Tag: Cannabis

Cannabis VCs explain what it takes for startups to get their attention

  • As the cannabis industry matures, winners have begun to separate themselves from the pack and position themselves as leaders in their categories.
  • VCs are taking notice. They said they’re shifting their investment dollars from early stage firms to growth stage companies that already have a proven track record.
  • According to data from PitchBook, VC investment in cannabis startups cratered this year, as the cannabis bubble burst and investors pulled back during the pandemic.
  • Many investors told us they’re still open to new exceptional startups, however.
  • Business Insider talked to six VCs who say that for a startup to get their attention, the company would need to have solid leadership, an idea that would completely innovate or create a category, and the ability to scale quickly, among other qualities
  • Subscribe to Insider Cannabis for more stories like this.

The crowded cannabis market has thinned out since its boom in late 2018,

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Big Issues Face The Cannabis Industry But A.I. Is Here To Help

If two markets are pretty much guaranteed to make money over the next decade separately it’s artificial intelligence and cannabis. Together, the pair could form a perfect storm thanks to COVID-19 driving demand. Cannabis is more popular than ever thanks to lockdowns and vape technology and the market is predicted to be worth $76.3 billion by 2027). A.I. adds new business benefits for the industry that the COVID boom could mean big changes ahead for regulation.

Adrian Holguin, CEO of CannaShark Consulting, started consulting for cannabis companies in 2017, and in three years he says the changes have been dramatic. Previously a Silicon Valley alum working in intellectual property and patents and trademark work, Holguin, now works with entrepreneurs and startups entering the

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Trym raises $3.1M seed to grow its cannabis cultivation platform

Commercial cannabis operations often rely on software platforms to track and forecast crops from seed to sale. Trym today is announcing a large $3.1M seed round that will help the company expand its software offering.

Trym’s solution offers commercial growers a robust set of features, including integration with the regulatory platform Metrc and environmental sensors. Using the system, growers gain a powerful tool to grow their plants and business thanks to comprehensive analytics capabilities and operations management.

Trym’s seed round came from friends and family, along with notable investors. Out of the $3.1M round, $1M came from friends and family. At the same time, 7thirty Capital and Delta Emerald Ventures co-led the preferred round of $2.1M with participation from Welcan Capital, Arcview Collective Fund, and others. Trym says the round was oversubscribed.

“Our investors are a perfect match with Trym’s DNA,” said Matt Mayberry, CEO, and co-founder, Trym in a

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Trym Closes $3.1M Seed Round to Advance Cannabis Cultivation Software and Accelerate Growth

7thirty Capital and Delta Emerald Ventures co-led the investment with participation from Welcan Capital, Arcview Collective Fund, and others

NOVATO, Calif., Sept. 29, 2020 /PRNewswire/ — Trym, a pioneering cannabis cultivation software company, is pleased to announce the completion of its $3.1M seed funding round of financing. In addition to an initial friends and family of $1M, 7thirty Capital and Delta Emerald Ventures co-led the preferred round of $2.1M. Welcan Capital, Arcview Collective Fund, and others also participated in the oversubscribed round. The funding will enable Trym to make further software advancements and expand its trusted farm management platform into new markets.

(PRNewsfoto/Trym)
(PRNewsfoto/Trym)

“Our investors are a perfect match with Trym’s DNA,” said Matt Mayberry, CEO and co-founder, Trym. “They understand that connectivity is the future of cannabis agriculture and that to stay in the game, commercial cultivators have to closely track and manage all aspects

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Cannabis Extraction Market 2020 Top Key Players, Share, Size, Evolving Technology, Trends and Industry Analysis 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 28, 2020 (The Expresswire) —
Global “Cannabis Extraction Market” report includes overview of industry characteristics, manufacturing technology, industry chain analysis and latest market trends and dynamics. The Cannabis Extraction Market report also explores future trends for supply, demand and growth rate, size, prices, Cannabis Extraction market share, trading, competition and value chain as well as Key Players of the industry’s information with forecast from 2020 to 2026.

Scope of the Cannabis Extraction Market report is as follows:

● To define and segment the market for Cannabis Extraction ● To analyse and forecast the Cannabis Extraction market share and size, in terms of value and volume ● Raw Material Supply and Downstream Consumer Information are provided in Cannabis Extraction market report. ● Industry Barriers and New Entrants SWOT Analysis

Top Key Manufacturers in Cannabis Extraction Market Report:

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Akerna Publishes eBook Detailing the Complex Needs of Technology in Cannabis

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The ability of technology in allowing the flow of data through the full cannabis supply chain becomes of paramount importance in facilitating regulatory compliance in the industry.

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The ability of technology in allowing the flow of data through the full cannabis supply chain becomes of paramount importance in facilitating regulatory compliance in the industry.

DENVER, Sept. 24, 2020 /PRNewswire/ — Akerna (Nasdaq: KERN), a leading compliance technology provider and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), is releasing a new eBook titled: Technology in the Cannabis Industry.

Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8728752-akerna-mj-freeway-platform-ebook/

The eBook details the growing need for operators to adopt sophisticated software technologies, like Akerna’s enterprise software MJ Platform, in order keep up with the increasingly complex and rapidly consolidating cannabis industry.

Read the eBook: https://info.mjfreeway.com/hubfs/E-Books/MJF_Technology_ebook.pdf

The unique and complex nature

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Canix aims to ease cannabis cultivators’ regulatory bookkeeping

Growing cannabis on an industrial scale involves managing margins while continually adhering to compliance laws. For many growers, large and small, this consists of constant data entry from seed to sale.

Canix’s solution employs a robust enterprise resource planning platform with a steep tilt toward reducing the time it takes to input data. This platform integrates nicely with common bookkeeping software and Metrc, an industry-wide regulatory platform, through the use of RFID scanners and Bluetooth-enabled scales.

Canix launched in June 2019, and in a little over a year (and during a pandemic), acquired over 300 customers spanning more than 1,000 growing facilities and tracking the movement of 2.5 million plants.

Canix’s founders are upfront with the software’s goal: reduce labor cost. During a talk with TechCrunch, the founders stressed how growers could increase margins through improved labor costs.

Growers generally rely on enterprise resource planning platforms to track and forecast

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CBD Company TresMonet Featured in the Cannabis Investor Magazine

Press release content from Accesswire. The AP news staff was not involved in its creation.

NEW ORLEANS, LA / ACCESSWIRE / September 14, 2020 / CannaInvestor Magazine announced today TresMonet, a fashion-forward, super-premium CBD brand using NASA-developed molecular technology is the featured company in the CannaInvestor Magazine Issue …

NEW ORLEANS, LA / ACCESSWIRE / September 14, 2020 / CannaInvestor Magazine announced today TresMonet, a fashion-forward, super-premium CBD brand using NASA-developed molecular technology is the featured company in the CannaInvestor Magazine Issue …

NEW ORLEANS, LA / ACCESSWIRE / September 14, 2020 / CannaInvestor Magazine announced today TresMonet, a fashion-forward, super-premium CBD brand using NASA-developed molecular technology is the featured company in the CannaInvestor Magazine Issue #61. CannaInvestor Magazine is the leading industry investment magazine for cannabis investors, analysts, executives, entrepreneurs, and the financial media. The digital version of the magazine is accessible and free to

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3 Exciting Ways Technology Is Changing The Cannabis Industry

Technology affects just about everything, from the way in which we interact with others to how companies function. The cannabis industry isn’t exempt from technology’s reach. Thanks to marijuana’s legal developments over the last couple of years, the plant has been embraced by a myriad of people and businesses. The more time that passes and the more that technology develops, the more likely it is for cannabis to become involved in the medium, changing the way in which we buy and use products.

While it’s too soon to make any grandiose statements, technological developments in the weed industry are becoming more prominent. PC magazine compiled a few of the most interesting advancements that are affecting the cannabis industry. Here are 3 of our favorites:

Personalized products

Legalizing Marijuana Had No Prevalance Teen Cannabis Use
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RELATED: The Cannabis Industry’s ‘Essential’ Upside From COVID-19

The use of marijuana varies widely from person to person, all due

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Cocoon Technology Launches at First of Eight THRIVE Cannabis Marketplace Locations

LAS VEGAS, Sept. 9, 2020 /PRNewswire/ – Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (“AUSA” or the “Company”) and its subsidiary Cocoon Technology (“Cocoon”) are pleased to announce the installation of CocoonPod self-service kiosks at THRIVE Cannabis Marketplace at 2755 W Cheyenne Ave, 103, North Las Vegas, NV, the first of eight locations operated by THRIVE. The launch is a positive step towards the Company’s continued commitment to  U.S. focused cannabis operations.  Installations at the remaining seven locations are anticipated in the coming months.

“We are very pleased to have completed our first installation with THRIVE, especially with the challenges and delays Covid-19 has presented,” said Max Aceituno, Chief Marketing Officer of AUSA. “Covid-19 has increased awareness and the need for social distancing and safety measures. As dispensaries begin the initial phases of reopening, CocoonPod helps mitigate the associated safety concerns while expediting the shopping experience.”

Cocoon

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