage of their growth curve with strong management teams and an accretive acquisition strategy. Based upon the company's recent acquisition of Roll-Uh-Bowl brand from KushCo Holdings, entrance into the rapidly expanding CBD market via MindCBD.com, and diversified product line of accessories, we feel that the company is positioning itself for success in the future. We are confident that our investment will help Smoke Cartel capitalize on opportunities as they arise and accelerate the execution of their overall business plan."