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
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.
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.
Eaze is Moving Into Recreational Marijuana Delivery With New Funding
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.
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
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.
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
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.
Hound Labs, Inc. Secures Series B Financing from Benchmark
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.
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 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.
Privateer Holdings Closes $40 Million in Convertible Note Financing
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.
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 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 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 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.
Israeli Leaf Raises $2 million for Cannabis Growing System
Cannabis cultivation need not be disorganized or dirty. And yes, this gives a whole new meaning to a “seed round.”
Canopy Growth Secures $5.5 Million in Loan Facilities
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.
Private Equity Is ‘Seeing More Excitement Than It Can Handle’ in the Marijuana Industry
Over the last few years, a new wave of cannabis-finance companies have formed to capitalize on the green rush.
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 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
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’
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 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 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.
Lexaria Closes Tranche of Financing and Issues Shares
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.
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.
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.
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.
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.
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.
Lexaria Closes Financing and Announces Conference Participation
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.
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.
Mumbo Jumbo at the Public Cannabis Company Circus
Cannabis companies may be entering a new frontier, but descriptions of where they are going may not reflect reality.
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”).
Sins of the Fathers
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.
The Soft Underbelly of Marijuana Investing
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.
New Frontier Financials Wants to Fill the Cannabis Data Void
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.
Tuesday State of the Union
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.
Ebbu Wants to Power the Next Generation of Cannabis
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.
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.
With Reddit Deal, Snoop Dogg Moonlights as a Tech Investor
Snoop Dogg has been a rapper, an actor and, more recently, a purveyor of virtual stickers.
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 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 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?
Marijuana Attracts Big Money: The ArcView Investor Network Takes on Denver
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. Closes $15 Million Bought Deal Financing
Tweed Marijuana Inc.’s net proceeds from the Offering will be utilized for corporate purposes.
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…