Tuatara invests $3.3 million in Colorado cannabis extracts firm

Tuatara Capital, a New York-based canna-centric investment private equity fund, has invested $3.3 million in marijuana extracts company Green Dot Labs.

Boulder, Colorado-based Green Dot Labs initially had sought to raise $2.6 million in its Series A round, but Tuatara supplied all of the funding – and then some – a spokeswoman for the extracts company told Marijuana Business Daily.

According to a news release, Green Dot Labs is developing its own methods for indoor cultivation and extraction as well as products for Colorado’s growing edibles and concentrates market.

Tuatara also will provide a strategic adviser to Green Dot Labs, which is building a new extraction facility that’s expected to come online in October, the release said.

Tuatara, an aggressive investor in the cannabis sector, manages over $107 million in cannabis-related assets.

In May, for example, Tuatara led a $12.3 million Series B funding for Teewinot, a Florida company that develops synthetic, cannabinoid-based medical therapies.

One comment on “Tuatara invests $3.3 million in Colorado cannabis extracts firm
  1. Ean Seeb on

    Congrats to Alana and Dave Malone and the whole Green Dot Labs family! They have been the definition of quality concentrates in Colorado since their first day in the business. A well deserved evolution to the consummate professionals in their growing business.

    Reply

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