Seed capital leaves cannabis startup on a high

The first Kaitaia cultivation site will be about a hectare. (Image: Organic Genetics)

Fri, 18 Nov 2022

Organic Genetics’ global director, Jonathan Jones, spent the past week in Auckland and Northland, scouting possible cannabis flower cultivation sites near Kaitāia.That’s after the startup secured $5 million in funding from Auckland property investor and developer Andrew Bendemski, in exchange for an equity holding in the medicinal cannabis firm.Jones, or ‘JJ’, the Los Angeles-based founder of cannabis company Kind Future, Nasdaq-listed cannabis tech and software firm Weedmaps, was on hand to oversee initial build plans a...

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