Altitude Investment Management

Altitude Investment Management, LLC is a New York-based venture capital firm that specializes in investing in the legal cannabis industry. The firm focuses on a range of early-stage to growth-stage companies in North America and Europe. With a team experienced in managing alternative investment funds and navigating highly-regulated industries, Altitude is well-equipped to address the unique regulatory and funding challenges within the cannabis sector. Over the past three years, the firm has developed strong relationships with legal and regulatory professionals, industry executives, and consultants, enhancing its ability to identify and capitalize on investment opportunities in this rapidly expanding market.

Roderick Stephan

Partner

Jon Trauben

Partner

10 past transactions

NOBL Group

Series A in 2020
NOBL Group is a London-based company that specializes in cannabis data, media, and event organization aimed at advancing the cannabis industry globally. Established in 2019, it emerged from the Media & Data division of European Cannabis Holdings. NOBL Group offers a software platform that leverages insights and expertise within the cannabis sector, facilitating access to valuable information and networking opportunities. The company is also involved in organizing conferences and providing consulting services, positioning itself as a key player in the evolving landscape of the cannabis market.

PathogenDx

Series B in 2019
PathogenDx, Inc. specializes in innovative DNA-based pathogen testing solutions tailored for the botanical, food, and agricultural sectors. Founded in 2014 and headquartered in Scottsdale, Arizona, with an additional office in Tucson, the company offers a range of products including nucleic acid microarray diagnostic assays, which facilitate the detection of pathogens in food and agricultural products. Its technology allows laboratories to conduct multiple tests simultaneously, significantly reducing testing time and costs compared to traditional methods. The company's offerings include the PathogenDx series of assays, the EnviroX detection solution, and the QuantX microarray for quantifying pathogen loads. PathogenDx's advanced processes streamline testing by eliminating the need for extensive sample preparation steps, thus enhancing efficiency and affordability for laboratories. With strategic partnerships, the company aims to establish new standards in microbial testing, providing real-time data that supports quality assurance for growers, processors, and consumers.

KannaSwiss

Venture Round in 2019
KannaSwiss AG is a Swiss company based in Kölliken, founded in 2014, that specializes in the production and supply of high-quality cannabidiol (CBD) products. The company offers a wide range of CBD-based items, including bulk CBD isolate, distillate, water-soluble oils, tinctures, creams, cosmetics, and wellness products. KannaSwiss emphasizes the use of organic cannabis sourced from the Swiss highlands, employing eco-friendly farming practices and advanced pharmaceutical techniques to ensure the purity and potency of its offerings. In addition to its wholesale operations, KannaSwiss also engages in online retailing, providing trusted solutions aimed at relieving pain and promoting overall health and well-being.

Canndescent

Series C in 2019
Canndescent LLC is a cannabis company based in Santa Barbara, California, specializing in the cultivation of premium cannabis flowers for medical purposes. The company employs a proprietary cultivation technology that enhances aromas and flavors, ensuring a consistent product for its customers. Canndescent distinguishes itself by abandoning traditional strain names, allowing for a more straightforward understanding of its offerings. Committed to compliance with state and local regulations, the company manages the entire process from cultivation to packaging and distribution, providing a quality-driven service that emphasizes deep cultivation expertise.

BDSA

Series C in 2019
BDSA is a business intelligence company that specializes in analytics for the cannabis market. It provides retailers, manufacturers, brands, wholesalers, and investors with actionable insights aimed at enhancing profitability and revenue growth. The company's platform monitors retail sales, consumer insights, and market forecasts, enabling businesses to make informed decisions regarding product innovation, pricing strategies, market expansion, and investment opportunities. By offering comprehensive market intelligence and consumer research, BDSA helps its clients navigate the competitive landscape and optimize their operations.

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, Inc. is an agricultural biotechnology company focused on the breeding and production of innovative plants and seeds in the hemp, coffee, and cannabis sectors. Founded in 2015 and based in Lafayette, Colorado, the company specializes in tissue culture propagation and the development of high-value crops at scale, improving the consistency and efficiency of clone and seed production. Front Range Biosciences features a Clean Stock program which supplies disease- and pest-free plants to farmers while offering data-driven breeding solutions aimed at enhancing commercially relevant traits. The company also provides rooted cuttings, pre-finished plants, and feminized hemp seeds, enabling cultivators to increase yields, reduce disease prevalence, and develop novel strains, ultimately contributing to modern agricultural practices in these industries. Additional offices in Wisconsin, California, and Spain support its operations and research initiatives.

Canndescent

Series C in 2018
Canndescent LLC is a cannabis company based in Santa Barbara, California, specializing in the cultivation of premium cannabis flowers for medical purposes. The company employs a proprietary cultivation technology that enhances aromas and flavors, ensuring a consistent product for its customers. Canndescent distinguishes itself by abandoning traditional strain names, allowing for a more straightforward understanding of its offerings. Committed to compliance with state and local regulations, the company manages the entire process from cultivation to packaging and distribution, providing a quality-driven service that emphasizes deep cultivation expertise.

PathogenDx

Series A in 2018
PathogenDx, Inc. specializes in innovative DNA-based pathogen testing solutions tailored for the botanical, food, and agricultural sectors. Founded in 2014 and headquartered in Scottsdale, Arizona, with an additional office in Tucson, the company offers a range of products including nucleic acid microarray diagnostic assays, which facilitate the detection of pathogens in food and agricultural products. Its technology allows laboratories to conduct multiple tests simultaneously, significantly reducing testing time and costs compared to traditional methods. The company's offerings include the PathogenDx series of assays, the EnviroX detection solution, and the QuantX microarray for quantifying pathogen loads. PathogenDx's advanced processes streamline testing by eliminating the need for extensive sample preparation steps, thus enhancing efficiency and affordability for laboratories. With strategic partnerships, the company aims to establish new standards in microbial testing, providing real-time data that supports quality assurance for growers, processors, and consumers.
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