Front Range Biosciences Announces International Partnership with the Centre for Research in Agricultural Genomics

Salveo Capital portfolio company Front Range Biosciences (FRB) announced its entry into a partnership with the Barcelona-based Centre for Research in Agricultural Genomics (CRAG). The breeding partnership will allow for FRB to leverage CRAG's world-class research facilities to advance its marker-assisted breeding platform in the development of new cannabis plant varieties, and make improvements in hemp cultivation methodology.

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Sean Doyle
Another Chicago weed company acquired—this time, for $850 million

Verano Holdings is the second major acquisition of a Chicago-area cannabis company in recent months. “There’s a huge land grab, and people are racing to bulk up,” said Michael Gruber, managing partner at Salveo Capital. “People are trying to get a big enough footprint in the belief some of the legislation happens and provides them an incredible position.”

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Sean Doyle
Investing Ideas for Extraction and Vape

Michael Gruber, a managing partner at Salveo Capital, provides input on the continued oil extraction interest from institutional investors looking to back companies before they go public or get sold to conglomerates. Salveo already has several investments in companies involved in non-smoking consumption of cannabis, with exposure to topical lotions, vape pens and cartridges, lozenges and other items.

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Sean Doyle
Pot-adjacent companies look to cash in

Plenty of firms are angling to get into the cannabis business without actually touching the plant. Though most of the venture-backed ancillary cannabis businesses that focus on technology are based on the West Coast, the Chicago area is home to a few others with different specialties - input provided by Michael Gruber, a managing partner at Salveo Capital.

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Sean Doyle