Canopy Rivers invests $10 mln in plant science company ZeaKal
Canopy Rivers has invested US$10 million in ZeaKal, a San Diego, California-based plant science company. The deal gives Canopy, the venture capital arm of Canadian cannabis producer Canopy Growth Corp, 8.7 percent of ZeaKal and an observer seat on its board. Founded in 2010, ZeaKal develops technology for sustainably increasing photosynthesis, improving plant yield and enhancing nutritional profiles for a variety of agricultural crops. Following Canopy's investment, the company will expand its commercial program, previously focused on row crops, to include cannabis and hemp.
19 June 2019•4 mins read
