Drake's Virginia Black Whiskey to Launch IPO

Virginia Black is an aged Bourbon whiskey focused on a high-rye content

Virginia Black is an aged Bourbon whiskey focused on a high-rye content

Drake is the face and majority shareholder of the company he started through a collaboration with Brent Hocking.

In September of 2016, rapper Drake launched bourbon whiskey brand Virginia Black along with Brent Hocking, the entrepreneur behind DeLeón Tequila. The whiskey is distributed by Proximo Spirits Inc., which also counts brands like Jose Cuervo tequila, 1800 tequila and Bushmills whiskey in its portfolio.

According to this BANQ listing, investors can buy shares for $5 a pop (with a minimum investment of $100) and the company is seeking to raise $30 million.

The Started From The Bottom hitmaker launched the liquor line in 2016 and now he is taking the company to the next level by launching an global public offering (IPO).

Drake has lately appeared in commercials for Virginia Black as "The Realest Dude Ever" - a parody of Dos Equis' "Most Interesting Man in the World". Hocking describes Virginia Black as the "perfect combination of exceptionally good juice in exquisite packaging at an accessible price" and is "pleased" that millions of Americans will now have the opportunity to join the "Virginia Black family".

The news comes on the heels of Drake expanding his business ventures by opening a restaurant, Pick 6ix, in Toronto, Canada, through a partnership with his longtime friend Chubbs.

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