Canopy San Diego has chosen eight companies for its Spring 2017 accelerator program, including a “turnkey” laboratory technology company, a ticketing and registration platform for cannabis-centric events, a peer-to-peer social marketplace for cannabis friendly accommodations, and a customer experience management platform.
The companies will be given office space for up to four employees, receive at least $20,000 in seed capital, and be eligible for another $50,000 in follow-on funding prior to graduation. Six of the eight companies are based out of San Diego, California.
“We’re excited to have such a diverse spring class of startups that perfectly complements our Fall 2016 cohort, and gives our investors a balanced portfolio of early-stage cannabis tech companies,” Jack Scatizzi, managing director of Canopy San Diego, said in a statement.
The companies selected for the program include:
San Diego-based Urban Labs, described as “the first scalable cannabis laboratory to embrace the peer to peer economy,” who offer “turnkey technology and processes” to “de-skill” previously complex lab processes into affordable business opportunities.
Traffic Roots, also based in San Diego, a digital display advertising company who plan on introducing a programmatic self-serve advertising platform.
MJ Hybrid Solutions, a San Diego-based start-up training platform that “aims to fill the cannabis sales voids with compassion to increase company profits and retain customer loyalty.”
San Diego’s EventHi, described as “the world’s first ticketing and registration platform that is built for the cannabis culture.” The company plans to offer an online technology where app users can buy event tickets, verify their medical cannabis program registration if required for the event, buy merchandise, and write reviews.
Verticann, a San Diego company that offers turnkey vertical commercial cannabis cultivation that claims their design can halve production costs “while increasing the canopy size by up to 500 percent” compared to traditional methods.
Collectif, a San Diego-based peer-to-peer marketplace for cannabis-friendly accommodations and “cannabis-inspired experiences.”
Oregon-based Ripe Metrics, who plans to offer a customer experience management system with “analytics and marketing automation” to help dispensaries increase engagement in order to increase customer lifetime value.
Toronto, Ontario, Canada’s BudTendr, a mobile app which allows users to purchase medical cannabis licensed dispensaries through mobile devices through licensed dispensaries.
Canopy San Diego holds a 6-9.5 percent equity stake in each of the companies accepted into the accelerator program. Between Canopy San Diego and Canopy Boulder, the accelerator network holds a combined portfolio of 64 companies.