Green Dot Labs Announces Strategic Partnership With Tuatara Capital

Green Dot Labs Announces Strategic Partnership With Tuatara Capital

COLORADO: Green Dot LabsBoulder, Colo.-based producer of fine cannabis extracts, announced today the closing of its Series A round with a $3.3 million lead investment from Tuatara Capital.

“To date, Green Dot Labs has focused on developing quality-driven indoor cultivation and extraction methodologies and delivering high-end products to the Colorado market. Tuatara shares our commitment to producing quality cannabis products as well as our vision for innovation and regulatory leadership. We are confident that our partnership with Tuatara will support our company in reaching its full potential as a leader and standard-bearer in cannabis and concentrate production,” said Green Dot Labs Co-Founder and CEO Alana Malone.

Concentrates are currently the fastest-growing product segment in the cannabis industry, occupying the #2 share position overall. In 2016, recreational sales in this category reached combined sales of $498.8 million and grew by 83.9% in ColoradoWashington, and Oregon.

Read full article @ PRN

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