BOULDER, Colo., March 27, 2015 (GLOBE NEWSWIRE) -- CanopyBoulder has successfully raised $1.2 million to invest in 20 early-stage startups providing ancillary products and services to the legal cannabis industry. CanopyBoulder will run two, first-of-their-kind business accelerator boot camps for these startups in 2015. We hope that you will join us on March 30th to celebrate the company's Opening Day launch party with featured guest speaker Steve DeAngelo. Steve is a national thought leader and President of the ArcView Group, America's leading angel investment network for the cannabis industry as well as Executive Director of Harborside Health Center, the nation's model medical cannabis dispensary in Oakland, California.
"Since we partnered with The ArcView Group we have been inundated with both accredited investors and quality companies asking to get involved. We had to turn quality investors and companies away. That's a good problem to have," said Canopy cofounder and Managing Director, Patrick Rea.
CanopyBoulder launches their first cohort of 10 startups on March 30, 2015 in Boulder, Colorado. "Over 115 entrepreneurial teams from all over the world applied to be part of our first class. We may have discovered the next Uber, the next Nest or the next Facebook to emerge in the legal cannabis industry," concluded Rea.
"Last December, ArcView and Canopy teamed up to supercharge the emergence of the most exciting and innovative cannabis start-ups. I'm tremendously proud to support these early entrepreneurs in America's fastest growing industry," said Stephen DeAngelo, President and Co-Founder of The ArcView Group.
These start-ups will close out their three months of intensive company building by going on an investor roadshow together in June. They will present to the ArcView Investor Network, Rockies Venture Club, and then at the National Cannabis Industry Association's Cannabis Business Summit.
"The grand finale of class one will be a Demo Day on June 29th at the NCIA Cannabis Business Summit. These entrepreneurs are in for the ride of their life between now and then. I feel confident that Canopy's curriculum and impressive roster of mentors will produce the most likely companies to succeed in this nascent industry," stated Rea.
CanopyBoulder is a seed-stage, mentorship-driven, business accelerator created in partnership with The ArcView Group for companies developing ancillary products and services for the legal cannabis industry. Companies are handpicked by the selection committee to receive a $20,000 capital infusion and will participate in an intensive accelerator program. CanopyBoulder advisors and mentors work closely with each company, helping define business models, refine unique selling propositions, and focus marketing and fundraising activities. For more information, please visit www.canopyboulder.com.
About 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 450 accredited investors who have put more than $36 million behind 44 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.
The next ArcView investment forum is in Washington D.C. April 30th and May 1st, 2015.
CONTACT: The ArcView Group Jessica Dugan 855-892-1951 or CanopyBoulder Patrick Rea 720-460-1937