BOULDER, Colo., June 2, 2016 /PRNewswire-iReach/ -- Ten cannabis industry startups will present their ancillary business ideas, traction, and visions of the future to Bay Area tech investors at 3pm on June 18th at CanopyBoulder's Oakland Demo Day. This first-of-its-kind event is designed to present best in class marijuana startups to the Bay Area investing community. The Canopy Demo Day is also a benefit for the National Cannabis Industry Association.
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Demo Day culminates a 16-week business accelerator program in Boulder, Colorado for the cannabis business teams presenting on stage. Canopy, a business accelerator and early stage investment fund, is focused on investing in and launching products and services the cannabis industry needs to continue on its 30%+ annual growth trajectory.
"The cannabis industry will never be smaller than it is today," said Canopy co-founder and CEO Patrick Rea. "Now is the time to get involved and invest in the companies who are creating the backbone of the legal marijuana industry."
The spring 2016 class of CanopyBoulder includes innovative cannabis tech, data, hardware, plant sciences, biotech, fintech and discovery commerce companies all focused on the burgeoning cannabis industry. The companies pitching will include SPARE, weeGrow, iDro, Stashbox, Pensimple/JAEB Designs, SPRK Labs, Wurk, Quantified Vapor, Front Range Biosciences and VaporSlide.
"Launching a business in the cannabis industry is not easy, but the opportunities are immense – both for entrepreneurs and investors," said Micah Tapman, COO and Partner in Canopy. "We believe there are strong value-add investment opportunities for investors to capitalize on the growth of the legal marijuana market through tech investments in the space."
The Canopy Demo Day in Oakland will kick off a week of marijuana industry business events including The Arcview Group Oakland Investor Forum (members only) and the National Cannabis Industry Association Business Summit & Expo. Demo Day tickets are now available, with all proceeds donated to the NCIA.
About Canopy
CanopyBoulder™ is a seed-stage business accelerator investing in ancillary products and services in the legal cannabis industry. Hand-picked companies receive up to $70k in seed funding, participate in a 16-week mentor-driven bootcamp, and gain critical knowledge of the industry in return for a 6-9.5% equity stake.
Canopy™ is partnered with The ArcView Group.
Founded in 2010, The ArcView Group is responsible for a number of groundbreaking ventures in the cannabis industry. The ArcView Investor Network includes more than 500 dues-paying accredited investors who have invested more than $65 million behind 105 companies. ArcView Market Research produces the State of Legal Marijuana Markets report, the most oft-cited market data report. ArcView is also co-founder of Cannasure Insurance Services, the leading provider of business insurance to the cannabis industry. For more information please visit www.arcviewgroup.com.
Media Contact: Meghan Grabow, Canopy, (970) 376-7574, meghan@canopyboulder.com
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SOURCE CanopyBoulder
