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Dewey Scientific, an agricultural technology startup, raises US$3.2 million to further advance innovation in the cannabis industry

Posted on August 17, 2021 by William
(Instagram photo from @deweyscientific)

Dewey ScienceThe agtech startup, headquartered in Pullman, Washington, uses genomics and data science to improve the quality and genetic diversity of cannabis crops, and has raised $3.2 million in new funding.

The Series A cash announced on Monday came from Hawthorne Collective, A new investment sector in the cannabis industry Scotts Miracle-Gro.

Dewey plans to use the funds to purchase new equipment and expand its research and development. The company will work with Selway Holdings to ensure the use of planned cannabis greenhouses worth $1.8 million.

This startup company provides scientific services and proprietary cannabis genetics for cannabis growers. It was founded in 2018 by three PhD plant scientists from Washington State University.Dewey CEO Dr. Jordan Zag And co-founder Dr. Paul Mikhalev Under WSU study Dr Mark Lange, He served as Dewey’s chief scientific officer.Lange is known as an expert in terpenes, terpenes are scented compounds secreted by plants Might work The impact of different marijuana varieties on people.

Zager said in a press release that the company plans to establish a new franchise system that will work with growers across the United States and license its genetics.

Dewey Science previously raised $1.25 million in seed funding in October 2019. The company has 16 employees and plans to increase its scientific staff in the coming months.

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