Coda Signature, a cannabis-infused edibles, topicals, and concentrates maker, best known for its chocolates and truffles – included in this year’s Oscar gift bags, will be receiving a big injection of capital. The funding round was led by Granite Hall Partners, with participation of Gotham Green Partners, Mazakali, and Salveo Capital, some of the top investment firms in the cannabis space.
Read MoreThe signings took place at a property owned by Salveo Capital portfolio company Front Range Biosciences, an agricultural biotech company that serves coffee and cannabis producers. “FRB is proud to stand alongside so many other Colorado hemp companies as leaders in the fight to legalize and appropriately regulate hemp” said Dr. Jonathan Vaught, FRB CEO.
Read MoreMilan Patel, CEO and Co-Founder of Salveo Capital portfolio company PathogenDx, said, "The Enviro product is remarkable – with a single swab, one can identify 50+ species and classes of microbes, with quick-turn results, by simply swabbing a grower/cultivation facility surface and vents. In addition, it is one of the few unique products in the cannabis market which can cross state and international borders legally.
Read MoreHarborside, a prominent Bay Area dispensary chain and Salveo Capital portfolio company, wants to establish itself as the dominant player in Northern California's cannabis industry. To do that, it's gone to Canada.
Read MoreTwo Salveo Capital portfolio companies, Cannabistry Labs and M Plant Productions, announced an exclusive partnership. The Root of It All, Cannabistry Labs premier line of cannabis-infused essential oil tinctures and topicals, will debut in California through M Plant.
Read MoreSalveo Capital portfolio company Ascend Illinois has dispensaries in Springfield and Collinsville, and plans to apply to open two more under the upcoming law. “We’ve located specific sites that we will be adding a recreational license to and looking to open up on Jan. 1 when it becomes legal,” said CEO Chris Stone.
Read MoreAmanda Reiman, VP of Community Relations for Salveo Capital portfolio company Flow Kana, is among the most recognized women in cannabis. Amanda was awarded the 2017 Influencer of the Year by Industry Power Women. Dope magazine has titled her the industry’s true Wonder Woman. She holds a master’s in social work and a PhD in social welfare.
Read MoreThe investment round, led by Salveo Capital, will support the company’s scientific research and market expansion. “KelSie is delighted to partner with Salveo and our other investors to bring effective and convenient drug and supplement delivery methods to more consumers,” said Cameron Keluche, KelSie Co-Founder. “We are committed to revolutionizing the delivery of cannabinoids and other drugs with superior bioavailability. Having experienced partners like Salveo and Arcadian is invaluable.”
Read More“We are pleased to see returning investors in this round, like Cresco Capital Partners, Quinsam Capital, and UJI Capital. Ongoing support from entities like these provides a strong vote of confidence in our operations and future of the Company.” - Andrew Berman, CEO of Harborside, a Salveo Capital portfolio company.
Read MoreAs the cannabis industry continues to evolve, market pressure will increase on businesses to adopt standardized methods to improve product safety, consistency and predictability. To do this, cannabis companies should consider the business modes of consumer packaged goods companies, according to Shehzad Hoosein, executive VP of Cannabistry Labs, a Salveo Capital portfolio company.
Read More“Our hope is to bring in as many farmers and brand partners as we can into our eco-system,” said Mikey Steinmetz, CEO and co-founder of Salveo Capital portfolio company Flow Kana . “We have grown quickly and expanded our services to a network of more than 200 farms and offer a range of distribution and white label services to a variety of licensed cannabis companies who share Flow Kana’s values to provide consumers with clean, compliant, and sustainable products. We want to find as many paths to market as possible for our partner farms.”
Read MoreCrain’s pointed to Salveo Capital portfolio company Grassroots as a Chicago-based company poised to hit the U.S. marketplace with an infusion of cash. The company raised $90 million earlier this year. Grassroots will funnel the money toward its Litchfield, Ill., cultivation facility, but executives have also pointed to further aspirations.
Read MoreSalveo Capital portfolio company Tokyo Smoke began as part of the city’s cannabis scene in 2015 as a coffee shop owned by Alan and Lorne Gertner. Since legalization, the store’s parent company HIKU Brands, has been purchased by Canopy Growth, the country’s largest cannabis producer by market cap, and runs four licensed dispensaries in Manitoba and two cafe locations in Toronto.
Read MoreThe Mayor of Newton, Ruthanne Fuller, has announced that she will be signing a provisional HCA with Ascend Mass, a wholly owned subsidiary of Salveo Capital portfolio company AWH. . The property located at 1089 Washington Street will be the third location for Ascend Mass. To date, Ascend Mass is the first and only new operator selected by the Mayor of Newton. Newton is one of the largest and most affluent suburbs in Boston.
Read More“As the federal government inches toward full legalization, we are already seeing non-cannabis-focused institutional capital coming into the market as (investors) get more comfortable with the positive regulatory momentum,” Jeff Howard, managing partner at marijuana-focused private equity fund Salveo Capital, told Investor Intelligence. In just the past month, two key legislative proposals advanced through Congress that industry experts believe could pave the way for cannabis reforms within the next year. The moves are “clearly positive for early investors,” and they signal a de-risking of the industry that’s driving up deal flow “in anticipation of positive developments at the federal level.”
Read MorePathogenDX, 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.
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