Ancillary Marijuana Companies

Robotanical Wins Investor Pitch Slam Contest

Becky Olson  | November 12, 2015

Robotanical, which manufactures automated vaporizer cartridge refill machines that produce virtually zero waste, took home the trophy and bragging rights in the Investor Pitch Slam competition at the Marijuana Business Conference and Expo on Thursday.

Robotanical and four other cannabis companies – Annabis, Boutique Nursery Barn, California’s Kindest and MacLou – were chosen to compete …

Firm Launches $25M Cannabis Fund

John Schroyer  | November 11, 2015

Canna Group, which provides consulting services to the marijuana industry, has launched a $25 million private equity fund that will invest in ancillary businesses that aren’t subject to state regulations.

The fund, called Sugar Leaf, will focus on businesses that specialize in financing, payments and banking, grow systems, agriculture and operations, software, digital and …

Wholesale Cannabis Platform Closes $750K Funding Round

John Schroyer  | November 5, 2015

A new online cannabis wholesale platform scheduled to launch in the first quarter of next year announced that it has closed a $750,000 round of funding.

LeafLink, which is based in New York, raised the cash via a group of angel investors in the state, according to Techcrunch. The new platform aims to …

Cannabis Social Network Clears First Hurdle to Nasdaq Listing

Omar Sacirbey  | November 5, 2015

By Omar Sacirbey

A fast-growing social network for marijuana users is entering a key phase in its quest to get listed on the Nasdaq, which would mark a groundbreaking development for the cannabis industry and MJ stocks at large.

Kannalife Drafts Famed Concussion Doctor

Omar Sacirbey  | November 4, 2015

The physician portrayed by Will Smith in the upcoming football film “Concussion” has been named to the scientific advisory board of Kannalife Sciences, which has been developing marijuana-based products to treat concussions and other head injuries.

Dr. Bennet Omalu is slated to be on Kannalife’s board through 2016. He will oversee clinical tracking protocols …

Cannabis Packaging Firm Nets $1M, Partners With Snoop

Omar Sacirbey  | November 3, 2015

FunkSac, a packaging company catering to the cannabis industry, has reportedly received more than $1 million in funding from Casa Verde Capital and also struck a partnership with the investment firm’s managing member, Snoop Dogg.

FunkSac CEO Garret Fortune said the company will use the funding to pay off debt, open new facilities, expand …

Marijuana Startup Tradiv Closes $1M Funding Round

John Schroyer  | October 30, 2015

Tradiv, which runs an online platform that facilitates wholesale transactions in the cannabis industry, has cemented a $1 million round of funding to help fuel its growth.

The firm formally launched on Oct. 1 after finishing a business accelerator program with CanopyBoulder in June. It was able to raise the $1 million through connections …

BioTrackTHC Sued By its Former Attorney

John Schroyer  | October 30, 2015

One of the leading software firms serving the cannabis industry has been hit with a lawsuit by one of its former attorneys over alleged violations of an employment contract.

The lawsuit – filed in a Broward County, Florida, circuit court – alleges that BioTrackTHC has not granted or paid the value of stock options …

MMJ Vaporizer Firm Lands $1.65M From Dutch Province

Omar Sacirbey  | October 30, 2015

A provincial council in the Netherlands will invest about $1.65 million in a company that is working on a vaporization system involving cannabis-impregnated pads.

The company, Spirocan, hopes to complete development next year and then begin clinical trials on patients, company spokesman Pieter Andre de la Porte told the Financieele Dagblad.

The product is expected …