DENVER, Feb. 27, 2018 /Weed Wire/ — Simplifya, the developer of the nation’s leading cannabis industry compliance software, announced Thursday it has closed a $3 million Series B round of funding. It was led by a $1 million investment from Merida Capital Partners, a private equity fund that targets fundamental growth drivers underpinning the rapid development of the cannabis industry.
Tag Archives: financing
Policymakers with the Nevada Gaming Policy Committee are hoping to give recreational marijuana a second look. According to the Las Vegas Review-Journal, the committee has scheduled a meeting on Nov. 29, 2017, to reexamine its marijuana policy.
PALO ALTO, Calif., Oct. 18, 2017 /Weed Wire/ — Plus, the cannabis infused products manufacturer, is pleased to announce the closing of its Series A financing (the “Financing”). The Financing was comprised of $2 Million USD of Series A Preferred Stock (the “Shares”), and was led by The Green Opportunity Funds (TGOF)
CARSON CITY, Nev., Sept. 20, 2017 /Weed Wire/ — Governor Brian Sandoval today announced he has signed an Executive Order reconvening the Gaming Policy Committee to gather information, engage in discussion, and provide recommendations on policies related to the potential interactions between Nevada’s gaming industry and the state’s fledgling marijuana industry.
The cannabis industry has lit up in the last year, including weed delivery startup Eaze, which just raised $27 million in Series B financing and claims a 300 percent year-over-year increase in gross sales.
SAN FRANCISCO, Sept. 14, 2017 /Weed Wire/ — Eaze, the leading cannabis technology company, announced today an additional $27 million in Series B financing, led by Bailey Capital with participation from DCM Ventures, Kaya Ventures and FJ Labs.
How do legal-marijuana business entrepreneurs raise money to start or expand their business? The big banks won’t open a checking account for them, let alone lend them money, because cannabis production, processing and selling is still illegal at the federal level. Banking and financing options are limited, but there is a need and funding can be found.
DENVER, July 24, 2017 /Weed Wire/ — MassRoots, Inc. (OTCQB:MSRT), one of the leading technology and compliance platforms for the cannabis industry, is pleased to announce it has closed a $1,217,000 private placement of common stock and warrants, as detailed in MassRoots’ Current Report on Form 8-K filed on July 24, 2017 with the U.S. Securities and Exchange Commission.
On May 23, 2017, Hound Labs Inc., a marijuana breathalyzer company in Oakland, announced that it has closed its Series B round of financing with $8.1 million from Benchmark, a California-based venture capital firm that has made successful early-stage investments in companies like Uber and Snapchat, among others.
OAKLAND, Calif., May 23, 2017 /Weed Wire/ — Hound Labs, Inc., creators of the patent-pending Hound® marijuana breathalyzer, announced today that Benchmark invested $8.1 million in the company.
Investors are becoming more and more impressed with the job CEO Terry Booth and his team are doing at Aurora Cannabis Inc. After posting strong Q2 results and closing a C$75 million financing, there’s a lot to like with company.
HENDERSON, Nev., Feb. 1, 2017 /Weed Wire/ — mCig Inc., (OTCQB: MCIG), a diversified company servicing the legal cannabis, hemp, and CBD markets, announced today it has entered into legally binding subscription agreements with Paul Rosenberg, Chairman and Chief Executive Officer and Michael Hawkins, Chief Financial Officer for the issuance of 25,000 newly issued Series A Preferred shares each.
SEATTLE, Nov. 4, 2016 /Weed Wire/ — Privateer Holdings, the world’s first private equity firm to invest exclusively in legal cannabis, today announced that the company has closed an additional $40 million in convertible bridge financing.
On Oct. 25, 2016, Eaze, a medical marijuana delivery service in California, announced that it had completed a $13 million Series B round of financing, bringing the company’s fundraising total to $25 million.
SAN FRANCISCO, Oct. 24, 2016 /Weed Wire/ — Eaze, the leading on-demand medical marijuana technology company, today announced the completion of a $13 million Series B financing round making Eaze the fastest growing and most funded cannabis technology company in the world.
DENVER, Oct. 10, 2016 /Weed Wire/ — MassRoots, Inc., one of the leading technology platforms for the cannabis industry, announced that it has closed on $3.2 million in equity financing to date under its Registered Offering, declared effective on August 11, 2016.
TORONTO, Ontario, Aug. 30, 2016 /Weed Wire/ — Supreme Pharmaceuticals Inc. (the “Company” or “Supreme”) (CSE:SL)(OTC PINK:SPRWF) is pleased to announce it has closed the third tranche of its previously announced non-brokered private placement (the “Financing”) for proceeds of $10,610,625 and aggregate proceeds from three tranches of $14,949,755.
Cannabis cultivation need not be disorganized or dirty. And yes, this gives a whole new meaning to a “seed round.”
SMITH FALLS, Ontario, Aug. 5, 2016 /Weed Wire/ — Canopy Growth Corporation (TSX: CGC) (“Canopy Growth” or “the Corporation”) closed a $5.5 million financing with a commercial lending institution.
Over the last few years, a new wave of cannabis-finance companies have formed to capitalize on the green rush.
TORONTO, Ontario, July 15, 2016 /Weed Wire/ — Supreme Pharmaceuticals Inc. (the “Company” or “Supreme”) (CSE:SL)(OTC PINK:SPRWF) is pleased to announce it has closed the second tranche of its previously announced non-brokered private placement (the “Financing”) for proceeds of $723,250 and aggregate proceeds from both tranches of $4,339,130.
KELOWNA, British Columbia, July 5, 2016 /Weed Wire/ — Lexaria Bioscience Corp. (OTCQB:LXRP) (CSE:LXX) (the “Company” or “Lexaria”) reports its intention to complete a non-brokered private placement financing of 5,000,000 equity units priced at US$0.06 (approx. CDN $0.078).
An effective executive summary gives a brief, high-level overview of your business, the financing that you are seeking, and it should pique the interest of decision makers.
Crowdfunding seemed like the perfect solution for cannabis entrepreneur Ralf-Rainer von Albedyhll, CEO of NextRX Inc., based in Las Vegas, Nevada. He had tried the more traditional funding avenues with little success.
KELOWNA, British Columbia, May 31, 2016 /Weed Wire/ — Lexaria Bioscience Corp. (OTCQB:LXRP) (CSE:LXX) (the “Company” or “Lexaria”) reports its intention to complete a non-brokered private placement financing of 700,000 equity units priced at US$0.11.
ST. LOUIS, Mo., May 11, 2016 /Weed Wire/ — Sage Analytics (www.sageanalytics.com), the developers of portable, laboratory-quality cannabis potency measurement systems, announced that Quantum Analytics (www.lqa.com/cannabis) will distribute and provide flexible financing options for the company’s products.
KELOWNA, British Columbia, April 15, 2016 /Weed Wire/ — Lexaria Bioscience Corp. (OTCQB: LXRP) (CSE: LXX) (the “Company” or “Lexaria”) announces it has closed a tranche of the Equity financing announced on February 18 for gross proceeds of US$60,000.
While financing a regular startup is challenging, financing a cannabis-related startup is even more difficult. Regulation A+ could be a game changer for the legal cannabis industry by letting everyday cannabis consumers financially support the companies they love.
The Washington State Liquor and Cannabis Board is considering rule changes that would allow more out-of-state financing in Washington’s cannabis industry. If adopted, the changes could go into effect as early as March 24.
With a $25,000 investment minimum, a total of 13 purchasers helped MJ Freeway close its $8 million round of Series B financing. On Dec. 21, the company officially announced the raise, identifying Roger McNamee and Tao Capital Partners as investors.
DENVER, Dec. 21, 2015 /Weed Wire/ — MJ Freeway, the leader in software solutions and services for legal cannabis businesses, today announced $8 million in Series B financing. Investors in the round include Roger McNamee and Tao Capital Partners.
Interested in taking part of Oregon’s upcoming recreational marijuana market? While the entry barriers for dispensaries in Oregon aren’t as high they are in other states, it still takes a sizable investment to enter the business. And to get funding, companies must be prepared.
KELOWNA, British Columbia, Dec. 10, 2015 /Weed Wire/ — Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) announces it has closed the Private Placement financing announced on September 18.
BOULDER, Colo., Sept. 28, 2015 /Weed Wire/ — Sage Analytics (www.sageanalytics.com), the developers of a new generation of portable, laboratory-quality cannabis potency measurement systems, announced today that the company has special financing in place on the new Luminary™ Beacon and Luminary™ Profiler.
Cannabis companies may be entering a new frontier, but descriptions of where they are going may not reflect reality.
KELOWNA, B.C., Sept. 18, 2015 /Weed Wire/ — Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the “Company” or “Lexaria”) reports its intention to complete a non-brokered private placement financing, consisting of 14,000,000 Equity Units at US$0.18 per unit, to raise gross proceeds of up to US $2,520,000 (the “Private Placement”).
Shareholders may buy into a company based on many factors, but paying off an old debt to one of the founding fathers is probably not one of them.
We were recently invited to the Harvard Club in New York City to cover a conference on cannabis investing as a roving reporter. The Harvard Club seemed to us to be rather more tweedy than weedy.
In early February New Frontier Financials closed a successful $250,000 round of seed financing using CannaFundr.com and just kicked off its Series A venture capital funding round.
The press machine is back in full force today in the cannabis sector. It appears that many companies in the space were preparing their press releases over the long weekend.
Have you ever heard of ebbu before? Until a week ago, I hadn’t either, and I make it my business to keep my ear pretty low to the ground on such things.
LOS ANGELES, Nov. 13, 2014 /PRNewswire/ — MedMen, the only turnkey management company providing services for the cannabis industry, is proud to announce that it has secured $3.75 million in financing to launch operations in the states of Nevada and Illinois.
Snoop Dogg has been a rapper, an actor and, more recently, a purveyor of virtual stickers.
Illinois officials are now accepting applications for people who want to open a medical marijuana dispensary or cultivation center. The number of licenses are quite limited – only 22 available for cultivation centers and 60 for dispensaries.
LOS ANGELES, July 29, 2014 /PRNewswire/ — CannaMed Corp. (OTCBB: MDMJ), a company that provides both funding and financing alternatives and turnkey support services for the legal cannabis industry, is pleased to announce the addition of Ms. Vinisha Agnihotri as Vice President Finance.
In a non-cannabis industry an entrepreneur might simply go to the bank for financing, but not so in the marijuana world. Few lenders are ready to do business with a startup whose status is still questionable under federal law. Is crowdfunding an option?
NEW YORK (MainStreet) — After pitching to potential investors at three ArcView Investor Network events, Ebbu CEO Dooma Wendschuh closed a $2 million round of financing three months ago for his cannabis distillery company.
Tweed Marijuana Inc.’s net proceeds from the Offering will be utilized for corporate purposes.
TORONTO, ONTARIO–(Marketwired – March 21, 2014) – PharmaCan Capital is pleased to announce that it recently closed its third round of private financing. “Investor response to PharmaCan Capital’s most recent financing was overwhelming” said PharmaCan CEO Paul Rosen. “We set out to raise $5,000,000 but due to a surge of demand in both Canada and…