Cannabis Startup Green Dot Labs Closes $3.3 Million

Green Dot Labs announced it has raised $3.3 million in Series A financing, led by Tuatara Capital.

Green Dot Labs was founded in 2013 and is Colorado’s premier grower-owned and family-operated cannabis cultivation and extraction brand. According to the company, it is the first company to design cultivation facilities and methodologies specifically intended for extraction purposes.

The company revealed that Green Dot Labs intends to use the funds to optimize its cultivation and extraction operating platform within Colorado, both to secure strategic intellectual property and to facilitate new market expansion.