CanopyBoulder Invests $180,000 In Cannabis Startups, Raises $2 Million For 2018 Fund

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

Potbotics Joins The Blinc Group

NEW YORK: Potbotics, a data aggregation and technology company focused on the global medical cannabis market, has joined The Blinc Group incubator with the goal of developing adoption and distribution strategies across the US for the first smart dose measuring vaporizer.

A key component of alternative medicine is dosing, and the process can be risky due to the inherent guesswork. Potbotics new approach allows for ultra-precise dosing according to the specific requirements of each individual patient with optimizations for micro-dosing.

Being able to analyze a patient’s use over time will allow the vaporization, whether it’s oil or flower, to be fully customized to their needs. This high quality vaporizing experience enables patients to accurately track how much they inhale in order to deliver consistent and predictable results.

“Blinc Groups market insights, vaporizer know how, and partnerships are a great fit to leverage the disruptive technology Potbotics has been developing for the past three years, ” commented CEO of Potbotics, David Goldstein.

Arnaud Dumas de Rauly, Chief Strategy Officer of The Blinc Group, said “Patients use micro-dosing for a variety of health conditions, that include seizures, autism, and cerebral palsy. Developing a dosaging device is the next big step towards consistency and pinpointing symptoms, we are very proud to be working with Potbotics on this system.”

 

This Incubator Is Helping Cannabis Businesses Blaze A Trail Forward In A Budding Industry

COLORADO: Startups in the legal marijuana business have unique concerns—initially, finding a welcoming bank, credit card provider and landlord. Even those who don’t grow, sell or process the plant face obstacles most entrepreneurs don’t have to deal with. It’s no surprise, then, that incubators serving pot startups have cropped up nationwide to help.

One of the newest is Green Labs Denver, a 35-desk incubator and co-working space for ancillary cannabis businesses, such as apps, vending machines and tourism.

“We’re all facing the same legislative hurdles,” says Green Labs co-founder Mike Looney. The way he sees it, startups in this volatile industry stand a better chance at success by banding together and pooling their resources.

Green Labs’ incubation arm makes equity investments of $30,000 to $250,000 in high-growth-potential startups, Looney says. Besides providing free desk space and business services, the Green Labs team coaches startups on revenue models, sales strategy and investor pitches. Also included: introductions to private investors and free legal advice from attorneys in Green Labs’ extended network.