A crop of mature, healthy medical cannabis plants inside of a licensed Washington cultivation facility.

Rory Savatgy

Canopy Rivers Offering $1M Seed Capital to June ‘Pitch Day’ Winners

Canopy Rivers is hosting a “pitch day” for Canadian cannabis entrepreneurs ahead of federal legalization as part of the “Micro Cannabis, Macro Impact” program that will see the company provide $1 million in seed capital to burgeoning canna-businesses.

Prospective companies should intend to or should be in the process of applying for a Health Canada micro-license under the Canadian legalization proposal. Selected applicants will make their pitch in front of a panel of Canopy Rivers representatives and other industry professionals during the June 25 International Business Conference in Vancouver, British Columbia. Applications close on June 7.

Micro-licenses include: micro-growers, micro-processors, nurseries, hemp, research, and testing. It does not include large-scale cultivators.

“The cannabis sector’s investment prospects are no longer exclusively tied to medical cannabis cultivation at scale, and innovative businesses are emerging. We are excited to help foster growth and innovation by supporting startup cannabis entrepreneurs.” – Canopy Rivers Executive Vice President and Head of Business Development Daniel Pearlstein, in a press release

Winning pitches will have the opportunity to work with Canopy Growth Corp.

Editor’s note: A previous version of this article contained a statement indicating Canopy Growth Corp. was affiliated with CanopyBoulder in Colorado, which is incorrect and the piece has been edited accordingly.

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