Growlink Secures $2M Seed Funding Led by Casa Verde

Casa Verde Capital Leads $2 Million Seed Funding for Growlink

Casa Verde Capital, a Los Angeles-based investment firm co-founded by entertainer Snoop Dogg and media entrepreneur Ted Chung, has led a $2 million seed funding round for Growlink. This investment aims to expand Growlink’s AI capabilities and improve its software and wireless-sensor applications.

Growlink’s Technological Advancements

Growlink, a Colorado-based company, leverages AI and digital applications to optimize cannabis cultivation. The funding will enhance their integrated platform, which includes control algorithms, cultivar blueprints, and AI crop-steering programs. These innovations provide precise climate control, automated irrigation, nutrient delivery, and data analytics to improve efficiencies and crop yield for cannabis growers.

CEO’s Statement

“We are thrilled to partner with Casa Verde, an investor that shares our vision and passion for advancing the cannabis cultivation industry,” said Growlink CEO Ted Tanner. “Their support will be instrumental in accelerating our growth and expanding our capabilities.”

Casa Verde’s Investment Strategy

Casa Verde Capital has a focused investment strategy aimed at scalable and efficient companies that address real business problems. Managing partner Karan Wadhera noted that Growlink fits this profile, as the company has been profitable for the past decade without external funding or debt and has grown its customer base to over 2,200 locations in 35 countries. Many U.S.-based marijuana multistate operators utilize Growlink’s platform.

Backing Cannabis Industry Leaders

Casa Verde Capital’s portfolio includes some of the most prominent companies in the marijuana sector, such as Dutchie, LeafLink, Metrc, and Vangst. Despite the challenges many cannabis companies face in raising capital, Casa Verde has successfully raised approximately $250 million since its inception in 2015.

Challenges in Cannabis Investment

“Limited access to capital remains a massive impediment to the growth of our industry,” Wadhera commented. He added that market turbulence and poor portfolio performance have led many previous capital allocators in the cannabis sector to exit the market.

The partnership between Casa Verde Capital and Growlink highlights a significant step forward in cannabis cultivation technology. With the new funding, Growlink aims to further enhance its AI and digital solutions, ultimately benefiting the broader cannabis industry by improving efficiency and crop yields.