Welcome!

News Feed Item

Canopy™ Announces Demo Days & Investor Events for Spring 2017 Business Accelerator Cohort

BOULDER, Colo., April 20, 2017 /PRNewswire-iReach/ -- Canopy, a venture fund and business accelerator for companies developing ancillary products and services for the legal cannabis industry, is pleased to announce multiple events for investors and the public to mark the graduation of its Spring 2017 accelerator program cohort.

The ten startups graduating from the 16-week Canopy accelerator program represent the leading edge of cannabis business innovation, including teams tackling geo-mapping databases for licensed businesses, apps that help consumers find the best real time deals in their area, sustainable packaging solutions, and cannabis processing robotics.

Canopy's ten companies will present their ancillary products and services to an audience of investors, industry professionals, and cannabusiness-curious public in Boulder on May 15th and in Denver on May 25th.

Each startup accepted to Canopy's business accelerator program receives $30,000 in seed funding and a chance to earn an additional $50,000 in funding during in the program. The Canopy investment model prioritizes connecting its portfolio companies with experienced mentors, industry pros, other Canopy alumni, and a broader cannabis investor network, including investor members of Canopy partner, The Arcview Group.

After weeks of intensive pitch practice, business model refinement, and miles logged meeting cannabis businesses around the country, the cohort "graduates" on Demo Day.

"We are incredibly proud of the growth that our cohort has experienced so far," said Patrick Rea, co-founder and CEO of Canopy. "While the cohort is incredibly diverse in terms of background and experience, each team is dedicated to moving forward the industry and the movement to end prohibition. As the cannabis industry continues to mature, each of our graduating companies are primed to make a meaningful impact on the cannabis industry."

Throughout the program, participating companies are exposed to hundreds of mentors from inside and outside the industry, angel investors, investment firms, and key figures within the local entrepreneurial community. Additionally, Canopy hosts numerous public and private events to increase participants' exposure to the cannabis industry.

The ten companies graduating from the spring cohort include:

  • Bloom Automation develops robots that address the high cost of dangerous manual labor in the cannabis industry.  BloomBots allow for tasks within a cultivation setting to be automated. Founded by Jon Gowa of Boston, Massachusetts.
  • Cannabis Big Data integrates with all data sources to publish critical business management reports that identify areas for improved efficiencies and revenue. Founded by Henry Finkelstein of Colorado Springs, Colorado.
  • CannaZoning is an online platform that provides visualization of state and local marijuana zoning laws, helping businesses rapidly identify compliant parcels for their businesses, and avoid costly pitfalls associated with cannabis business zoning. Founded by Ben Livingston of Seattle, Washington.
  • Croptimize provides technology to drive energy efficiency for cannabis cultivators. By optimizing demand profiles and reducing operating expenses through machine learning, Croptimize leverages energy rate structure management and utility incentives. Founded by Kevin Mayer of Boulder, Colorado.
  • Estrohaze is a cannabis-focused media outlet designed to break the stigma surrounding women and minorities. The platform includes resources, career opportunities, and lifestyle content that focuses on women of color benefiting from the cannabis plant. Founded by Safon Floyd, Kali Wilder and Sirita Wright of Brooklyn, New York.
  • Firesale uses geo-mapping technology to provide real-time information on cannabis deals in any location. Its user-friendly search functionality allows consumers to find infused products and flower based on potency, strain or price. Founded by Damien Payne and Clay Nutting of Sacramento, California.
  • Sana Packaging believes current cannabis industry packaging solutions are wasteful, don't store efficiently, and don't allow space for branding and compliance labels. Sana offers rectangular, stackable cannabis containers made from biodegradable hemp-based plastic, resulting in a reduction of their carbon footprint by eliminating traditional petroleum-based plastic from the equation. Founded by Ron Basak-Smith of Easton, Connecticut and James Eichner of Montagnola, Switzerland.
  • Snapp Digital provides hardware and ad control software for digital screen networks in dispensaries and beyond. Snapp's platform allows advertisers to buy ad space and manage content from a simple dashboard, solving the problem of buying and managing ad space. Founded by Dustin Lato and Ron Warner of Cleveland, Ohio.
  • Solutions Vending believes smart vending machines aren't smart enough. SVI converts standard "dumb" vending machines into intelligent data collection kiosks, gathering valuable purchasing information at the point of sale utilizing facial recognition among other technologies. Founded by Dawn Dickson of Miami, Florida.
  • Who Is Happy connects cannabis consumers around the globe with an international geo-location-based social network. Launched in 2016, the app quickly grew to 170,000 users and has almost 1M check-ins to date. Founded by Joao Paulo Costa and Henrique Torelli.

This year, Canopy's Boulder Demo Day kicks off Boulder Startup Week – a week of high-energy events celebrating entrepreneurship that brings startup founders and participants from all over the country. All ticket proceeds benefit Students for Sensible Drug Policy. Full details and tickets for both Demo Day events can be found here.

About Canopy

Canopy is a venture fund and business accelerator for companies developing ancillary products and services for the legal cannabis industry. Companies are handpicked to receive up to $80,000 in capital and participate in an intensive 16-week accelerator program. Canopy advisors and mentors work closely with each company, helping define business models, refine unique selling propositions, and focus marketing and fundraising activities. For more information, please visit www.canopyboulder.com.

About The Arcview Group

Founded in 2010, The Arcview Group is responsible for a number of groundbreaking ventures in the cannabis industry. The Arcview Investor Network includes more than 650 accredited investors who have put more than $108 million behind 141 companies. Arcview Market Research produces the State of Legal Marijuana Markets report, which is the most oft-cited market data report. In 2015, Arcview became a partner in Canopy. For more information, please visit www.arcviewgroup.com.

Media Contact: Robert Vanisko, Canopy, 212-334-9753, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Canopy

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Developers want to create better apps faster. Static clouds are giving way to scalable systems, with dynamic resource allocation and application monitoring. You won't hear that chant from users on any picket line, but helping developers to create better apps faster is the mission of Lee Atchison, principal cloud architect and advocate at New Relic Inc., based in San Francisco. His singular job is to understand and drive the industry in the areas of cloud architecture, microservices, scalability ...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software in the hope of capturing value in IoT. Although IoT is relatively new in the market, it has already gone through many promotional terms such as IoE, IoX, SDX, Edge/Fog, Mist Compute, etc. Ultimately, irrespective of the name, it is about deriving value from independent software assets participating in an ecosystem as one comprehensive solution.
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Cybersecurity is a critical component of software development in many industries including medical devices. However, code is not always written to be robust or secure from the unknown or the unexpected. This gap can make medical devices susceptible to cybersecurity attacks ranging from compromised personal health information to life-sustaining treatment. In his session at @ThingsExpo, Clark Fortney, Software Engineer at Battelle, will discuss how programming oversight using key methods can incre...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
Did you know that you can develop for mainframes in Java? Or that the testing and deployment can be automated across mobile to mainframe? In his session at @DevOpsSummit at 20th Cloud Expo, Vaughn Marshall, Sr. Principal Product Owner at CA Technologies, will discuss and demo how increasingly teams are developing with agile methodologies using modern development environments and automating testing and deployments, mobile to mainframe.