Colorado cannabis biotech snags $10M for expansion
Industrial Hemp NewsMarijuana Laws, Regulations, & Politics October 5, 2018 MJ Shareholders 0
A Colorado-based cannabis biotech firm announced Thursday that it has secured $10 million in private funding to accelerate production in California and Canada.
Front Range Biosciences of Lafayette said it plans to invest some of the money in investigating new strains of cannabis.
The company uses tissue-culture technology to make “plantlets” for both hemp and marijuana producers.
Front Range’s investors in the Series A round included Phyto Partners and WelCan Capital, both cannabis-focused venture capital funds, and Salveo Capital, an Illinois-based private equity fund.
Front Range also makes coffee rooting cuttings in California.
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