Economy
GrowerIQ receives 1 million funding from the Government of Canada
GrowerIQ, a cannabis technology company, has just received 1.080.000 Canadian dollars from the government of Canada, in a project funded by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). In a press release, GrowerIQ says the funding will be used to further improve the company's comprehensive cannabis tracking system and solidify its position as a global leader in the industry.
According to the press release, GrowerIQ's mission is to “revolutionize the management of cannabis production facilities around the world by providing a robust and integrated solution.” Its platform is the operational backbone that enables highly regulated cannabis companies to bring together fragmented systems, digitize operations, and scale profitably. With its cutting-edge technology, GrowerIQ already powers facilities in more than 12 countries.
This round of financing increases the total investment in GrowerIQ and demonstrated investors' strong confidence in the company's vision and technology. The company recently announced a exclusive contract with the Government of Barbados to manage all cannabis production on the island.
Andrew Wilson, CEO of GrowerIQ, said, “We are thrilled to have secured this funding to accelerate our mission to transform the cannabis industry. This investment will allow us to further develop our cutting-edge technology and expand our global presence. We are committed to providing cannabis producers with the tools they need to succeed in an increasingly competitive market.”
GrowerIQ is the operational foundational ERP that unites the fragmented systems required by cannabis production facilities around the world. The company works with facilities in more than 12 countries and in four languages, allowing traceability from seed to sale.
Cannareporter spoke with Andrew Wilson, CEO of Grower IQ, and publishes the interview separately.
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[Disclaimer: Please note that this text was originally written in Portuguese and is translated into English and other languages using an automatic translator. Some words may differ from the original and typos or errors may occur in other languages.]____________________________________________________________________________________________________
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With a degree in Journalism from the University of Coimbra, Laura Ramos has a postgraduate degree in Photography and has been a Journalist since 1998. Winner of the Business of Cannabis Awards in the category "Journalist of the Year 2024", Laura was a correspondent for Jornal de Notícias in Rome, Italy, and Press Officer in the Office of the Minister of Education of the 21st Portuguese Government. She has an international certification in Permaculture (PDC) and created the street-art photography archive “Say What? Lisbon” @saywhatlisbon. Co-founder and Editor of CannaReporter® and coordinator of PTMC - Portugal Medical Cannabis, Laura directed the documentary “Pacientes” and was part of the steering group of the first Postgraduate Course in GxP's for Medicinal Cannabis in Portugal, in partnership with the Military Laboratory and the Faculty of Pharmacy of the University of Lisbon.
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