Canopy Rivers invests in BioLumic's $6.7 mln Series A financing
Canopy Rivers has invested US$1.5 million in BioLumic Ltd, a Palmerston North, New Zealand-based maker of a sustainable ultraviolet (UV) crop yield enhancement system. The investment is part of the company's US$6.7 million Series A financing, led by Finistere Ventures, a U.S. food and agriculture venture capital firm. BioLumic will use the funds raised to accelerate and expand its UV light treatment initiatives, including for medical cannabis applications. Canopy, the venture capital arm of Canadian cannabis producer Canopy Growth Corp, said BioLumic marks its first deal in the agricultural technology sector.
15 May 2019•5 mins read
