PathogenDX, a Salveo Capital portfolio company, boasts a total turnaround time of six hours for its testing platform for cannabis, as opposed to "antiquated" platforms that take days, CEO Milan Patel said. This is beneficial for the cannabis industry, which is operating in a regulatory environment that demands more stringent testing methods, the CEO said.
Read MoreThe Real Goods Solar Living Center in Hopland, a lush 12-acre pitstop along Highway 101 showcasing sustainable and off-the-grid living, was sold to Salveo Capital portfolio company Flow Kana. The property in Mendocino County’s southernmost town has lured about 200,000 visitors a year into its solar demonstration sites and gardens since its opening in 1996.
Read MoreStreet Fight's Stephanie Miles recently reviewed five CRM applications - Salveo Capital portfolio company Baker, SpringBig, WebJoint, Soros and PipelineDeals - that have been specifically built for the cannabis industry. Of the five, it seems that Baker is the only true CRM application for that type of business. It leverages loyalty programs, online ordering and connections to point of sale systems to build a CRM database specifically geared to cannabis customers that can then be brought into a company's marketing and communications campaigns.
Read MoreBrother David’s is a social venture founded by cannabis and organic advocate, and activist soapmaker David Bronner, powered by small sun-grown farmer champion and sustainable cannabis supply chain company Flow Kana, a Salveo Capital portfolio company, to promote Sun + Earth certified cannabis and support small-scale organic cannabis farmers.
Read MoreAmid Gov. J.B. Pritzker's push to legalize marijuana for recreational use in Illinois, one of Springfield's two medical cannabis dispensaries has been purchased by Salveo Capital portfolio company Ascend.
Read MoreTo help everyone in Toronto celebrate 4/20 responsibly, Lyft and Salveo Capital portfolio company Tokyo Smoke have partnered to offer riders $4.20 off of one ride later today. “We’re thrilled to be collaborating with Tokyo Smoke as we work toward a similar goal and commitment, as well as provide Toronto residents with a responsible and reliable ride option. We’re also incredibly thankful to our drivers who help to get people celebrating in the city to and from where they need to go.” said Aaron Zifkin, Managing Director – Canada, Lyft.
Read MoreJeffrey Howard, a managing partner at Salveo Capital, a cannabis-focused private equity, lauds the Canopy/Acreage deal as "massive." However, he’s not surprised by it. “The amount of investment dollars leading to Canadian legalization has now shifted to the U.S.,” he said. “It’s great for the industry even though it’s still politically unclear, obviously.” Still, the deal does indicate “confidence in the progression” toward legalization in the U.S.
Read MoreThe paper, produced by Nielsen and its new data partner for the marijuana industry, Salveo Capital portfolio company Headset, looks at trends and predictions for 4/20, the international day of pot – kind of the Fourth of July or St. Patrick’s Day for weed. Unlike previous reports out of Headset, this one includes data from consumer insights company Nielsen. The firm, best known for putting out TV ratings and music sales information, provided numbers that uncovered a comparative view into legal cannabis and alcohol sales during consumption holidays.
Read MoreSalveo Capital portfolio company Harborside has been a stalwart name in the industry pushing for legalization long before it was considered a reasonable idea. Harborside is considered to be the largest California operator with over 29 licenses across the state. The stock is one of the premier cannabis companies in a very large market. They are growing at a rapid clip and they should be trading on the CSE by the end of the year, we highly suggest paying attention when they do.
Read MoreSalveo Capital portfolio company TILT Holdings, a leading provider of products and services to other businesses operating in the cannabis industry, announced the expansion of Blackbird’s delivery and supply chain services in the greater Los Angeles area covering an addressable population of more than 18 million people and thousands of businesses.
Read MoreThe High Times 100 celebrates the 100 most influential people in the cannabis world. From entrepreneurs and activists to entertainers and cultivators, the women and men on this illustrious list are shaping the current cannabis industry.
Read MoreFlow Kana, a Salveo Capital portfolio company and California’s number one selling cannabis flower brand, announced the debut of Flow Kana Limited Edition - an ongoing series of micro-batch, sungrown top-shelf, special releases highlighting select farms & cultivars in limited quantities.
Read MoreSalveo 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.
Read MoreSalveo Capital portfolio company Grassroots raised $90 million, more than double the amount it initially sought late last year. It’s one of several Illinois companies that have scrambled to raise cash in the past year amid a massive land grab in the cannabis business.
Read MoreSalveo Capital portfolio company Headset has formed an alliance with Deloitte and Nielsen to provide insights about the U.S. marijuana market to consumer packaged goods (CPG) businesses. Deloitte is one of the top accounting firms while Nielsen was named the No. 1 market research firm by the American Marketing Association last year.
Read MoreVerano 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.”
Read MoreSalveo Capital portfolio company PathogenDx announced a new corporate brand identity, logo and product portfolio. These changes come at a time when the company is extending its platform with new products and evolving from its Cannabis only focus to new industries.
Read MoreSalveo Capital portfolio company, Ascend, secures $55 million to support expansion into Ohio. Ohio will be the fourth state on the East Coast that the vertically integrated cannabis operator has entered.
Read MoreFamily offices are “not equipped to deal with this new deal flow, and the intricacies involved with the cannabis industry, based on their current team structures,” said Michael Gruber, managing partner at Salveo Capital, a cannabis investment firm that has worked with FOs on various deals.
Read MoreAmid the marijuana industry’s already massive first quarter of M&A and capital infusion activity this year, a new record has already been set. Salveo Capital portfolio company, Flow Kana, announced the completion of a $125 million round of financing — the largest private funding round of a cannabis company executed in the United States to date.
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