Lucid Green Inc., a provider of touchless inventory management solutions for the cannabis industry, has closed a $3.1 million funding round, which included new investors, Bravos Capital and Silverleaf Ventures as well as existing investors FGCP and HALLEY Venture Partners.
The proceeds from the financing will be used to continue to drive adoption of the company’s LucidIDs throughout the cannabis supply chain.
“LucidIDs deliver benefits to each cannabis stakeholder, from manufacturer through distribution to retail onto the consumers. We call it the Fungible Universal Product Codes (F-UPC). This is a game-changing initiative for Lucid Green and its partners to optimize the cannabis supply chain via a single code,” Larry Levy, the company’s co-founder and CEO explained.