Front Range Biosciences Enters Collaborative Licensing Agreement with Steep Hill, Acquires Genomics Research & Development Team

"The Steep Hill R&D team is among the top three cannabis genomics groups in the world, and we are very excited to welcome them to FRB," said Dr. Jonathan Vaught, CEO and Co-Founder of Salveo Capital portfolio company Front Range Biosciences ("FRB"). "This acquisition is a major value inflection point for FRB, as the intellectual property we acquired significantly expands the value of our current portfolio and provides a multi-year leap in the speed of our IP filings. We look forward to strengthening the viability of the cannabis industry with such a monumental collaboration between leaders of agricultural sustainability through science."

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Sean Doyle
Headset Inc. Announces Partnership with PAX Labs for Better Inventory Management

"We chose to integrate with Headset (a Salveo Capital portfolio company) because they have one of the best VMI platforms in the market, with the most comprehensive data analytics and reporting dashboards," said Kristen Winterbotham, Director, Commercial Enablement at PAX Labs. "We're excited to be able to seamlessly provide our brand partners with the insights they need to grow their businesses while ensuring that our consumers have access to the products they know and love."

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Sean Doyle
Craft cannabis, capitalism & for-profit co-ops: Q&A with Flow Kana CEO Michael Steinmetz

Steinmetz, the Salveo Capital portfolio company’s CEO, likens his business to ones such as Sunkist, Uber, Lyft, Whole Foods and others where a centralized entity aggregates and supports small distributors and shares the profits. In essence, they are for-profit co-ops. So far, Steinmetz has successfully twinned capitalism and craft. Is this a model for the future? Marijuana Business Daily spoke with Steinmetz about this and other topics.

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Sean Doyle
Infusing marijuana with data: Cannabis industry vets aim to clear the haze in a booming industry

Salveo Capital portfolio company Headset is riding a wave of cannabis industry growth. This past January, the company raised $12.1 million to help expand its business. Two months later the company inked a key partnership with Deloitte and Nielsen to provide U.S. and Canadian pot manufacturers with a deep-dive into how their customers think about cannabis, how often they use it and which brands they buy, among other data.

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Sean Doyle
How Colorado hemp and cannabis companies are using innovation to boost crop yields

“[Farmers] need to use seeds and young plants that will adapt to a specific region, climate and utilize as little excess resources as possible,” Jonathan Vaught, CEO and co-founder of Front Range Biosciences, a Salveo Capital portfolio company. The Lafayette-based agricultural biotech company serves coffee, hemp and cannabis producers. The company uses technology to improve plant breeding, eliminate pests and abolish plant diseases.

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Sean Doyle
Under-the-Radar Largest Remaining Private American Cannabis Operator Goes Deep Rather than Wide

Eighteen months ago, Salveo Capital portfolio company Ascend Wellness Holdings didn’t exist, but already it is executing on an aggressive limited license market strategy and taking a different approach than many early mover MSOs. Founder and CEO Abner Kurtin spoke with New Cannabis Ventures about the company’s strategy to become a top player, the ramp-up of its operations and plans for a potential public listing.

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Sean Doyle
Coda Signature CO2 Oil Recognized as one of Colorado’s Top Concentrates in Rooster Magazine’s 710 Showdown

“This is so gratifying—for the third time in the past year our concentrates have won recognition from aficionados and experts in the industry,” said Elizabeth Cooke, Co-Founder and President of Salveo Capital portfolio company Coda Signature. “As the Coda Signature brand expands from its origins in luxury edibles into topicals and concentrates, these awards prove we’re fulfilling our brand promise of bringing customers best-quality cannabis products, no matter the category.”

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Sean Doyle
Coda Signature Co-Founder and CEO Mark Grindeland Speaking at NCIA Cannabis Business Summit & Expo 2019

“As the Coda Signature brand expands into California, the world’s biggest legal cannabis market, I look forward to sharing with my colleagues lessons I’ve learned about how to create a solid foundation for a cannabis brand that will endure,” said Mr. Grindeland, CEO of the Salveo Capital portfolio company.

Mr. Grindeland was recognized as one of the top 10 MVPs in the cannabis industry at the 2018 Cannabis Business Awards presented by Clover Leaf University, and the company received the 2019 NCIA Excellence in Innovation Award for Infused Products and Extractions at the Boston Seed-to-Sale Show earlier this year.

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Sean Doyle
Wurk Serves the Cannabis Industry’s Top U.S. Multi-State Operators

Green Market Report has compiled a list of some of the largest Multi-State Operators (MSO’s) in the country, and Salveo Capital portfolio company Wurk is proud to be supporting 5 of the 12 included in this list. As the cannabis industry rapidly progresses, Wurk has helped MSO's successfully navigate numerous mergers and acquisitions by effectively supporting massive workforce growth.

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Sean Doyle
PathogenDx and Nationwide Laboratory Services Announce a Strategic Partnership to Deploy Ultra-Rapid Molecular Pathology for Rapid Strain Identification

PathogenDx, Inc., a Salveo Capital portfolio company which provides a DNA-based pathogen testing platform for the cannabis, hemp, agriculture and food safety industries announced that they have entered into a strategic partnership with Nationwide Laboratory Services/The Hayes Division, a national medical lab testing company, to deploy PathogenDx's proprietary microarray technology for rapid strain identification in the dermatological and podiatric fungal testing industry.

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Sean Doyle
Curaleaf to Acquire Grassroots for $875MM, Creating the World's Largest Cannabis Company

Curaleaf, a leading vertically integrated cannabis operator in the United States, announced it has signed a definitive agreement to acquire Grassroots, a Salveo Capital portfolio company and the largest private vertically-integrated multi-state operator, in a cash and stock deal valued at approximately $875 million. This transaction solidifies Curaleaf's position as the world's largest cannabis company by revenue and the largest in the U.S. across key operating metrics. Grassroots has a leading presence in large markets in which Curaleaf presently does not operate, including Illinois, which in June became the 11th state to legalize adult-use cannabis.

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Sean Doyle
Innovative Industrial Properties Acquires Michigan Property and Expands Real Estate Partnership with AWH

“We are excited to team up with AWH (Ascend, a Salveo Capital portfolio company) again as their long-term real estate partner in Michigan,” said Paul Smithers, President and Chief Executive Officer of IIP. “AWH is very well-positioned, with a strong management team and balance sheet, as it ramps up its operations in Massachusetts, Illinois, Michigan and Ohio, each of which presents a tremendous market opportunity. We look forward to supporting their continued growth and success for many years to come.”

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Sean Doyle
Grassroots Cannabis is set to open what is believed to be the first medical marijuana dispensary in Lebanon, PA

“As we see states adopting medical marijuana legislation, people are starting to see the benefits of it,” said Talley Wettlaufer, VP of retail for Grassroots, a Salveo Capital portfolio company. “For people suffering from any number of ailments, it’s a relief for them. Wellness and feeling better is invaluable. I think states are trying to help, and their residents have a better quality of life because of it.”

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Sean Doyle
Why Big Investors Eying $194 Billion Market Are High On Cannabis

Cannabis technology firms are an increasingly important niche within the industry, observes another BI report. Since cannabis tech firms do not grow, process, distribute, or sell cannabis products themselves, they technically do not violate U.S. federal controlled substance laws.

Cannabis tech firms include Salveo Capital portfolio companies Headset and Treez. Headset has deals with accounting and consulting firm Deloitte, as well as market research company Nielsen, to provide data analytics regarding the cannabis industry to leading packaged goods companies. Treez designs software for cannabis retailers.

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Sean Doyle
PathogenDx and Zef Scientific Announce a Strategic Sales and Service Distribution Partnership for Microbial Testing in Canada

CEO and Co-Founder of Salveo Capital portfolio company PathogenDx, Milan Patel, said "PathogenDx's agreement with Zef Scientific offers the Canadian Cannabis market new access to ultra-rapid turnaround times for microbial testing. We know that the Canadian market has had supply challenges due to important regulatory mandates to protect patient and recreational consumer safety. This partnership will offer Canadian growers, retailers, distributors and regulators the chance to shorten testing and approval times with greater precision, while getting better and safer products to market faster for Canadian patients and consumers."

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Sean Doyle