WelCan Capital

WelCan Capital invests in high-impact, foundational companies in the cannabis industry. Leveraging a people + purpose + profits approach, WelCan Capital’s mission is to maximize returns for investors while driving lasting, responsible change through smart investments, sustainable approaches, education and charitable giving. WelCan Capital focuses on both early-stage and growth opportunities in both plant touching and ancillary companies.

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 is a developer of farm management software specifically designed for cannabis cultivators. The software automates data collection through real-time sensors, allowing farmers to monitor cultivation data effectively. It offers tools for scheduling daily tasks, coordinating teams, and managing facilities, all aimed at enhancing operational efficiency. By leveraging this technology, cannabis growers can make informed decisions, maintain consistency in their operations, and ultimately increase their revenues and competitive edge in the market.

Front Range Biosciences

Venture Round in 2020
Front Range Biosciences brings modern agriculture to cannabis and hemp to improve reliability, efficiency, and safety for cultivators and consumers. They provide advanced agricultural science services to plant growers.

Vertosa

Seed Round in 2019
Vertosa creates industry-leading active ingredients for infused product makers. Our patent pending nano- and micro-emulsions are carefully designed for the specific needs of each of our customers. Our pre-suspended aqueous solutions empower you to create incredibly homogenous and stable products while maximizing bioavailability, clarity, and taste. We work closely with you and our lab partners throughout the manufacturing process to achieve target potency and accelerate your products to 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 brings modern agriculture to cannabis and hemp to improve reliability, efficiency, and safety for cultivators and consumers. They provide advanced agricultural science services to plant growers.

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 brings modern agriculture to cannabis and hemp to improve reliability, efficiency, and safety for cultivators and consumers. They provide advanced agricultural science services to plant growers.

Treez

Series A in 2018
Treez, Inc. is a software company that develops a retail management platform specifically for the cannabis industry in the United States. Founded in 2016 and based in Oakland, California, Treez offers an enterprise-grade, cloud-based solution that streamlines retail and supply chain operations for medical marijuana dispensaries. Its platform includes essential features such as point of sale, inventory management, and omnichannel sales capabilities, all designed to ensure regulatory compliance throughout the supply chain. Additionally, Treez connects brands with retailers through a centralized catalog and provides real-time market insights. The platform's open API allows for seamless integration with various third-party solutions, enhancing operational efficiency and enabling retailers to adapt to industry changes while maximizing customer value and expanding market presence.

Treez

Seed Round in 2016
Treez, Inc. is a software company that develops a retail management platform specifically for the cannabis industry in the United States. Founded in 2016 and based in Oakland, California, Treez offers an enterprise-grade, cloud-based solution that streamlines retail and supply chain operations for medical marijuana dispensaries. Its platform includes essential features such as point of sale, inventory management, and omnichannel sales capabilities, all designed to ensure regulatory compliance throughout the supply chain. Additionally, Treez connects brands with retailers through a centralized catalog and provides real-time market insights. The platform's open API allows for seamless integration with various third-party solutions, enhancing operational efficiency and enabling retailers to adapt to industry changes while maximizing customer value and expanding market presence.
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