Investing
Grant Canary's wildfire recovery startup reborn as biodiversity gets hot
Published:
Last Updated:
(David Callaway is founder and Editor-in-Chief of Callaway Climate Insights. He is the former president of the World Editors Forum, Editor-in-Chief of USA Today and MarketWatch, and CEO of TheStreet Inc. His climate columns have appeared in USA Today, The Independent, and New Thinking magazine).
SAN FRANCISCO (Callaway Climate Insights) — Grant Canary’s startup launched seven years ago with a novel, high-tech idea — use drones to reseed forest land lost to wildfires. His company, then called DroneSeed, was the first to get permission from federal aviation authorities to use its eight-foot diameter drones to fly around the U.S. West spreading seed on fire-scorched land.
A few years ago, however, Canary and his investors realized they had a problem. As wildfires proliferated in California and other states, there wasn’t enough seed to go around. So like any good entrepreneurs, they switched tack. In March, DroneSeed became Mast Reforestation. And to celebrate, the Seattle-based company purchased one of California’s largest reforesting seed companies, Cal Forest Nurseries.
“We realized we were offering a much bigger service than the original name — which is still a product line — entailed,” Canary said in an interview last week with Callaway Climate Insights, adding that the company’s small army of drones has been temporarily grounded. “We will absolutely use them again, but first we have to build up the seed supply.”…
Subscribe to Callaway Climate Insights to keep reading this post and get 7 days of free access to the full post archives.
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.