CanopyVentures TM, a venture capital firm investing in value-added companies across the legal cannabis supply chain, today announced a $750,000 investment in BDS Analytics, the leading cannabis industry in comprehensive, actionable and accurate market intelligence and consumer research. Series B funding for BDS Analytics marks Canopy’s first investment in Canopy Ventures I, a $50 million venture fund for growth-enhancing companies.
Investment in BDS Analytics is emblematic of the CanopyVentures investment strategy, alleviating legal risk by being phased out of the cannabis plant, while betting on a service that has the ability to scale with a +30% compound annual growth rate of the cannabis industry. The key investment areas for the fund include ag-tech, retail technology, data analytics, blockchain-based software, robotics, machine learning and biotech; all of them focused on the legal cannabis industry.
“BDS Analytics has a unique ability to scale alongside the growth of the overall cannabis industry, which gives us a chance to invest in long-term growth,” said Micah Tapman, Managing Director of CanopyVentures. “As other industries take into account the growth and far-reaching impact of the cannabis industry, BDS Analytics will be their primary source of data and information on market trends, brand development and consumer insights. “That’s right.
CanopyVentures is the investment arm of Canopy, which also hosts CanopyBoulder, a well-known accelerator for ancillary cannabis companies. Its affiliation and involvement with the accelerator gives CanopyVentures expertise and experience in providing extensive hands-on guidance to companies that invest in it.
“We have a longstanding knowledge of the CanopyVentures team, having previously gone through CanopyBoulder,” said Roy Bingham, CEO of BDS Analytics. “That familiarity helped us recognize the valuable hands-on support provided by the Canopy organization as a whole. “That’s right.
CanopyVentures
Canopy Ventures, the venture arm of Canopy Ventures, is an investment fund to support growth-stage companies operating in the ancillary cannabis industry. Please visit www for more information. Uh, canopy Well, Vc
About CanopyBulder
Canopy’s accelerator arm, CanopyBoulder, is a business accelerator and seed stage investment fund located in Boulder, Colorado. Since 2015, more than 75 companies have been launched and over 100+ investments have been made. The company is looking for startups with great teams working on tough challenges in growing industries. Please visit www for more information. Canopy-Bulder Come on,
BDS Analytics:
Headquartered in Boulder, Colorado. , BDS Analytics provides companies with comprehensive, actionable and accurate market intelligence for cannabis and consumer research. The company provides a holistic understanding of the cannabis market by producing insights from dispensary point-of-sale systems through its market-leading GreenEdgeTM platform, driving consumer research with its Cannabis Insights Group, and generating market-wide financial projections for the cannabis industry. To learn more about how BDS Analytics’ superior market research can be used, please visit www. Bdanalytics Come on,
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