GrowerIQ, a Canadian cannabis technology company, recently announced that it has received more than $1 million in funding from the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). GrowerIQ is a leading cannabis technology company that sells enterprise resource planning (ERP) software to cannabis producers. The software helps cannabis growers manage their business and meet regulatory requirements.
GrowerIQ was founded in 2018 and sells its software to licensed cannabis producers. Last year, GrowerIQ closed an oversubscribed $3 million seed round, co-led by Golden Section and MaRS IAF. Today, GrowerIQ serves facilities in 15 countries, with its presence growing stronger in Canada.
The Government of Canada’s funding was provided via the Business Scale-up and Productivity program, whose purpose is to accelerate the growth of businesses and assist with entry into new markets. The Canadian government’s support of GrowerIQ comes just months after Barbados selected the company to manage tracking and reporting of all cannabis production on the island for the next five years.
In March 2026, Whoop Inc. (“Whoop”) completed a Series G funding round for US$575 million, valuing the leading fitness wearable company at US$10.1 billion. Whoop received investment from many notable…
The 2026 FIFA World Cup will showcase some of the most advanced officiating technology ever used in soccer. Building on systems introduced in previous tournaments, FIFA is rolling out new tools…
Recently, the Canadian Investment Regulatory Organization (“CIRO”) approved Wealthsimple to offer forecast contracts. Forecast contracts are investment products that offer investors binary “yes” or…
On June 10, 2026, the federal government introduced Bill C-34, also known as the Safe Social Media Act. The proposed legislation represents a sweeping effort to regulate social media platforms…
The “sleep economy” is growing rapidly with more than just sleep masks, weighted blankets and melatonin products on the market selling a good night’s rest. Sleep technology has evolved from tracking…
Following a multi-year joint investigation, federal and provincial privacy regulators recently published their findings with respect to OpenAI’s collection and use of personal information to train…
