Cannabis Publisher Dope Media Raises $875K

According to an amended Form D filed with the SEC, Dope Media, publisher of lifestyle cannabis news and a producer of cannabis industry events, has raised $875K from 12 investors through the issuance of a convertible note. The company, headed by CEO George Jage, formerly President of Marijuana Business Daily, is based in Seattle and  is focused on geographic expansion, including internationally. In December, it had filed an initial Form D suggesting a goal of raising $750K, having already raised $450K from 3 investors, so the final financing represents an increase of 17% over the original goal.

Exclusive article by Alan Brochstein, CFA
Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email

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