Altitude Investment Management

Altitude is a New York-based venture capital fund manager focused on the global cannabis industry. The manager's strategy is to invest in a range of early to growth stage companies in North America and Europe that support this rapidly growing industry. Our principals have spent their careers launching and managing alternative investment funds, including distressed debt and leveraged credit strategies. We have been involved in highly-regulated industries for decades, and this experience makes our leadership team uniquely qualified to face the regulatory and funding challenges within the cannabis industry. Having invested in the cannabis industry for more than three years, Altitude has deep relationships with legal and regulatory professionals, CEOs of cannabis companies, industry organizations, and consultants.

Goldberg J.D., Michael B.

Partner and Co-Founder

Roderick Stephan

Partner and Co-Founder

Trauben, Jon

Partner and Co-Founder

10 past transactions

PathogenDx

Series B in 2019
PathogenDx, Inc. specializes in innovative testing solutions for the botanical, food, and agricultural sectors. The company offers a range of nucleic acid microarray diagnostic assays that can test for multiple pathogens simultaneously, providing results in less than a day and significantly reducing costs compared to traditional testing methods. Its technologies include PathogenDx for pathogen detection, QuantX for quantifying key indicator organisms, and DetectX, a DNA-based platform for comprehensive pathogen testing. By streamlining the testing process, PathogenDx allows laboratories to bypass extensive sample preparation steps, enhancing efficiency and affordability. The company's solutions deliver real-time data on product quality, helping growers, processors, and producers maintain safety standards. Established in 2014 and headquartered in Scottsdale, Arizona, PathogenDx also operates an office in Tucson and collaborates with partners such as Icon Farms and Nationwide Laboratory Services, Inc.

KannaSwiss

Venture Round in 2019
KannaSwiss AG, founded in 2014 and based in Kölliken, Switzerland, specializes in the production and distribution of high-quality cannabidiol (CBD) products across Europe. The company supplies bulk CBD isolate and distillate, alongside a diverse range of consumer products including water-soluble oils, tinctures, creams, cosmetics, and wellness items. KannaSwiss is committed to using organic cannabis sourced from the Swiss highlands, ensuring that its offerings are ecologically farmed and rigorously lab-processed for purity and potency. The company also operates an online retail platform catering to both retailers and wholesalers, providing natural CBD solutions aimed at promoting health and well-being without side effects.

Canndescent

Series C in 2019
Canndescent LLC is a cannabis company based in Santa Barbara, California, specializing in the cultivation of premium cannabis flowers. The company adheres to state and local regulations, ensuring compliance in all aspects of its operations. Canndescent employs a proprietary cultivation technology that enhances the aromas and flavors of its products, focusing on quality management and deep cultivation expertise. By abandoning traditional strain names, Canndescent aims to simplify the customer experience, allowing consumers to access cannabis flowers that are produced, packaged, and distributed in a consistent manner. The company caters to both recreational and medical markets, emphasizing the transformative potential of its cannabis offerings.

BDSA

Series C in 2019
BDSA is an analytics platform focused on the cannabis market, offering business intelligence and market insights to various stakeholders, including retailers, manufacturers, brands, wholesalers, and investors. The company provides tools for tracking retail sales, understanding consumer behavior, and forecasting market trends, which help clients make informed decisions regarding product innovation, pricing strategies, and market expansion. By delivering actionable insights, BDSA enables its clients to enhance profitability, boost revenues, and improve their competitive positioning within the industry.

Wurk

Series A in 2019
Wurk is the leader in HR, Payroll, and Payment technology servicing the fastest-growing emerging industry, cannabis! Wurk's proprietary Compliant Payment Cloud underwriters cannabis businesses enabling them to process payments for payroll, taxes, 401k, benefits, and more positioning Wurk as the largest payments processor in the industry. Their SaaS HCM Cloud provides Modern HR, Payroll, Time & Attendance, Scheduling accessible on any device, including tablets and mobile. Wurk's Intralytics Cloud (integration meets analytics) connects the industries leading technology providers allowing operators to combine and analyze data to inform mission-critical decisions. Wurk is also assembling this data to provide industry benchmarks to help operators compare their KPIs to the trends of the industry. Wurk's unique platform is proving that Human Capital Management, Workforce Management, and Payment technology providers can add significant value to their customers by focusing on their vertical-specific needs. Wurk was founded in August 2015 by Keegan Peterson. And it is headquartered in Denver, Colorado.

springbig

Series A in 2018
Springbig, Inc. develops loyalty marketing, communication, and customer relationship management (CRM) software specifically for cannabis dispensaries and brands. Founded in 2012 and headquartered in Boca Raton, Florida, Springbig offers a platform that enhances customer retention and revenue while fostering brand loyalty through effective marketing campaigns. The platform enables cannabis retailers to implement loyalty programs and rewards, manage digital communications via SMS and email, and gather customer feedback. Additionally, it supports referral programs and brand advertising services, thereby facilitating stronger connections between consumers and cannabis retailers. Springbig serves clients across the United States and Canada, focusing on improving customer engagement within the cannabis industry.

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.

Canndescent

Series C in 2018
Canndescent LLC is a cannabis company based in Santa Barbara, California, specializing in the cultivation of premium cannabis flowers. The company adheres to state and local regulations, ensuring compliance in all aspects of its operations. Canndescent employs a proprietary cultivation technology that enhances the aromas and flavors of its products, focusing on quality management and deep cultivation expertise. By abandoning traditional strain names, Canndescent aims to simplify the customer experience, allowing consumers to access cannabis flowers that are produced, packaged, and distributed in a consistent manner. The company caters to both recreational and medical markets, emphasizing the transformative potential of its cannabis offerings.

PathogenDx

Series A in 2018
PathogenDx, Inc. specializes in innovative testing solutions for the botanical, food, and agricultural sectors. The company offers a range of nucleic acid microarray diagnostic assays that can test for multiple pathogens simultaneously, providing results in less than a day and significantly reducing costs compared to traditional testing methods. Its technologies include PathogenDx for pathogen detection, QuantX for quantifying key indicator organisms, and DetectX, a DNA-based platform for comprehensive pathogen testing. By streamlining the testing process, PathogenDx allows laboratories to bypass extensive sample preparation steps, enhancing efficiency and affordability. The company's solutions deliver real-time data on product quality, helping growers, processors, and producers maintain safety standards. Established in 2014 and headquartered in Scottsdale, Arizona, PathogenDx also operates an office in Tucson and collaborates with partners such as Icon Farms and Nationwide Laboratory Services, Inc.
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