As CanopyBoulder prepares to conduct two programs simultaneously in early 2016, including its third class in Boulder and its inaugural one in San Francisco, the company has been actively seeking investors. According to a report in the Boulder paper Daily Camera, the firm had scaled back its capital-raising goals from $5mm to $2.9mm, and it reports that it has achieved 60% of its revised target.
Troy Dayton, CEO of The ArcView Group and a strategic partner of CanopyBoulder, pointed to the potential of the new San Francisco program to positively impact the overall industry:
The bulk of investment in startups is occurring in the Bay Area. To have the cannabis industry right alongside the famous incubators and accelerators in the hotbed of venture capital activity is really going to put cannabis on the map in a way it hasn’t been before.
Managing Partner Micah Tapman reports strong interest from applicants for the inaugural San Francisco program.
Read Shay Castle’s “CanopyBoulder recruiting cannabis companies for spring class”: http://www.dailycamera.com/boulder-business/ci_29126902/canopyboulder-recruiting-cannabis-companies-spring-class