A Seattle-based startup that focuses on technology to infuse products such as sugar with THC has raised $410,000 to help fund its growth.
DeepCell Industries, which isn’t a marijuana plant-touching company but stays strictly on the tech-development side, licenses its technology to cannabis product manufacturers, according to GeekWire. The company already has trademarked tech licensed to a firm called Green Labs that pays DeepCell for its Ruby Cannabis Sugar brand, which infuses sugar with cannabinoids.
The capital raise is part of a larger $450,000 seed round, according to GeekWire, and the company declined to identify its investors.
Though the raise is sizable, it’s arguably on the smaller side, given that many recently announced capital investment deals in the cannabis space have been in the millions, if not tens of millions.
