Cannabis reform is currently taking place around the world. This reform has kick started an brand new industry which investors are currently trying to navigate and analyse. This is where incubators step in, offering initial funding, mentoring, capital and an investor network to speed growth and maximise investor return.
Below we have covered many of the current incubators operating within the industry;
Gateway
Gateway offers its extensive venture capital network and entrepreneurial expertise to find and boost the most promising companies in the space. They are leveraging the lessons learned in Silicon Valley to grow the potential of the cannabis industry by creating a new breed of cannabis companies.
Location: San Francisco Bay Area
Duration: 20 weeks
Investment Value: $30,000 each plus five months of office space
Stake: 6%
Portfolio: Sensus, Phenobis, Trellis, Givv
Canopy Boulder
Canopy Boulder aim to build outstanding, professional companies to help move the cannabis industry forward. They work with both adult-use and medicinally focused companies.
Location: Boulder
Duration: 16 weeks
Investment Value: $30,000
Stake: 6–9.5%
Portfolio: Virtugro, My THC Guide, Cannabis Quality Group, Serene, Dispenserly, DeepGreen
Greenhouse Ventures
Greenhouse ventures are an accelerator for ancillary and medical focused startups in the cannabis and industrial hemp industries. This accelerator is for companies further along on their growth path.
Location: Philadelphia
Duration: 10 weeks
Investment Value: $2,000,000
Stake: undisclosed
Portfolio: Releaf App, Janerette’s Eco-Friendly Fungi, Wild Fox Provisions, Heally
Leaf Forward
Leaf Forward is Canada’s first cannabis business accelerator. Leaf Forward helps early stage cannabis companies grow by providing mentorship, access to licensed space and connection to capital.
Location: Toronto
Duration: 16 weeks
Investment Value: $52,500
Stake: 10%
Portfolio: BRNT Designs, Ovandi, Flow Filters
iCan
Short for Israel Cannabis, iCan sets itself a noble goal to make every person in the world have access to medical-grade cannabis. To make it come true, iCan is building a portfolio of diversified investments that includes R&D, clinical trials, pharmaceutical formulators, brand developers, distributors and technology & media platforms.
Location: Israel
Portfolio: CMTREX (Cannabis Mercantile Trading Exchange), ReaGenics, iCAN See
Momentum
Heavily-funded cannabis US delivery app and marketplace Eaze announced the launch of Momentum in September 2019. Partnering up with Ultranative and Bail Capital, the program is aimed at cultivating the growth and success of underrepresented founders.
Location: Online, USA
Duration: 10 weeks
Investment Value: $50,000
Stake: no equity
1st batch of companies enrolled: New Life CA, Community Gardens, James Henry SF, Green Box, Endo Industries, Breeze Distro, Nouera, Posh Green Collective, Dreamt, LDLR
