Cannabis tech provider Lucid Green raises $1.4 million for expansion ⋆ Patriots Hemp

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Cannabis tech provider Lucid Green raises $1.4 million for expansion

By Main Hemp Patriot on July 11, 2024 No Comments / 17 views

Lucid Green, a cannabis supply-chain service provider based in New York, said it has raised $1.4 million to fund expansion into new markets.

The company is pushing double-digit growth month-over-month as more customers adopt its inventory-management and marketing services, according to CEO Larry Levy.

“This funding drives us towards profitability and ubiquity in the markets we operate in,” he said in a Wednesday statement.

“Our goal remains unchanged: to drive efficiencies in the supply chain and enable smarter, safer, and more transparent cannabis products for consumers.”

According to its website, the company currently serves marijuana retailers in Arkansas, California, Maryland, Michigan, Missouri and Nevada.

Lucid Green raised $10 million in 2022 in a Series B venture capital round.

Read full article on Marijuana Business Daily