Sara Batterby, the Founding Chair of the Women Grow chapter in Portland and a technology industry veteran who recently began helping fund startups at Elemeno, reports that Hifi Farms, where she is CEO, has raised $2.8mm out of its $3mm seed round. $1.8mm went to the purchase of the property pictured above, while the remaining $1.2mm is funding the first phase of the cultivation buildout. Batterby is a strong proponent of diversity, sustainability and organics, so it’s not surprising to see that Hifi Farms has taken the steps to be certified by Clean Green.
Read James Cronin’s “Portland cannabis cultivator raises $2.8M for a 50-acre farm”: http://www.bizjournals.com/portland/blog/sbo/2015/12/portland-cannabis-cultivator-raises-2-8m-for-a-50.html
Source: New Cannabis Ventures