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.
Read More"Curaleaf is very pleased to be launching the first medical cannabis flower products to be offered in New York state, which is first and foremost a win for our patients," Joseph Lusardi, CEO of Curaleaf, a Salveo Capital portfolio company.
Read MoreCannabis cultivation companies with a foothold in “constrained” markets – those with relatively few licenses such as Massachusetts – have a natural advantage, thanks to limited competition and marijuana supplies. Salveo Capital portfolio company Tilt Holdings is one such company.
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.
Read MoreWithin 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.
Read MoreSalveo Capital portfolio company Curaleaf (CURA) (CURLF) became the first company to launch medical cannabis tablets in Florida. The company has made these tablets available at all of its 26 dispensaries in the state.
Read More1. 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.
Read MoreSalveo 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.
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.
“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.”
Read MoreSalveo Capital portfolio company Flow Kana is a cannabis company that doesn't grow any cannabis. Instead, it set itself up as a sort of "weed middleman" between 200 small farms and California dispensaries. And it could mean the difference between preserving a decades-old local industry or watching it give way to Big Cannabis.
Read MoreAndrea 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.
Read MoreSalveo Capital portfolio company Headset, the leading provider of data and analytics to the cannabis industry, announced it is launching its competitive intelligence tool, Headset Insights, in Canada. Recreational cannabis has been legal country-wide in Canada since October 2018, and the young and growing market is still developing. This will be Canada's first retail-derived cannabis market read based on aggregated Point of Sale data at the receipt-level.
Read MoreQuarter Brands, California’s coolest value-vaporizer offering a potent, 250mg ready-to-vape experience, announced an exclusive partnership with industry-leading distributor and Salveo Capital portfolio company HERBL Distribution Solutions. Under this newly minted partnership, HERBL will leverage its vast network of 400-plus licensed dispensaries to distribute flagship products from Quarter Brands.
Read More“I'm a big fan of Flow Kana (a Salveo Capital portfolio company). They have taken the axiom of outdoor grown, sun drenched cannabis flowers and given the word craft, at least in the cannabis world new meaning. Craft cannabis means micro-farming in smaller amounts, not massive corporate grows. Craft cannabis means to me the similar approach to craft spirits. Something hand-made, with love. Flow Kana empowers the small growers with the art and science of cannabis growing. They have given new meaning to the word, craft. “ - Warren Bobrow, Forbes contributor
Read More"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."
Read MoreCannabis companies -- like any other firm -- rely on software to help handle sales and the keep the books in order, and it turns out just five are dominant players in the scene. California has seen a surge in point-of-sale vendors as the market has grown 55% to 28 from 18. Counting just "active" licenses, with Salveo Capital portfolio company Treez leading the way followed by Indica Online and BioTrack.
Read More"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."
Read MoreHarborside, a Salveo Capital portfolio company, announced that it won three cannabis-related categories in the 2019 East Bay Express “Best of the East Bay” competition including Best Cannabis Dispensary, Best Cannabis Deals and Most Deluxe Cannabis Accessories.
Read MoreSalveo 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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