CANNATECH INVESTING HEATS UP
In recent months, investors have been ????rushing into canna-tech start-ups like Dutchie, an e-commerce platform for dispensaries, ($35M, Series B), marketing tech company Fyllo, ($10M on top of a previous $16M Series A) and marketing platform Springbig ($11.5M, Series B).
Business Insider
- Overall, however, cannabis VC investing is way down from 2019.
- Business Insider spoke to six prominent cannabis VCs about ????what they’re looking for in deals. The short version, they’re shifting to larger companies with proven track records.
- MJResearchCO founder Mike Regan said companies with specific plans for the money they want to raise will have much more success.
MJBiz - Canna Law Blog looks at what the SEC’s new rules for accredited investors mean for cannabis.
Quick Hits
- A judge ruled against MSO Columbia Care in an IP dispute, part of ongoing litigation involving a contested Florida MED license.
WeedWeek - MedMen received another $20M loan with tough terms attached.
