MJ Freeway, a Denver, CO-based cannabis technology company, completed its $10m Series C financing.
The round was led by Batu Capital Investments, a tech-focused multi-family office managed by Emery and Evan Huang, with participation from Cresco Capital Partners.
The company intends to use the funds to accelerate growth in advanced technological build-outs, centered around increasing new product features for businesses and governments.
Founded in 2010 by Jessica Billingsley, CEO, MJ Freeway provides a cannabis industry tracking software platform that includes patent-pending inventory control and grow management applications to streamline workflow and increase efficiency. The company’s Leaf Data Systems software solution enables governments to track cannabis plants from seed-to-sale and ensure patient, public, and product safety.
MJ Freeway also offers a complete suite of professional consulting services for cannabis businesses.
The company serves clients in Australia, Canada, Europe, South America, Switzerland, and the United States in 23 states and the District of Columbia.