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.
Tag Archives: Fundraising
DENVER, March 15, 2017 /Weed Wire/ — IMPACT Network, a nonprofit dedicated to Improving Marijuana Policy and Accelerating Cannabinoid Therapeutics, announced their new focus on cannabis for women’s health, as well as several new executive team appointments that will support Founder and Executive Director, Dr. Michele Ross, and newly promoted Deputy Executive Director Susan Parker.
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.
SEATTLE, Nov. 4, 2016 /Weed Wire/ — Privateer Holdings, the world’s first private equity firm to invest exclusively in legal cannabis, today announced that the company has closed an additional $40 million in convertible bridge financing.
STONEHAM, Mass., April 18, 2016 /Weed Wire/ — CannaKorp, Inc. announced today that its angel fundraising goal of $1 million was oversubscribed by 60%, with a total of$1.58 million raised.
FT. LAUDERDALE, Fla., Nov. 23, 2015 /Weed Wire/ — A national fundraising campaign to help veterans gain access to medical cannabis to treat the symptoms of post-traumatic stress disorder (PTSD) is being launched through 1,400 cannabis dispensaries that are clients of BioTrackTHC.
Science crowdfunding startup Walacea is helping Madrid’s MedicalCannabis Bike Tour to raise the final €85,000 it needs to conduct an independent clinical trial into the effect of cannabinoids on brain tumours.
Back in January, ebbu LLC’s Dooma Wendschuh was embarking on a journey to raise $9 million in venture capital funding.
Every industry is only as strong as the connection between the capital needed to grow and maintain it, and the companies themselves, who allocate that capital to expand new markets, lower costs, add services and improve product offerings.
Stocks in the highly volatile cannabis space continue to slowly evaporate away all the immense gains they saw early in 2014. This is not unexpected, as things were way too overheated in the spring.
Montel Williams, the former host of his eponymous show, has become a full-time veterans’ rights crusader recently and now he’s wading into Florida politics with a pitch for the medical-marijuana constitutional amendment.