DENVER BUSINESS JOURNAL - Two Denver businesses serving the marijuana industry each say they've raised more than $1 million in financing.
Baker, a Denver software company targeting marijuana dispensaries, said it's "secured a $1.6 million extension to its August 2016 seed round, bringing the company's total raised capital to $3.5 million, making it one of the single most VC-backed companies in the marijuana space."
And GrowGeneration Corp., a Denver retail hydroponic and organic gardening store chain that sells to both the commercial and home cannabis markets, said it "has secured $1,650,000 in equity financing from Merida Capital Partners, a cannabis infrastructure fund."
Baker said its funding was led by Poseidon Asset Management, and it will use the money to fund its "continued and explosive growth."
© 2017 American City Business Journals.