Toronto-based Trellis, which provides cannabis inventory management software, has raised $2.5 million led by Casa Verde Capital.
Venture Capital
MedMen Opportunity Fund Closes Below $100 Million Target
On June 12, 2017, the MedMen Opportunity Fund, a California-based private equity fund focused on the legal marijuana industry, filed Form D with the United States Securities and Exchange Commission, indicating that it had raised approximately $60 million of its $100 million offering.
High Times Acquisition: Company Valued at $70 Million
On June 1, 2017, High Times announced that controlling interest in the company had been acquired by 20 investors, a group comprised of cannabis industry members, entrepreneurs and entertainment veterans. Oreva Capital, a Los Angeles-based investment firm, led the High Times acquisition, valuing the company at $70 million. The company will now operate as High Times Holding Company.
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.
Cannabis Compliance Platform Closes $3.25M Series A Offering
On April 12, 2017, Flowhub, a seed-to-sale cannabis compliance platform, announced that it had closed an oversubscribed Series A offering of $3.25 million, with Green Lion Partners and Phyto Partners leading this round of financing.
Top Marijuana Private Equity and Venture Capital Funds
While it is still difficult to invest directly in legal pot through public equities, venture capital firms and private equity funds have raised hundreds of millions of investment dollars.
11 Venture Capital Firms Investing in Cannabis Startups
We recently took a trip around the Pacific Northwest to do some “research” into the legalization of marijuana in the United States and cannabis startups. What we saw was shocking to say the least. In a good way.
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.
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.”
Silicon Valley Investors Are Finally Getting Marijuana Religion
When three Colorado marijuana entrepreneurs made a presentation to 40 Silicon Valley investors last year, it was as though they were discussing something dirty.
Cannabis Brand Management Company Raises $8 Million
On April 4, 2016, Strainz Inc., a national cannabis brand management company, announced that it had raised $8 million, $6 million of which was raised through Series A funding from venture capital and angel investors.
Venture Capitalists Invested Over $215 Million in Cannabis Companies in 2015
On Feb. 29, 2016, CB Insights released a report on venture capital investments in the legal cannabis industry for 2015. According to the report, VCs invested in 98 cannabis-related deals in 2015, totaling $215.2 million.
Investor Dispatch: Lori Ferrara Trailblazing in the Marijuana Industry
Lori Ferrara wasn’t deterred when she walked into her first ArcView meeting and found herself the only female investor among 80 men. She recalls being a little intimidated but took them on “one-by-one” and ended up being the organization’s first female investor.
Investor Dispatch: Steven Trenk at the Vanguard of Legal Marijuana
Steven Trenk entered this industry with more than just a simple interest in marijuana as a market opportunity; he entered as an early adopter with the professional experience to chart his course in legal marijuana.
Anatomy of a Capital Raise: ebbu’s Road to VC Funding Winds On
Back in January, ebbu LLC’s Dooma Wendschuh was embarking on a journey to raise $9 million in venture capital funding.
Fred Gross and Cannafundr Raising Cannabis Capital
Every industry is only as strong as the connection between the capital needed to grow and maintain it, and the companies themselves, who allocate that capital to expand new markets, lower costs, add services and improve product offerings.
Anatomy of a Capital Raise: ebbu Seeks Venture Funding
ebbu LLC is looking to make waves in the growing marijuana market, but first it will have to navigate the tricky waters of venture capital funding in its home state of Colorado.
Investors Spent More Than $100 Million on Marijuana Businesses in the Last Two Years
During the last two fiscal years, investors spent $104.5 million to gobble up stakes in cannabis and cannabis-related companies, according to research firm CB Insights.
One of Silicon Valley’s Top VC Firms Just Invested Millions in Weed
Brendan Kennedy wants to build the Coca-Cola of cannabis. The PepsiCo of pot. The Procter & Gamble of ganja.
Venture Capitalists Giving Rise to “Big Pot”?
Peter Thiel, venture capitalist and co-founder of PayPal, is considering a multimillion dollar investment in Seattle-based private equity firm, Privateer Holdings, according to CNBC.
To Venture Capitalists, Potbotics Still Taboo in Spite of Growing Recreational Legalization
The UpTake: Marijuana startups are all the rage since states began legalizing the herb for medicinal and recreational use. But that doesn’t mean venture capitalists are ready to make the jump.
Venture Investors Light Up Cannabis Startups
As American lawmakers legalize cannabis in a handful of states and decriminalize it in others, “potrepreneurs” are emerging from the shadows to bring tech to the cannabis community.
Bob Marley, the Reggae King of Cannabis, May Soon Have His Own Line of Pot
Reggae legend Bob Marley was known to be a fan of marijuana. Now, a marijuana-focused venture capital firm is trying to bank on that tight relationship.
Eaze App Raises $1.5M in Seed Funding
Add nearly 40 Silicon Valley investors, including The ArcView Group, to the list of those participating in the significant infusion of capital into the marijuana business.
New Report: Marijuana Revenue by State is Between $50-$60 Billion
Marijuana Investor News estimates total related product sales to be between $50 and $60 billion in the United States. In a new report released on September 26, 2014, MJIN estimates the current market size for U.S. marijuana revenue by state.
Houston VC Explores Potential of Marijuana Fund
James Tao, one of the co-founders of Houston Health Ventures, will explore the potential of establishing a marijuana-specific fund at the inaugural Marijuana Investment Conferences event Oct. 5-6.
Marijuana Incubator Group, Inc. Acquires Controlling Interest of AV1 Group, Inc.
Marijuana Incubator Group is now public and seeking to help other weed-related businesses that are also targeted to grow exponentially.
Did Tweed’s Pride Foreshadow Its Federal Fall?
The Mounties seized Tweed’s latest shipment at Kelowna International Airport, but Tweed Marijuana Inc. still had a busy first day on the Toronto Stock Exchange.
New Criteria for Investors in Massachusetts
Medical marijuana investors in Boston Massachusetts face new rules
Medical Marijuana Users: Good or Bad Investment?
Invest in the medical marijuana fraternity and log into a stable customer base
Winding Roads Lead To Profitable Marijuana Investments
The Beatles were in fine form when they wrote, “The wild and windy night that the rain has washed away … has left a pool of tears crying for the day.
Investors Beware: Taxes on Pot Investments Subject to Tax Discrimination
As the legal marijuana bubble continues to expand, a once-secret industry is out in the open and wearing a business suit.
The First Pot Stock Billionaire Says His Penny Stock Could Be a Little High
Stocks in CannaVest are soaring high and, as Forbes puts it, “the world’s leading hemp-based investment company”.
Pay Close Attention To This Marijuana Millionaire’s Weed Venture Capital Fund
Justin Hartfield, the CEO of marijuana review and discussion site WeedMaps is continuing to expand his empire, co-founding marijuana technology venture capital firm Ghost Group.
