Cannabis Stock Report: Snoop Dogg Seeds $1 Million, Aurora Cannabis Price Hits New High, And More… – PotNetwork (press release)

Snoop Dogg’s Casa Verde Seeds Cannalysis $1 Million

Rap icon Snoop Dogg’s Casa Verde Capital is funding Cannalysis cannabis lab. Casa Verde led the seed round with a $1 million investment. The venture capital firm describes itself as focusing on the ancillary cannabis industry. Ancillary, meaning “not touching the plant” includes financial services, technology, compliance, and more. 

Cannalysis is a “tech forward” cannabis lab working with medical and recreational marijuana. Product testing at the lab determines potency and levels of unwanted toxins. They have an online portal for dispensaries and integrate with dispensary locator WeedMaps.

“Having a marquee investor and strategic partner like Casa Verde, will be instrumental in helping us achieve our growth objectives,” said Cannalysis CEO Brian Lannon.

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Aurora Cannabis Inc. Shares Soar Following New Deals

Aurora Cannabis Inc.’s (TSX:ACB) shares soared following a spate of recent investor news. Share prices hit $4, a new high for the Canadian medical marijuana producer.

Two big deals announced by the company this past week drove the price spike. On Tuesday Aurora joined with Namaste Technologies Inc.

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