WelCan Capital

WelCan Capital is an investment firm that focuses on high-impact, foundational companies in the cannabis industry. Their approach combines people, purpose, and profits to maximize returns for investors while promoting responsible change through strategic investments, sustainable practices, education, and philanthropy. Specializing in early-stage and growth opportunities, WelCan Capital invests in both plant touching and ancillary businesses within the cannabis sector.

Vikas Desai

Partner and Founder

10 past transactions

C3 Industries

Venture Round in 2021
C3 Industries LLC, established in 2018 and based in Ann Arbor, Michigan, is a vertically integrated cannabis company that focuses on producing and retailing high-quality cannabis products. Founded by brothers Ankur and Vishal Rungta, along with their longtime friend Joel Ruggiero, C3 Industries operates cultivation and manufacturing facilities, as well as retail locations, to serve both medical and recreational markets. The company is committed to crafting, branding, and selling premium cannabis items, providing a unique boutique experience for consumers. By combining a passion for cannabis with a dedication to quality, C3 Industries aims to meet the diverse needs of its clientele.

TRYM

Seed Round in 2020
Trym, Inc., established in 2017 and headquartered in Novato, California, specializes in developing and providing cannabis farm management and compliance software. Its platform offers real-time monitoring of environmental factors such as light, temperature, humidity, and CO2, along with daily task notifications, task and workflow management, plant analytics, and Metrc reporting. By leveraging this technology, Trym empowers cultivators to make data-driven decisions, enhance operational efficiency, maintain product consistency, and ultimately, grow revenues and gain a competitive edge.

Front Range Biosciences

Venture Round in 2020
Front Range Biosciences, Inc. is an agricultural biotech company specializing in the breeding and production of new plant varieties and seeds within the hemp, coffee, and cannabis sectors. Founded in 2015 and based in Lafayette, Colorado, with additional offices in Wisconsin, California, and Spain, the company employs tissue culture propagation techniques to enhance the efficiency and consistency of clone and seed production. Their Clean Stock program ensures a supply of disease- and pest-free plants, providing farmers with data-driven solutions to develop new cultivars with commercially relevant traits. Front Range Biosciences aims to modernize agriculture for cannabis and hemp, offering services that support cultivators in improving yields, minimizing disease risks, and creating innovative plant strains.

Vertosa

Seed Round in 2019
Vertosa Inc. is a cannabis technology company based in Oakland, California, specializing in the production of active ingredients for manufacturers of infused products. Established in 2018 and formerly known as Nanogen Labs Inc., the company provides customized nano- and micro-emulsions tailored to meet the unique needs of its clients. These innovative formulations are designed to enhance product stability, bioavailability, clarity, and taste. Vertosa's pre-suspended aqueous solutions and powders enable brands to create homogeneous products, ensuring consistency and reliability. The company collaborates closely with its partners throughout the manufacturing process to help clients achieve their desired potency and expedite the introduction of their products to the market.

Apex Trading

Seed Round in 2019
Apex Trading is a leading enterprise wholesale platform in the cannabis industry, founded in 2018 by three experienced professionals. The company aims to enhance profitability, improve operational efficiency, and foster stronger connections between producers and retailers. Apex Trading offers a comprehensive suite of tools designed to streamline the wholesale process, including inventory and order management, sales management, customer relationship management, email marketing, and customizable storefront solutions. The platform connects state-licensed cannabis cultivators, manufacturers, and distributors with retailers, facilitating efficient transactions. Since its inception, Apex Trading has expanded its reach across 18 state markets, successfully facilitating over 200,000 transactions among more than 500 brands and 2,500 retailers.

Front Range Biosciences

Series B in 2019
Front Range Biosciences, Inc. is an agricultural biotech company specializing in the breeding and production of new plant varieties and seeds within the hemp, coffee, and cannabis sectors. Founded in 2015 and based in Lafayette, Colorado, with additional offices in Wisconsin, California, and Spain, the company employs tissue culture propagation techniques to enhance the efficiency and consistency of clone and seed production. Their Clean Stock program ensures a supply of disease- and pest-free plants, providing farmers with data-driven solutions to develop new cultivars with commercially relevant traits. Front Range Biosciences aims to modernize agriculture for cannabis and hemp, offering services that support cultivators in improving yields, minimizing disease risks, and creating innovative plant strains.

Willow Industries

Venture Round in 2019
Willow Industries, LLC is a Denver-based company specializing in technology for the decontamination of cannabis and hemp. Founded in 2016, the company provides innovative solutions to reduce harmful contaminants such as yeast, mold, bacteria, and various pathogens, including Aspergillus and Salmonella. Its flagship product, the WillowPure machine, employs ozone-based oxidation to effectively cleanse and purify cannabis flower and trim without compromising their medicinal properties, aroma, or potency. In addition to its decontamination technology, Willow Industries offers consulting services related to post-harvest procedures, compliance, regulations, and evaluations of dry and cure rooms, ensuring that businesses adhere to industry standards while maintaining product quality.

Front Range Biosciences

Series A in 2018
Front Range Biosciences, Inc. is an agricultural biotech company specializing in the breeding and production of new plant varieties and seeds within the hemp, coffee, and cannabis sectors. Founded in 2015 and based in Lafayette, Colorado, with additional offices in Wisconsin, California, and Spain, the company employs tissue culture propagation techniques to enhance the efficiency and consistency of clone and seed production. Their Clean Stock program ensures a supply of disease- and pest-free plants, providing farmers with data-driven solutions to develop new cultivars with commercially relevant traits. Front Range Biosciences aims to modernize agriculture for cannabis and hemp, offering services that support cultivators in improving yields, minimizing disease risks, and creating innovative plant strains.

Treez

Series A in 2018
Treez, Inc. is a company that develops an enterprise cloud commerce platform tailored for the cannabis market, focusing on retail management solutions for medical marijuana dispensaries in the United States. Established in 2016 and based in Oakland, California, Treez offers a comprehensive suite of software services designed to streamline operations across the cannabis supply chain. Its platform includes point of sale systems, dispensary inventory management, and omnichannel sales capabilities, all while ensuring regulatory compliance for every transaction. Additionally, Treez connects brands with retailers through a centralized catalog, providing real-time market insights. The platform is designed for integration with various third-party solutions, enhancing retailers' abilities to adapt to industry changes and optimize their business performance.

Treez

Seed Round in 2016
Treez, Inc. is a company that develops an enterprise cloud commerce platform tailored for the cannabis market, focusing on retail management solutions for medical marijuana dispensaries in the United States. Established in 2016 and based in Oakland, California, Treez offers a comprehensive suite of software services designed to streamline operations across the cannabis supply chain. Its platform includes point of sale systems, dispensary inventory management, and omnichannel sales capabilities, all while ensuring regulatory compliance for every transaction. Additionally, Treez connects brands with retailers through a centralized catalog, providing real-time market insights. The platform is designed for integration with various third-party solutions, enhancing retailers' abilities to adapt to industry changes and optimize their business performance.
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