Marijuana Business Magazine November-December 2019

Marijuana Business Magazine | November-December 2019 28 New Data Deal New Frontier Data , a privately owned data analytics firm in Washington DC that focuses on the cannabis industry, plans to pay roughly $10 million for Zefyr , a Denver-area company in the same field. The cash-and- stock deal will allow New Frontier Data to “expand and deepen our data services,” New Frontier CEO Giadha Aguirre de Carcer said in a statement. Front Range Raise Front Range Biosciences , a technology provider for the breeding and production of new plant varieties and seeds in coffee and regulated cannabis industries, announced that it has completed an $8.5 million insider funding round with participation from key investors that include Militello Capital , Welcan Capital , AFI Capital , Phyto Partners , Harvard Business School Alumni Angels of New York , New York Angels , Sand Hill Angels XVI , Arcadian Capital Management , Halley Venture Partners and Salveo Capital , as well as other returning investors. The round enables Front Range to expand hempseed and young plant production both nationally and globally. Seed and Greenhouse Firms Join Forces Trilogene Seeds , growers and breeders of feminized, high-cannabinoid hempseed varieties, and N.G. Heimos Greenhouse Corp. , with operations in Lillstadt, Illinois, and St. Louis, announced a joint partnership that will increase production and spearhead advanced opportunities in agriculture for N.G. Heimos. Denver- based Trilogene planted 1.3 million feminized hempseeds throughout the United States in 2019. The new alliance will raise production to more than 100 million seeds by June of 2020, company officials said. Gage Donation Gage Cannabis Co. , a Mich- igan craft marijuana brand, announced a grant program that will make up to $950,000 available to participants in the state’s Marijuana Regulatory Agency Social Equity Program. The grants will assist those cannabis industry entrepreneurs significantly impacted by mar- ijuana prohibition and enforcement. Gage will offer 19 grants in recognition of the 19 communities identified by the MRA as having been disproportionately affected Company News | U.S., Canada & International