CanopyBoulder invests $575,000 in follow-on capital

BOULDER — CanopyBoulder, an accelerator and venture fund for ancillary companies to the cannabis industry, has made $575,000 in follow-on investments in several cannabis companies.

At least eight companies that previously went through Canopy’s business accelerator and received an initial $30,000 investment are receiving follow-on capital.

“These follow-on investments demonstrate CanopyBoulder’s commitment to sustaining long-term relationships within our startup community and is a testament to our confidence in the viability of these innovative companies,” Patrick Rea, co-founder and managing director of CanopyBoulder, said in a prepared statement. “We look forward to contributing to the continued growth of the companies by supporting their founders as they move the cannabis industry forward.”

SPONSORED CONTENT

People Powered: Preparing Longmont Businesses for Economic Success

Longmont Chamber and FNBO present People Powered on April 24, 2024, aiming to inform business owners about workforce development, housing, and transportation issues.

The companies are:

• Andia — a developing backend security protocol that allows a blockchain layer for storage, access control and integrity of biometrics and other sensitive user information.
• BDTNDR — a learning management system with cannabis information for budtenders, allowing for better brand management and education for consumers while also benefiting the bottom lines of brands and dispensaries.
• Best in Grow — provides product sampling and review solutions for brands, dispensaries and budtenders while generating expert review content that changes the way consumers engage with products.
• Deepgreen — artificial intelligence and computer vision technology for agricultural manufacturers, with plug-and-play vision capabilities that brings health diagnosis and other key information to farmers.
• GreenScreens — a digital screen solution for dispensaries, employing digital menu boards to offer education and advertising directly to consumers at point of sale.
• Miele & Co. Events — plans C-level retreats and hosted buyer summits for the cannabis industry
• Sana Packaging — hemp-based plastic packaging solutions for the cannabis industry that is 100 percent plant-based and chemical-free and also child-resistant
• 420Klean — a central distributor of industry-specific cleaning products, supplies and services to cultivators, extractors and dispensaries.