Ascend Wellness Holdings Ramps Up Capacity

Receiving license approval clears the way for Ascend Wellness Holdings (AWH) , a Salveo Capital portfolio company, to immediately add critical capacity to the Illinois retail cannabis market which is expected to grow between 5-10 times its current size once adult use sales begin on January 1.

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Sean Doyle
Coda Signature Now Available in Over 100 California Dispensaries

“We are thrilled to bring our products to the world’s largest legal cannabis market,” explained Mark Grindeland, Co-Founder and CEO of Salveo Capital portfolio company Coda Signature, who was recognized as one of the top 10 MVPs in the industry at the 2018 Cannabis Business Awards. “We’ve been able to build momentum so quickly in the California market because of the quality of our products, sales team and distribution partner HERBL (also a Salveo Capital portfolio company).”

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Sean Doyle
This Agricultural Biotech Company is Helping Cannabis and Hemp Companies Avoid Commoditization

The cannabis and hemp industries have yet to be flooded with biotechnology competition, but a number of companies are making headway. Salveo Capital portfolio company Front Range Biosciences has developed a Clean Stock program, which it uses to supply young hemp plants and seeds to cultivators, helping them avoid pathogens and compromised genetic profiles. Co-Founder and CEO Dr. Jon Vaught spoke with New Cannabis Ventures about his company’s experienced team, products, partnerships and focus on sustainability.

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Sean Doyle
Executive Spotlight: Milan Patel, Co-Founder & CEO of PathogenDx

Milan Patel leads the strategic vision, financial health and global growth of PathogenDx, a Salveo Capital portfolio company which provides disruptive DNA-based pathogen testing technology and solutions for the cannabis, botanical, food and agricultural industries. Previously, Mr. Patel spent over 25 years working with large public, small private and entrepreneurial companies in numerous fields from the life sciences, to biotechnology, to government services and the automotive industry.

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Sean Doyle
2019 Cannabis Trends: What’s Hot In The Industry

Companies like Green Thumb Industries (CNSX: GTII) are spending millions of dollars to acquire luxury brands like Beboe, and the luxury brands themselves have begun to attract the interest of deep-pocketed investors. For example, several months ago Coda Signature, a Salveo Capital portfolio company and luxury infused edibles brand, raised $24.4 million in Series A funding.

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Sean Doyle
Here's what legal weed will mean for Chicago startups

Akers expects the process of securing venture capital to be easier than it was as investors begin to pay more attention to the industry as a good (and legal) bet. Salveo Capital, a Chicago-based venture capital firm focused on investing in cannabis-tech, has backed a number of companies throughout the country, including Chicago dispensary Grassroots Cannabis.

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Sean Doyle
Front Range Biosciences Raises $8.5 Million in Insider Round

Front Range Biosciences® ("FRB"), announced that it has completed an $8.5 million Insider Round with participation from key investors including Militello Capital, Welcan Capital, AFI Capital, Phyto Partners, Harvard Business School Alumni Angels of New York, New York Angels, Sand Hill Angels XVI, LLC, Arcadian Capital Management, Halley Venture Partners LP and Salveo Capital, as well as other returning investors. The round was oversubscribed with tremendous support from existing investors, highlighting the company's growth trajectory from those who know FRB best. The Insider Round increases FRB's pace of expansion for its Clean Stock® program, breeding program and intellectual property portfolio.

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Sean Doyle
Flow Kana Highlights Emerald Triangle Farmers In New Video Series

Within this cannabis epicenter, small craft farmers ply their trade, creating synergy with cannabis businesses like Salveo Capital portfolio company Flow Kana. To honor these inestimable players, company co-founders Flavia Cassani and Michael Steinmetz have created a compelling video series that demystifies and personalizes the farmers.

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Sean Doyle
5 Cannabis Payroll Platforms

1. Wurk - Salveo Capital portfolio company Wurk has developed cannabis software for payroll and human resources. The company’s relationship with banks and financial institutions allows it to offer payroll services to all verticals within the cannabis industry, including those that have not had access to payroll management systems previously.

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Sean Doyle
Data reveals what women want in cannabis

Salveo Capital portfolio company Headset’s Cannabis Market Intelligence confirms what we all know —that men and women have their own motives, preferences, rationales, and considerations when it comes to shopping for cannabis products.

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Sean Doyle
Coda Signature Launches in California

Salveo Capital portfolio company Coda Signature, maker of award-winning cannabis infused gourmet edibles, all-natural topicals, and handcrafted concentrates, has officially arrived in California. The company’s portfolio is being distributed by HERBL, also a Salveo Capital portfolio company, and products are now available at dozens of retailers across the state including MedMen, Barbary Coast, Kings Crew, Erba, All About Wellness, and home delivery service, Lakeside Remedy.

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Sean Doyle
The ABCs of CBD Lab Testing

“There are many types of cannabis and hemp products, and each has important things to look for on a test result,” said Josh Wurzer, President of Salveo Capital portfolio company SC Laboratories. “For CBD products, the first thing is the actual concentration or amount of CBD delivered per dose. Research suggests the effects of CBD are highly dose-dependent, and more is not necessarily better. What is more important is to find a dose that works for [the user] and try to hit that dose consistently, making small changes and noting the effects.”

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Sean Doyle
Fifteen Powerful And Innovative Women In Cannabis Right Now

Andrea Cabral is the CEO of Ascend Massachusetts, a Salveo Capital portfolio company. Her leadership in Ascend follows a 28-year career in government and public service. Most recently, she served as the Commonwealth’s Executive Secretary of Public Safety in the Administration of Governor Deval Patrick where she oversaw 14 statewide public safety agencies, including the Massachusetts State Police, the Department of Correction, the Massachusetts Emergency Management Agency, the Parole Board and the Massachusetts National Guard.

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Sean Doyle