Marijuana Business Magazine

AmeriCann Nabs $10 Million Denver-based AmeriCann raised $10 million in equity financing that it will use to finalize the build-out of a massive Massachusetts medical cannabis cultivation operation. The financing, from Phoenix-based Mountain States Capital , will mostly be used on a 1-million-square-foot MMJ cultivation and processing center in Free- town, about 50 miles south of Boston. Massachusetts-Israeli Partnership Medical marijuana research firm Tikun Olam has expanded its partnership with canna-centric Massachusetts holding company MariMed . The deal will eventually increase the Israeli business’ U.S. footprint to seven states. Under the new agree- ment, Tikun Olam’s MMJ products will be grown, manufactured and sold in four states where MariMed has a presence – Illinois, Maryland, Massachusetts and Rhode Island. The arrangement will begin in 2018. Arkansas Beer Lab Spends Big For Cannabis Little Rock, Arkansas-based Marygold Laboratories is planning to spend $1.1 mil- lion to enter the cannabis testing space. Marygold, a craft beer-testing lab, will check marijuana for potency – THC and CBD levels – as well as moisture and contaminants. Weedmaps Joins Boston Chamber Weedmaps , the popular dispensary and recreational marijuana store review site, has joined the Boston Chamber of Commerce and is finalizing a lease for an office that will house its sales and marketing team in the city’s downtown area. Weedmaps will also be near the statehouse, where the company plans to be a lobbying force. Hall of Fame QB Invests in MJ Site Marijuana content website Herb raised $4.1 million in seed funding from a group of investors that includes Hall of Fame quarterback Joe Montana. Herb provides how-to video content along with news articles and other information. The company’s inves- tors include: Lerer Hippeau Ventures ; Liquid 2 Ventures (led by Montana); Slow Ventures ; Buddy Media co-founder Michael Lazerow; Shiva Rajarama; Shopify CEO Tobi Lutke; Shopify Chief Operating Officer Harley Finkelstein; and venture capitalist Adam Zeplain. Eaze-y Money Eaze , a canna-centric technology company in San Francisco, has raised $27 million in Series B financing. Bailey Capital led the raise, with additional funding by DCM Ventures , Kaya Ventures and FJ Labs . Eaze’s latest funding round brings the com- pany’s total financing to $52 million. Eaze – best known for its EazeMD mobile app that connects cannabis customers with marijuana delivery services – said it will use the money for continued expansion in California and other states. Tuatara Infuses Extract Company With $3.3 Million Tuatara Capital , a New York-based canna-centric private equity fund, has invested $3.3 million in Colorado marijuana extracts company Green Dot Labs . The Boulder- based company initially had sought to raise $2.6 million in its Series A round, but Tuatara supplied all the funding – and then some. Al Foreman, Tuatara 168 • Marijuana Business Magazine • November / December 2017