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.
A few weeks ago, we learned Ionic Brands Corp (OTC: ZRRRF) was implementing a new blockchain-based Internet of Things platform, Lucid Green, aimed at increasing trust and transparency for cannabis consumers and brands.
This week, Lucid Green launched a new product they call SSOT, or “The. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
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Testament to Company s rapid adoption across the 13+ Billion cannabis industry
NEW YORK, NY / ACCESSWIRE / February 9, 2021 / Green Check Verified (GCV), the leading regtech provider of compliant cannabis banking solutions and services, today announced it has closed its latest $2 million Convertible Note Financing and reports that it was oversubscribed bringing the total amount closed to $2.4 million. The round was led by Flatiron Venture Partners and included investments from Bravos Capital, Basecamp Fund and Senior Banking Lawyers & Executives, as well as returning investors Silverleaf Venture Partners and Fenway Summer.
Founded in 2017 by a team of regulatory, banking and technology experts, GCV delivers the technology and advisory services that enable financial institutions to develop compliant, efficient and profitable cannabis banking programs. Since going live in 2019 with its technology and advisory services, the company has seen rapid adoption and is currently operati