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BioTrackTHC, producer of cannabis inventory tracking and reporting software, is the first addition to the portfolio of Greenfield Capital Partners, a fund focused on legal cannabis infrastructure and technology.
Details about the previously mooted cannabis VC fund from US rapper Snoop Dogg have been revealed in SEC filings.
4Front Capital has completed its first round of capital raising to make strategic investments in the production and distribution of cannabis in various states in the US, leveraging off its consultancy business.
CannaVest, a manufacturer and distributor of hemp derivatives, closed a $6.5m financing with an undisclosed institutional investor.
Legal cannabis is a $1bn market in Las Vegas alone and is a less risky investment than the internet in the 1990s, Leslie Bocskor, managing partner at Electrum Partners tells Agri Investor.
With a focus on making acquisitions and investments in the emerging legal cannabis sector, Tumbleweed Holdings has hired two management executives to help with a growing pipeline of deals.
The US rapper contributed to the $10m Series A round of funding for Eaze, a San Francisco headquartered company.
Privateer Holdings has raised the round from a mix of family offices, high net worth individuals and institutional investors including PayPal's Peter Thiel.
Flow Kana, the Californian service promoting organic cannabis production, is raising capital for technology improvements.
At least three investment firms are offering exposure to the herb as M&A volumes increase, according to PwC.

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