Cannabis Tech Leader TRUEGREEN Closes Round of Funding Led by Merida Capital Holdings

Clearfield Communications today announced the closing of their multi-million dollar capital raise led by Merida Capital Holdings, the leading private equity fund targeting key growth drivers in the development of the cannabis industry.

The multi-million dollar investment will accelerate the continued expansion of Clearfield’s TrueGreen intelligent packaging technology for cannabis industry regulators, producers, dispensaries and consumers.  From farm to fingertip, TrueGreen automates product and consumer data in real-time to enhance convenience and deliver insights that drive growth and brand loyalty while ensuring product safety and control.

TrueGreen’s smart packaging technology combines NFC with UHF/RFID to enable seamless, one-touch wireless connectivity that transforms digital supply chain management, inventory control, customer insights and consumer experience and engagement.

“Diverse stakeholders across the dynamic cannabis marketplace need an intelligent, elegant product management system,” said Chris Quinlan, Clearfield Communications CEO. “This investment will help fuel our ability to deliver this ‘farm-to-fingertip’ solution to customers, simultaneously addressing the changing needs of regulators, producers, dispensaries and consumers. Merida is a widely-respected industry leader – we are delighted to have their partnership in building a smart, safe and profitable cannabis marketplace.”