Dewey Scientific, the Pullman, Wash.-based agtech startup that is leveraging genomics, data science and more to improve the quality and genetic diversity of cannabis crops, has raised $3.2 million in new funding
The Hawthorne Collective is a new investment arm for Scotts Miracle-Gro in the cannabis industry. Monday’s Series A cash announcement was made by them.
Dewey intends to use the funds for new equipment, as well as to expand its research and development. Selway Holdings will work with Dewey to obtain a $1.8 million cannabis greenhouse.
Three PhD plant scientists from Washington State University founded the startup in 2018. They provide scientific services for cannabis growers as well as their proprietary cannabis genetics. Dr. Dewey is the CEO. Jordan Zager, co-founder Dr. Paul Mihalyov was a student at WSU under Dr. Mark Lange is Dewey’s chief scientist officer. Lange is known as an expert on terpenes, which are scented compounds secreted by plants that may play a role in the effects that different cannabis strains have on people.
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In a press release, Zager stated that the company plans to create a new franchise system in order to work with growers across the U.S.A and license its genetics.
Dewey Scientific previously raised $1.25 million in an October 2019 seed round. The company currently employs 16 people and plans to increase its scientific staff over the next few months.