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
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.
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.
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.
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.
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.
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.
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.
Private equity firm Seventh Point sees big opportunities in medical marijuana and wants to get in on the ground floor.
Money seems to be pouring into the cannabis industry as many investors believe the return on these early investments will be huge.
Over the last few years, a new wave of cannabis-finance companies have formed to capitalize on the green rush.
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.
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.
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.
ED ZIMMERMAN: “Businessmen they drink my wine, Plowmen dig my herb.”
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.
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.
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.
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.
Brendan Kennedy wants to build the Coca-Cola of cannabis. The PepsiCo of pot. The Procter & Gamble of ganja.
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 (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.
With an influx of capital from alternative and traditional (OK, fringe traditional) investors, the legalization business is about to get legit.
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.
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.
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 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 magazine starts up a private-equity fund to aid in the prosperity of an already booming market.