Founded by Data Veterans, Lucid Green Announces the Successful Closure of its Seed Round of Funding to Deliver a Platform that Sets the Standard in Driving Trust and Transparency in the Cannabis Industry.
NEW YORK, Nov. 8, 2018 — Lucid Green Inc., a technology platform, is solving the cannabis industry’s direct-to-consumer issues by delivering a data platform that connects consumers and budtenders to brands. Lucid Green’s seed funding round of slightly more than $1 million dollars was oversubscribed and has been closed. The monies will be used to develop a platform that enables a highly relevant digital experience by seamlessly interacting with physical products.
“Leveraging IoT, blockchain and token technologies, Lucid Green’s innovative platform creates an information, education and rewards ecosystem that drives transparency across the cannabis industry,” stated Co-Founder & CEO Larry Levy.
“We’re creating a standard that addresses a huge need in the cannabis industry – solving how brands connect directly with consumers and budtenders alike, to deliver a better consumer experience,” continued Paul Botto, Co-Founder and President.
Lucid Green’s seed round was funded by a group of technology and cannabis veterans that include XDL Ventures and Phyto Partners.
Lucid Green has launched in Colorado and Washington State, through partnership with the industry leading product brands incredibles, 14’er and Ionic. “incredibles’ top-of-the-line products truly offer a premium option for consumers because we control every aspect of production. We’re excited to partner with Lucid Green to deliver transparency of our production practices to customers through the platform,” said Co-Founder & CEO Rick Scarpello. “We know Lucid Green will be sought out by consumers who demand the best and want to be rewarded for seeking our product quality and education.”
14er’s Founder and CEO Evan Anderson said, “Lucid Green’s platform provides a glimpse into the future of consumer engagement in cannabis.”
About Lucid Green
Lucid Green was founded in early 2018 by data veterans, Paul Botto and Larry Levy to create a standard that drives trust, transparency and guidance in the cannabis retail environment. Lucid Green is a revolutionary data platform that gives brands a direct-to-consumer/bud-tender communication channel while incentivizing brands and their suppliers to provide accurate and timely product information. Lucid Green’s complete transparency gives consumers full disclosure into all aspects of the product’s quality and authenticity, testing results, professional and peer reviews, along with usage recommendations and dosage tracking; all in one place.
Visit lucidgreen.io for more information.
Lucid Green Co-Founder & President
incredibles National Marketing Director