Agribusiness  May 13, 2019

Corsica Innovations raises $4.5 million in private funding, mulls IPO

Corsica Innovations Inc. produces the Leaf smartphone-enabled mini fridge for growing cannabis or other plants. Courtesy Corsica Innovations Inc.
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BOULDER — Cannabis startup Corsica Innovations Inc. has raised $4.5 million in a private offering, even as it contemplates an initial public offering.

Corsica manufactures a smartphone-controlled mini fridge used for growing cannabis, herbs and other plants. The product is known as “Leaf.”

The raise was reported in a May 6 Form D filed with the U.S. Securities and Exchange Commission and included debt, options and warrants. The date of first sale was April 11, 2019, and the funds were raised from 56 investors.

Corsica Innovations was founded in Boulder but moved to Greeley in 2015 before moving back to Boulder in…

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Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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