Seed capital leaves cannabis startup on a high

Seed capital leaves cannabis startup on a high
The first Kaitaia cultivation site will be about a hectare. (Image: Organic Genetics)
Brent Melville
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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