Cannabis breathalyzer company Hound Labs, Inc. has raised $20 million from a variety of cannabis investment groups. Investors in the company include Entourage Effect Capital (EEC), Intrinsic Capital, Benchmark, Icon Ventures, and Tuatara Capital. The company raised the funds in order to scale production of the HOUND MARIJUANA BREATHALYZER. Hound Labs says it has developed a patented and one-of-a-kind ultra-sensitive technology that is at the core of the company’s first commercial product. “The groundbreaking breath testing technology created by Hound Labs provides a substantial competitive advantage to the Company,” said Dov Szapiro, Managing Partner at EEC. “The Hound Labs team has accomplished an impressive scientific achievement – precisely and consistently targeting one specific type of molecule out of the more than 3,500 different compounds found in breath”.
Alexius Willmon, Green Market Report, 09/08/2021 08:53:00