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Snoop Dogg invests in Toronto-based seed-to-sale cannabis tracking software


Rapper Snoop Dogg is investing in another Canadian cannabis venture.

Toronto-based Trellis, a cannabis inventory management software provider, said Thursday the weed-loving rapper’s venture capital firm is leading its latest $ 2-million seed round.

Snoop Dogg’s Casa Verde Capital invests in firms that support the cannabis industry but don’t directly touch marijuana.

This investment comes about a year after Tweed Inc. and parent company Canopy Growth signed a deal with Snoop Dogg.

That deal granted the Canadian marijuana producer exclusive rights to use certain content and brands owned by the rapper’s company LBC Holdings.

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The chief executive and founder of Trellis says Snoop Dogg’s involvement helps to give his Toronto-based company a higher profile.

“For us, I think it just elevates the discussion and helps to boost our brand visibility,” Pranav Sood said.


TORONTO STAR