Marijuana business accelerator and venture fund launches ninth cohort of ancillary cannabis companies
COLORADO: CanopyBoulder, Canopy’s seed-stage investment fund and business accelerator for companies developing ancillary products and services for the legal cannabis industry, is pleased to announce the launch of the Spring 2018 class. Six startups are enrolled in Canopy’s 16-week accelerator program. These businesses include a brand and influencer marketplace, a connector of cannabis industry software apps, and a blockchain technology addressing “looping” at dispensaries, among others.
In addition to the launch of its ninth cohort, Canopy oversubscribed its $2 million 2018 accelerator fund. This capital will be used to provide seed capital and follow-on funding to the companies that join the CanopyBoulder accelerator.
The CanopyBoulder program is designed to accelerate business development, refine strategy, and prepare companies to raise capital. Over 200 mentors, cannabis-focused venture firms, and key figures in the cannabis industry support the teams throughout the program. After weeks of pitch practice, business model refinement and miles logged meeting cannabis businesses, the cohort “graduates” and travels to present their businesses to an audience of investors, cannabis business professionals, media, and local community.
The six companies included in the spring 2018 cohort include:
- Realm 72 – Founded by Christine Penny and Seth Shimkonis
- Andia – Founded by Angel Diaz and Alberto Garcia
- Catalyst Business Partners, LLC – Founded by Kirsten Knutson
- Best in Grow – Founded by Andrew Duffy and Jacob Levin
- KNXIT – Founded by Tom Quigley and Kevin Dugan
- TreatmentX – Founded by Kevin Staunton and Susan Trapp