Cannabis crowdfunding platform CannaFundr has shared that New Frontier Financials has successfully raised $250,000 in seed capital (no pun intended) for its business that supports the nascent marijuana cultivation & consumption industry. The offer was available to accredited investors only.
New Frontier is a data company that is said to provide “actionable intelligence and analytics” for the cannabis industry. Via their patented analytical methodology, data collection partnerships, and distribution model, the group hopes to be the first to provide trustworthy analysis to the knowledge of the cannabis market.
“Finding the data to help inform investment or legislative decision making in the cannabis industry, is essentially impossible due to the lack of information available,” said Randy Shipley, CEO and co-founder of CannaFundr. “When New Frontier Financials came to CannaFundr, I knew this was important to the industry in order to propel investment and knew that the team would receive a great response by the investors. I look forward to watching their company grow and benefiting from the service they provide.”
Washington DC based New Frontier looks beyond the plant cultivation and distribution seeking to provide sophisticated services and value-add in what will inevitably be a mature and more complex industry.
“Within days of connecting with CannaFundr, we had scheduled calls with three strategically valuable investors, and within less than a month, had funds in the bank” said Giadha A. DeCarcer, President & CEO, Frontier Financials Group Inc. “CannaFundr and crowdfunding will be integral in the growth of this industry, and redefine the economics of how investment in cannabis moves forward.”
CannaFundr is owned and operated by CrowdFund Connect and is based in Chicago.
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