Canopy Boulder has accepted eight startups for its Fall 2017 class, including a cloud-based quality management tool for multi-state canna-business operators, an agriculture technology hardware service, and a software platform that helps businesses manage and mine their online reviews. Each startup accepted to the program receives $30,000 in seed funding with the opportunity to earn another $50,000 later.
Patrick Rea, co-founder and managing director of Canopy, said the state’s industry has “shifted from just keeping up with demand to competing and stealing market share from one another” which has led to “increased interest in, and demand for, the cannabis technology companies that Canopy is investing in.”
“We expect this trend to continue nationwide as state markets mature,” he said in a press release.
The companies accepted to the Fall program include:
Colorado-based Virtugro, who develops automated grow-tech solutions for medium to large-scale cultivators.
My THC Guide, founded by Ebony Costain of Appamattox, Virginia, and Jameson Bennett of Louisville, Kentucky, a chatbot for the cannabis industry.
Cannabis Quality Group, developers of the cloud-based integrated quality management system.
Serene, founded by Ed Mcllory and Adam Bray of London, England, which encourages an outdoor, active lifestyle by leveraging technology.
Redfield Proctor, a “startup in stealth mode” focused on cannabis industry efficiency.
Dispenserly, which manages, monitors, and mines cannabis industry reviews to identify new opportunities and trends.
DeepGreen, which uses artificial intelligence and machine vision technology to identify plant characteristics. The company is founded by an international team hailing from Germany and France.
GreenScreens manages a network of digital flat screens in dispensaries throughout the country that rotate menu information and advertising to inform and target customers in the store.
In addition to funding, companies are able to work with experienced industry mentors and have access to Canopy partner services.
Get daily news insights in your inbox. Subscribe