Green Dot Labs Announces Strategic Partnership With Tuatara Capital

Green Dot Labs Announces Strategic Partnership With Tuatara Capital

COLORADO: Green Dot Labs, a Boulder, 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 Read the full article…

Cannabis Software And Consulting Leader MJ Freeway Closes $3 Million In Series B Extension Investment

MJ Freeway and Cannabase strike integration deal

COLORADO: MJ Freeway, a leading provider of business management solutions and consulting services for the cannabis industry, has announced $3 million in Series B extension financing raised from existing investors. MJ Freeway received new investments from existing investors Roger McNamee and Tao Capital Partners. With the unprecedented growth of the cannabis market, the company will use this funding to invest in Read the full article…

Headset Announces $2.5 Million In Financing; Ramps Up Services To Cannabis Clients

Headset raises 2.5 million in latest round of cannatech wars

WASHINGTON: Headset, a leading retail analytics firm for cannabis-related businesses closed $2.5 million in financing as part of its efforts to ramp up its suite of data products in the ever-competitive cannabis technology space. Hypur Ventures, a leading-edge venture capital fund headquartered in Arizona, and Salveo Capital, a Chicago-based private-equity fund specializing in cannabis sector investments, have partnered with Read the full article…

2016 Cannabis Investment Study: 68% Of Investors Open to Businesses That Touch Marijuana

2016 CANNABIS INVESTOR STUDY

DISTRICT OF COLUMBIA: New Frontier Data, in partnership with Arcview Market Research and The Arcview Investor Network has released its 2016 Cannabis Investment Study. The study unveils insights from Arcview’s members and shows that despite the differences in regulations affecting businesses that touch cannabis and ancillary businesses that do not touch cannabis, the majority of investors (68%) are now Read the full article…

Mentor Capital Awarded $1.5 Million from Bhang Corporation

Bhang Chocolates

The Agreement with Bhang Rescinded by Arbitration Panel Due to Bhang’s Breach CALIFORNIA: Mentor Capital, announced that it has been awarded $1,500,000 plus approximately $375,000 in interest from Bhang Corporation. The Arbitration Panel concluded in the award that, “Bhang breached the Agreement by failing to deliver the shares” required from Bhang under the contract. Mentor’s requested Read the full article…

Investment Firm That Specializes In Marijuana Businesses Opens Local Office

"We are fortunate to be an early entrant in the legal cannabis capital markets, which allows us to seek and fund the best proven companies in the cannabis space," said Kevin Gillespie of First Harvest Financial, in a statement.

ILLINOIS: A private equity fund management firm that specializes in investments in marijuana-related businesses is opening a Chicago office. First Harvest Financial said it’s opening an office at the Chicago Board of Trade Building, 141 West Jackson Blvd., to fund companies in the medical cannabis market. “We are fortunate to be an early entrant in the Read the full article…

Investors Get High On Marijuana

Marijuana is big business

NEW YORK: The business of legal weed is entering a new stage, as a broad infrastructure of related services, particularly financial, develops. Last year former videogame entrepreneur Dooma Wendschuh began soliciting investors for what he viewed as a big idea: distilled marijuana extracts, developed by scientists, that could be used for “edibles,” such as brownies, Read the full article…

Berkeley Marijuana Lab Raising Millions For U.S., Overseas Expansion

Steep Hill Announces $5M Limited Stock Offering

CALIFORNIA: Berkeley-based Steep Hill Labs Inc. is raising $5 million to expand into two states and Jamaica this year as well as pursue innovations in its testing equipment and genetics-related products. Steep Hill, which employs 30 people, generated $1.2 million in revenue in 2014 and has raised $4 million since its founding in 2008. The company Read the full article…

Marijuana Industry Hosts Big, Three-Day Investor Summit In Denver

All were convinced that the ongoing legalization of marijuana has created an opportunity for people with a high tolerance for risk to make a killing.

COLORADO: The convention floor at Denver Airport’s Crowne Plaza this sunny Tuesday afternoon in April could be the trade show for any well-established industry — gray-haired execs in conservative suits mingling with office park dads in polos and fresh-out-of-college types in brand-emblazoned T-shirts. Only this is a new kind of business conference with a special Colorado Read the full article…