Salveo Portfolio Company Front Range Raises $3MM For Expansion

Front Range Biosciences (“FRB” or the “Company”) a leading agricultural biotech company that specializes in tissue culture propagation of high value crops, is pleased to announce it has raised $3 million in bridge round funding. This funding will go towards scaling FRB’s processes, as well as expansion into California and other legal cannabis states in the United States

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Salveo Capital Executes First Closing, Completes Initial Investments

Salveo Capital is a private equity fund dedicated to supporting high growth businesses supporting the legal cannabis ecosystem, with a focus on companies across a few sectors: information, data & analytics; financial payments & services; medical products, formulations & delivery; ag-tech & grow systems; and business services.

Salveo has completed investments in Headset and Front Range Biosciences. Headset is a Washington state located firm providing key actionable analytics to manufacturers and retailers within the cannabis industry. Front Range is a biotechnology providing a cost effective method to produce disease-free clones.

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Salveo Capital Joins 16-Strong Cannabis Fund Market With Upgraded Team

“A lot of new initiatives are coming on. Before, we didn’t have states that were adding laws and awarding licenses, so there was a bit of a lag in the market that has started to change in about the last year,” explained Thiersch. “Now it is humming on all cylinders and we are seeing a ton of movement. There will be a lot of opportunity in the next one to two years especially if some of the big East Coast cities that are huge markets open up."

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Salveo Capital Re-launches Cannabis-Focused Salveo Fund I

The fund’s primary investment space will be in early stage ancillary businesses that enable the legal cannabis industry and that are not subject to state regulations. Key investment areas will include financial, payment, and banking businesses, grow systems, agriculture and operations, software, digital and IOT, genetics, chemistry, and business services.

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How Big Is The Market For Legal Pot!

Ready or not, with its legalization in several states and those old-school taboos surrounding weed being febrezed away, a massive dollar sign hangs above Marijuana industry as its potential growth projections outpace the smartphone industry.

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The Most Effective Cannabis Legalization Strategy Is to Put Patients First

Yes, full personal use legalization would by definition give access to the widest range of patients, but it’s a reality that a large chunk of voters and legislators do not support fully legal cannabis. Step by step legalization, prioritizing medical access, has worked across the country at alleviating the suffering of countless people while also providing much needed education for skeptics. It’s important to push for what can pass, and then work from within that system to make people comfortable with more.

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Will 2016 Be the Year of Cannabis?

Of course the big news federally is this year's Presidential election, and virtually every serious candidate now at the very least supports the continuation of allowing states to make their own cannabis laws. This, of course, reflects the huge popularity of medical cannabis among the population at large and in swing states in particular.

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