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Cannabis E-Commerce Information Services Information Technology Marketplace North America

Mainstem Raises $5M in Series C Funding

– Mainstem is an integrated purchasing platform with an embedded marketplace for the supply chain needs of the cannabis industry, raised $5M in Series C funding.
Merida Capital Holdings made the investment, which brought total funding raised to date to $11m.
– The company intends to use the funds to continue to expand operations and its business reach.

Cannabis Information Technology Logistics Manufacturing North America Supply Chain Management

California Cannabis Startup Radiant Canna Raises $6M, Targets Multi-State Expansion

– Radiant Canna closed a $6M Seed Round investment.
– The round was led by D4 Investments, the investment arm of D4 LLC, part of the family office of James Kinsella and Robert McNeal. Other investors in the seed round include Donald Kivowitz and Charles Putnam, as well as Emles Venture Partners and West Creek Investments.
– The company provides tech-forward manufacturing and distribution services in California to multi-award-winning brands, including Mendocino Grasslands, Ahti Hash, SOG Army, Wonder Extracts, Arcanna, Woodstock Heritage Strains, Ridgetop Botanicals, Madame Munchie, and its own in-house extracts brand, Cosmic.

Cannabis Commercial Consumer Goods Farming Lifestyle North America Wellness

Kadenwood Raises $50M in Series B Funding

– Kadenwood is a plant-based wellness company based in Newport Beach, CA.
– Company raised $50m in a Series B funding round.
– The round was led by The Craftory and Arcadian Capital Management, and current investors.
– The funds will be used to expand the company’s product portfolio and scale its retail footprint.

Alternative Medicine Cannabis Manufacturing North America Retail

C3 Industries Raises $25M in Equity Funding

– C3 Industries, an Ann Arbor, Mich.-based multi-state, vertically integrated cannabis company, raised $25m in funding.
– The round was led by existing investor Madison Square Park Capital with participation from current investor Welcan Capital and new institutional investor Navy Capital, among others.
– The company intends to use the funds to accelerate its expansion in both its existing markets of Michigan, Massachusetts, Missouri and Oregon as well as new states, which it plans to enter organically and via M&A opportunities.

Cannabis Logistics North America Software Supply Chain Management

Nabis Secures $23M in Series B Funding

– Nabis is a licensed cannabis wholesale marketplace platform.
– Company raised $23m in Series B funding.
– The round was led by FJ Labs, Artemis Growth Partners, Silverleaf Venture Partners, Liquid 2 Ventures and Stanley Tang (Co-Founder, DoorDash).
– Investors in the $5m Series A raise, which closed less than a year ago, included Y Combinator and Babel Ventures.

Cannabis Consulting Information Technology Mobile Mobile Apps North America SaaS Software

Simplifya Closes $6M Series B Funding Round

– Simplifya from Denver provides regulatory and operational compliance software for the cannabis industry.
– The company raised $6m in Series B funding.
– The round was led by Blue Zone Wealth Advisors, with participation from existing investors Merida Capital and previous shareholders, as well as the addition of several new investors, including Mercury Payment Solutions Founder Jeff Katz, who also joined Simplifya’s Board of Directors.
– The new investment will be used to expand its operational presence and implement and launch its newest product offering, TENDR (the product will launch in beta with POS clients before the end of Q2).

Biotechnology Cannabis Medical Wellness Western Europe

Sanity Group Closes $44.2M Series A Funding

– Sanity Group, a Berlin, Germany-based cannabis startup, closed $44.2M USD Series A financing.
– The round was led by Redalpine with participation from Navy Capital, SOJE Capital, and GMPVC.
– The company intends to use the funds to further expand its medical division in Europe, build out a EU-GMP-compliant research and production facility in Frankfurt am Main, which will serve both the medical and the wellbeing areas of the Sanity Group in the future, and to expand its consumer goods business.

Alternative Medicine Cannabis Consulting Health Care North America Wellness

Texas Original Compassionate Cultivation Raises $21 Million in Series B Funding

– Texas Original Compassionate Cultivation (TOCC), Texas’ leading medical cannabis provider, announced it has secured $21m in Series B funding led by AFI Capital Partners, a growth equity fund investing exclusively in the cannabis industry.
– The funding will bolster the company’s production and support its statewide delivery strategy.
– TOCC’s latest funding follows the close of Texas’ 87th legislative session, where House Bill 1535—a bill that expands the medical marijuana program in the state—passed in both chambers. Under the expanded Texas Compassionate Use Program (CUP), all cancer patients and people suffering from PTSD will qualify for medical marijuana prescriptions. The passage of HB 1535 also increases the amount of allowable THC to 1% by weight.

Cannabis North America

Prima Closes $9.2M Funding Round

– The Uplifters’ Prima, PBC, a Los Angeles, CA-based company which specializes in botanicals innovations, closes a $9.2m funding round.
– The round was led by Greycroft, H Ventures, Defy, and Lerer Hippeau, with participation from Adam Zeplain (mark vc), Global Founders Capital, Emerald Health, One Gun, and Purple Arch Ventures.
– The company will use the funds for upcoming retail expansion, remedy-focused clinical research, portfolio refinement and education initiatives along its path to profitability.

Cannabis Food and Beverage Western Europe

TRIP, Soho House’s Exclusive CBD Brand Partner, Secures $5M Investment Amidst U.S. Launch

– TRIP, leading CBD drinks and oils brand in Europe, announces its launch into the U.S. with a $5M fundraise and exclusive partnership with Soho House Group.
– Strategic investors include Depop CEO Maria Raga and serial entrepreneur and investor Christian Angermayer.
– “We assessed CBD brands globally to find the best partner for Soho House. TRIP is a great brand that creates the best CBD products we’ve ever tasted, that fit exactly into the Soho House lifestyle,” says Soho House Beverage Director, Tom Kerr.
– Founded by husband-and-wife Daniel Khoury and Olivia Ferdi, TRIP has been dubbed the “Glossier of CBD”. With over a third of consumers returning monthly DTC, TRIP has a cult following and is driving conversations around mental wellbeing.

Big Data Cannabis Computer North America SaaS Software

Marijuana data platform Headset raises $1.8M to expand into recently legalized markets

– Seattle startup Headset, which provides a business intelligence platform for the legal cannabis industry, announced $1.8m in new funding.
– The company will use the funds to expand into recently legalized markets.
– In the U.S., 16 states and Washington, D.C., have legalized recreational marijuana for adults over age 21 and 36 states have legalized medical marijuana.
– In the past six months alone, half a dozen states have passed or are in the process of passing legislation legalizing marijuana in some form.
– Headset was founded in 2015 by CEO Cy Scott, Chief Design Officer Brian Wansolich and CTO Scott Vickers, who all previously co-founded Leafly, a cannabis resource platform.
– The latest funding was led by private equity investment manager Silverleaf Venture Partners with participation from cannabis-focused investors WGD Capital and Poseidon.

Cannabis Cloud Computing Cloud Data Services Compliance Enterprise Software North America

Fyllo Completes $30M Series B Financing

– Fyllo, the leader in digital marketing and compliance solutions technology for highly regulated industries, including cannabis, has closed an oversubscribed Series B round totaling $30M co-led by JW Asset Management and Sol Global.
– Additionally, Peter S Kraus, chairman and, CEO of Aperture Investors and former AllianceBernstein CEO joins the Company’s Board of Directors.
– Of note, sixty percent of the funds raised in the Series B comes from outside of the cannabis industry, underscoring the maturity of the burgeoning cannabis market and validating the Company’s potential to scale beyond the endemic market to address similar challenges faced in other highly regulated industries.

Cannabis Financial Services North America

Cannabis lender Bespoke Financial raises $8M from Casa Verde Capital and Sweat Equity Ventures

– Cannabis financing company Bespoke Financial raised $8m in Series A funding.
– The round was led by Snoop Dogg’s Casa Verde Capital and Sweat Equity Ventures, along with Ceres Group Holdings, Greenhouse Capital Partners, DoubleLine Capital’s co-founder and former president Philip Barach, and Robert Stavis, an investor based in New York.
– The company intends to launch new financing structures and expand its financing options across various distribution channels.

Cannabis Computer Electronics North America Retail Software

Blaze Raises $8M in Series A Funding

– Blaze is a Los Angeles, CA-based enterprise resource planning and point of sale platform for legal cannabis.
– The company raised $8m in Series A funding.
– The round was led by Delta Emerald Ventures with participation from returning investor Act One Ventures and new investor SOJE Capital.
– The new investment will be used to expand, scale and build out its product, sales and marketing efforts, enter new and emerging states with legal cannabis markets, refine and improve its software suite that allows for operations from seed to sale, including recently launched payments processing technology BLAZE Pay.

B2B Cannabis CRM E-Commerce Marketplace North America Supply Chain Management Wholesale

Leaf Trade Closes $5.5M Series A Round Led by Artemis Growth Partners, Future Shape, HPA

– Leaf Trade closed its $5.5m Series A round led by Artemis Growth Partners with participation from Future Shape 1.5 and Hyde Park Angels.
– Total funding for Leaf Trade comes to $10m to date. This includes the conversion of the company’s earlier round and provides significant fresh capital to accelerate current growth in the company’s core 17 markets, as well as to expand into west coast markets while continuing to invest in their technology.
– Leaf Trade, a technology company whose platform facilitates wholesale ordering and fulfillment for cultivators and retailers, recently launched its integrated payments platform, Leaf Pay, which provides for seamless, end-to-end order processing and payment for all transactions.

Cannabis Delivery Delivery Service E-Commerce Marketplace North America

Dutchie Raises $200M; Valued at $1.7 Billion

– Dutchie Raises $200m; Valued at $1.7b
– The round was led by Tiger Global with participation from new investors Dragoneer and DFJ Growth, and from existing investors including Casa Verde Capital, Thrive Capital, Gron Ventures, and former Starbucks Chairman and CEO Howard Schultz.
– The company intends to use the funds to add talent, expand into new markets, and launch major product developments to support cannabis dispensaries.
– Led by Ross Lipson, CEO and Co-founder, and Tim Barash, Executive Chairman, Dutchie is a cannabis technology platform focused on helping cannabis dispensaries throughout the United States and Canada streamline operations, grow and meet consumer demand.

Alternative Medicine Cannabis North America

Bluma Wellness Announces US$7.5 Million Loan from Cresco Labs

– Bluma Wellness Inc. has agreed to borrow $7.5m from Cresco Labs Inc.
– The loan will be used for capital expenditures associated with the expansion of One Plant’s operations in the State of Florida and to satisfy tax liabilities relating to the settlement of vested restricted share units.
– The loan is due and payable on December 31, 2021 unless declared due and payable prior to maturity as a result of an event of default.
– The loan may be prepaid in whole or in part at any time, without premium or penalty.

Cannabis E-Commerce Financial Services FinTech Mobile Payments North America Payments

Digital Payments Platform AeroPay Raises $5+ Million Venture Round Led by Chicago Ventures Amid Rapid Growth

– AeroPay, a digital payments platform, announced today the closing of a $5+ million Venture Round.
– The round was led by Chicago Ventures, a firm that leads investments in early-stage startups.
– The Chicago Ventures portfolio includes online financial services company M1 Finance, celebrity video-sharing website Cameo, digital parking marketplace SpotHero, and peer-to-peer review site G2.
– Other investors in the round include FinTech experts Continental Investors, who led AeroPay’s seed round, former Google executives, cannabis industry veterans, and seasoned enterprise retail professionals.
– The funding will support recruiting new talent, continued growth in the cannabis industry, and building out additional features of the product.

Advertising Affiliate Marketing Business Intelligence Cannabis Digital Marketing North America

Rev Ventures Group Secures $1 Million in Seed Funding Round

– Rev Ventures Group has secured $1m in seed funding round.
– The round was led by KEY Investment Partners with participation from Phyto Partners.
– It will be used to grow Rev Ventures’ management team, expand marketing efforts and develop its portfolio company RevOffers’ proprietary Attribution Engine.
– Rev Ventures helps companies transform their markets through the application of data, technology and analytics.
– RevOffers is a performance and affiliate marketing company focused in the Health, Pet and Home verticals that connects brands with publishers looking to generate advertising revenue.
– RevOffers’ Attribution Engine enables its advertisers and affiliates to benefit from proper attribution across a multi-channel digital marketing landscape.
– The industry-leading proprietary tracking technology processes thousands of data points from the entire customer journey to attribute or award credit to a publisher in the RevOffers network.

Cannabis Consulting North America

Schwazze Completes Latest Financing Round

– Schwazze closed its most recent tranche of preferred equity, increasing the total capital raised to date through its private placement offering to $56 million.
CRW Capital Cann Holding, LLC (“CRW”) led this investment round of $34 million along with an affiliate of Dye Capital & Company (“Dye Capital”) and other unaffiliated investors.
– Over the last three months, the Company raised a total of $71 million in financing split between this private placement offering and debt financing of $15 million.
– The first $10 million of this debt financing will be funded immediately while the remaining $5 million will be funded as part of the closing of an identified acquisition.

Cannabis Health Care Information Services Information Technology North America

Zentrela Raises $850K in Seed Funding

– Zentrela from Hamilton, Canada completed an $850K seed funding round.
– The round was led by Jornic Ventures.
– The company intends to use the funds to further commercialize its proprietary EEG test for cannabis impairment and create a scientific database of cannabis product effects.
– Led by Israel Gasperin, CEO and founder, Zentrela is a neurotech startup advancing the understanding of the brain effects of recreational cannabis and is creating a scientific database of cannabis product effects.

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