Tag Archives: financing

Series B Round

Leading Cannabis Compliance Company Simplifya Closes $3 Million Series B Funding Round

Leading Cannabis Compliance Company Simplifya Closes $3 Million Series B Funding Round

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.

Nevada Gaming Policy Committee Set to Discuss Marijuana Issues

Nevada Gaming Policy Committee Set to Discuss Marijuana Issues

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.

Series A Financing

Plus Receives $2M Series A for Cannabis-Infused Products The Green Opportunity Leads Round

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)

Governor Sandoval Reconvenes Gaming Policy Committee

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.

Jennifer Lujan

Eaze Continues Advancing Cannabis Industry with an Additional $27M Raised

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.

Legal Weed Entrepreneurs Finding New Funding Options

Legal Weed Entrepreneurs Finding New Funding Options

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.

CannaRegs MassRoots High Times Odava compliance software

MassRoots Announces Closing of $1.2 Million Equity Financing

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.

Marijuana Breathalyzer Company Raises $8.1M in Series B Financing

Marijuana Breathalyzer Company Raises $8.1M in Series B Financing

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.

Aurora Cannabis Inc Remains a Top Cannabis Pick

Aurora Cannabis Inc Remains a Top Cannabis Pick

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.

mCig - 420 Cloud

MCIG Announces $200,000 Investment from CEO and CFO

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.

No Need to Speed: Eaze Evolves With Capital Raise

No Need to Speed: Eaze Evolves With Capital Raise

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.

eaze

Eaze Becomes the Most Funded Marijuana Technology Company with $25M Total Funding

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.

MassRoots Users Funding Round and Crosses Half a Million Users and NASDAQ

MassRoots Closes $3.2 Million Equity Financing to Date Under Registered Offering

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.

Supreme Pharma

Supreme Closes Private Placement for Aggregate Proceeds of $14,949,755

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.

Supreme Pharma

Supreme Closes Second Tranche of Private Placement for Aggregate Proceeds of $4.34m and Secures Additional Long Term Supply Agreement

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.

Lexaria - Nicotine - Television

Lexaria Intends to Complete an Equity Financing of US$300,000

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).

How to Write an Effective Executive Summary to Secure Financing for a Cannabis Business

How to Write an Effective Executive Summary to Secure Financing for a Cannabis Business

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.

Cannabis Company Confounded by ‘The Crowd’

Cannabis Company Confounded by ‘The Crowd’

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.

Lexaria-230x130

Lexaria Intends to Complete an Equity Financing of CDN$100,000

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.

Sage Analytics Financing and El Camino Ave Dispensary

Sage Analytics Partners with Quantum Analytics to Provide Rental, Leasing & Financing Options for its Cannabis Testing Systems

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.

Regulation A+

3 Critical Benefits of Regulation A+ for Potential Issuers

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.

financing

Rule Change May Permit Out-of-State Financing in Washington State

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.

MJ Freeway

Equity Investment Positions MJ Freeway for Growth

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.

MJ Freeway Series B Financing

Cannabis Software & Services Leader MJ Freeway Closes $8 Million in Series B Funding

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.

Financing

Oregon Licensing Process: Are You Prepared for Financing?

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.

Sage Analytics Financing and El Camino Ave Dispensary

Sage Analytics Offers Financing on New Cannabis Potency Testing Systems

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.

Lexaria and McKechnie and Financing and Partner Membership Product

Amended: Lexaria Intends to Complete a US $2,520,000 Financing

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”).

MedMen Raises $3.75 Million to Launch Operations in Nevada and Illinois

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.

Radio Applications

Illinois Begins Accepting Applications for Marijuana Businesses

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.

CannaMed Shareholder Info

CannaMed Appoints Vinisha Agnihotri Vice President Finance

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.

Crowdfunding

Crowdfunding for Marijuana Startups

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?

Medical_marijuana_pills

PharmaCan Capital Raises $9,000,000 For Medical Marijuana Investments

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


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