DENVER, Feb. 27, 2018 /Weed Wire/ — Simplifya, the developer of the nation’s leading cannabis industry compliance software, announced Thursday it has closed a $3 million Series B round of funding. It was led by a $1 million investment from Merida Capital Partners, a private equity fund that targets fundamental growth drivers underpinning the rapid development of the cannabis industry.
Tag Archives: Private-equity
U.S. Private Equity Firm Raises More Than $100 Mln for Cannabis Investments
A U.S. private equity firm investing exclusively in legal cannabis said on Thursday it had raised more than $100 million in its third round of fundraising, underscoring investor appetite for the burgeoning industry.
Everything You Need to Know to Invest in Marijuana
Recreational cannabis is a $6 billion industry that is projected to reach $50 billion in legal annual sales by 2026. Here’s what you need to know if you’re thinking of investing in marijuana.
Big-Name Tech Investors Pour Millions Into Marijuana
The storied Silicon Valley venture firm Benchmark Capital has launched a slew of tech companies: Twitter, Uber, Snapchat, Instagram. Now its search for the next big thing has led it to … pot.
Russian Bank Pioneers Find a New Kick: Marijuana
Two banking pioneers during Russia’s chaotic lurch toward capitalism a quarter century ago think they’ve finally found another emerging market that can give them the same buzz.
MedMen Opportunity Fund Closes Below $100 Million Target
On June 12, 2017, the MedMen Opportunity Fund, a California-based private equity fund focused on the legal marijuana industry, filed Form D with the United States Securities and Exchange Commission, indicating that it had raised approximately $60 million of its $100 million offering.
Top Marijuana Private Equity and Venture Capital Funds
While it is still difficult to invest directly in legal pot through public equities, venture capital firms and private equity funds have raised hundreds of millions of investment dollars.
Kings of Cannabis Capital: Privateer First to Raise Over $100 Million
On Nov. 4, 2016, Privateer Holdings, a Seattle-based private equity firm focused on the legal cannabis industry, announced that it has closed $40 million in convertible bridge funding, the first part of a future $100 million Series C equity round.
PE Firm Believes There’s Lots of Money to be Made in Cannabis
Private equity firm Seventh Point sees big opportunities in medical marijuana and wants to get in on the ground floor.
Marijuana’s Investors Prefer To Keep It A Secret
Money seems to be pouring into the cannabis industry as many investors believe the return on these early investments will be huge.
Private Equity Is ‘Seeing More Excitement Than It Can Handle’ in the Marijuana Industry
Over the last few years, a new wave of cannabis-finance companies have formed to capitalize on the green rush.
Privateer Hires Former Federal Reserve Bank Examiner
On Jan. 12, 2016, Privateer Holdings, a private equity firm focused on the legal cannabis industry, announced that it has hired Dante Tosetti, formerly a Federal Reserve Bank Examiner, as Director of Treasury Compliance.
CEO of Privateer Holdings: ‘Cannabis in the United States is Bigger than Corn’
On Dec. 4, 2015, Bloomberg’s Britton Staniar and Peter Robison interviewed Brendan Kennedy, CEO of Privateer Holdings, a private equity firm focused on the legal cannabis industry, in Seattle to discuss Privateer’s investments in cannabis-related businesses.
Salveo Capital Branching Out From Counterculture at Cannabis World Congress & Business Expo
CHICAGO, Aug. 17, 2015 /Weed Wire/ — Alex Thiersch, managing principal of Salveo Capital, will be speaking at the Cannabis World Congress & Business Exposition in Los Angeles on September 18.
Weekend Read: The Weed Funding Bubble
ED ZIMMERMAN: “Businessmen they drink my wine, Plowmen dig my herb.”
CannaInsider Pictures 10 Ways of Funding and Marijuana Investor Summit
The idea of funding a startup can seem daunting regardless of the field a company chooses to enter. Emerging entrepreneurs in the legal marijuana industry can improve their prospects by becoming well versed in their funding options before pursuing a particular path to capital.
Sills Cummis & Gross Launches a Regulated Substances Practice
NEWARK, N.J., April 14, 2015 /Weed Wire/ – Sills Cummis & Gross has launched a Venture Capital/Regulated Substances Practice, building on the Firm’s strong transactional practice. Jeffrey L. Wasserman, a Member of the Firm’s Corporate Department, who focuses on venture capital and private equity deals, is leading the new group, assisted by Associate John Weldon.
Germany’s Deutsche Cannabis Partners with Chicago Based CannaFundr
CHICAGO, April 13, 2015 /Weed Wire/ — CannaFundr, a premiere online investment platform for the cannabis industry, announced today an exclusive partnership with Deutsche Cannabis AG, Europe’s first publically traded investment firm focused on legal marijuana related companies.
Founders Fund Bets on Cannabis
The state of the cannabis industry is an interesting one. Although millions of dollars are legally being generated, the industry is still competing with the public’s renegade outlaw perception of cannabis.
One of Silicon Valley’s Top VC Firms Just Invested Millions in Weed
Brendan Kennedy wants to build the Coca-Cola of cannabis. The PepsiCo of pot. The Procter & Gamble of ganja.
Thiel Considering Big Investment in Pot Sector: Source
Venture capitalist Peter Thiel—who famously suggested on CNBC that “pot smoking” was happening at Twitter—is considering a multimillion dollar investment in Privateer Holdings.
Private Equity Pairs with Marijuana
Private equity (PE) firms in the United States are primarily known for making financial investments in private companies that need a long holding period for funds. This is often done for new technologies, making acquisitions or to expand a balance sheet.
High Times in Private Equity
With an influx of capital from alternative and traditional (OK, fringe traditional) investors, the legalization business is about to get legit.
Cannabis Consulting Inc.
Cannabis Consulting INC. strives to link investors with the tools that they need in order to gain mass funding. The company also provides business solutions and consulting packages.
7 Marijuana Stocks for a Buzzworthy (But Risky) Pot-folio
With marijuana legalization riding high, investors are looking for ways to play the trend. So far, though, even the biggest companies in this green rush have yet to turn a profit.
Private Equity Firing Up Medical Marijuana Sector
In 2012, it took Seattle-based private equity firm Privateer Holdings Inc. 18 months to raise just $7 million for investment in the medical marijuana sector. This January, Privateer raised $15 million in just three weeks. Any day now, it will embark on a $50 million target raise.
Infinex Ventures Acquires Marijuana Funding, Inc.
Infinex Venutres, Inc. (OTC Pink: INFX) (PINKSHEETS: INFX) today announced that it has acquired the privately held company Marijuana Funding Inc, www.marijuanafundinginc.com based out of Boulder, Colorado.
High Times launches private equity fund for marijuana investment
High Times magazine starts up a private-equity fund to aid in the prosperity of an already booming market.