NewTropic is a manufacturing startup based in the United States, established in 2017. The company's primary focus is on revolutionizing the cannabis industry by providing professional-grade cannabis supply chain solutions to California brands, cultivators, manufacturers, and distributors. Their service offerings encompass sourcing and processing, extraction and refinement, manufacturing and infusion, packaging, testing, shipping, and logistics, aiming to elevate the industry standards. With a slogan "Raising the Bar for Cannabis Manufacturing," NewTropic emphasizes their commitment to raising the standards in the cannabis sector through their innovative approach. The company's recent funding of $250.00K in Debt Financing on 29 August 2019 signals investor interest in their unique value proposition. The presence of NT Ventures, Inc. as the licensing body further adds to the company's credibility. This recent injection of investment undoubtedly positions NewTropic to further solidify its foothold in the cannabis manufacturing space, as it continues to expand its reach and offer high-quality supply chain solutions to its clients.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | $250.00K | - | 29 Aug 2019 | |
Seed Round | $10.00M | 1 | Big Rock | 01 Jan 2019 |
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