Based in Oakland and founded by two technology veterans, Gateway Inc. seeks to nurture both ancillary firms and companies that handle the plant, such as growers, dispensaries, and extractors.
Gateway will provide companies with $30,000 in return for six% equity, with once percent going to the mentors responsible for coaching the incubator companies, as well as office space, according to Oakland North. The paper reported that another incubator, CanopyBoulder in Colorado, gives businesses $20,000 in exchange for 9.5% equity.
Read more at Marijuana Business Daily
Written by Omar Sacirbey