Cannabis Businesses

Front Range Biosciences Raises $3M in Bridge Funding; Plans California Expansion

Front Range Biosciences

Lafayette, Colorado-based Front Range Biosciences, which specializes in cannabis tissue propagation, has raised $3 million in bridge funding which will be used to scale the company’s processes and help fund its expansion into California. The investment round was led by Phyto Partners, Salveo Capital, Sand Hill Angels, HBS Angels of NYC, NY Angels, Halley Venture Partners, Anthill Ventures, and Canopy Boulder.

The firm was one of 10 companies who participated in CanopyBoulder’s spring 2016 startup accelerator program.

Nick Hofmeister, co-founder of Front Range Biosciences  and COO, said the round exceeded the firm’s expectations.

“With the rapid growth of the commercial cannabis industry, there is increasing demand for improved cultivation practices for large-scale grow operations,” said Dr. Jon Vaught, CEO and co-founder, in a press release. “We plan to use our recent funding to scale our processes and keep up with this demand, while expanding into new cannabis markets.”

Brett Finkelstein, managing director at Phyto Partners, indicated that the Front Range management team is what attracted the investment firm to the bioscience company.

“[Front Range] has all of the right pieces for a successful business – a stellar team, clear differentiated offering, early customer validation, and a rapidly growing pipeline,” he said in a statement.

Front Range uses Next Generation Sequencing technology to create cannabis genetics maps which help develop commercially relevant traits in cannabis plants, including disease resistance, oil and resin yields, and desirable cannabinoid profiles.

Reposted from written by TG Branfalt

Women's Cannabis Chamber of Commerce “Whether I am meant to or not, I challenge assumptions about women. I do make some people uncomfortable, which I’m well aware of, but that’s just part of coming to grips with what I believe is still one of the most important pieces of unfinished business in human history—empowering women to be able to stand up for themselves.” —Hillary Clinton

 The Women’s Cannabis Chamber of Commerce moving women beyond empowering and inspiring into action and business success.


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