TORONTO, Ontario, Feb. 8, 2018 /Weed Wire/ – Tilray, a global pioneer in medical cannabis research, cultivation, processing and distribution, today announced the completion of its Series A funding round totaling C$60 million. The round was comprised of a group of leading global institutional investors.
Tag Archives: Privateer Holdings
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.
SEATTLE, Jan. 25, 2018 /Weed Wire/ – Privateer Holdings, the world’s leading private equity firm investing exclusively in legal cannabis, today announced the completion of its Series C funding round and a pledge from the firm’s founders to donate equity equivalent to $5 million at the firm’s current valuation to help communities harmed by cannabis prohibition.
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.
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.
Startups are finding new ways to tailor technologies specifically to cannabis businesses.
On Jan. 6, 2017, CB Insights released a report on annual funding activity for private marijuana companies in 2016, as well as activity for the fourth quarter of the year. According to the report, deals made and dollars invested leveled off in 2016.
The fed’s report was largely positive for the recreational marijuana industry when it was released Tuesday. Aurora Cannabis stock was one of the biggest pot stock beneficiaries of the announcement, but has since had a regression in share price.
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.
Santa Rosa has rolled out the welcome mat to the marijuana industry, and the first firm through the door is affiliated with none other than the godfather of ganja — Bob Marley.
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.
Tilray, a licensed cannabis producer in Canada and owned by Seattle-based Privateer Holdings, became the first Canadian company licensed by the Canada’s Marihuana for Medical Purposes Regulations to legally export medical cannabis cultivated and processed in Canada.
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.
The evolution of the cannabis market in Canada continues to be a crucial case study. There is a lot we can learn about how business models are taking shape and the headwinds being faced in the legalized medical environment that the Canadian MMPR provides.
ED ZIMMERMAN: “Businessmen they drink my wine, Plowmen dig my herb.”
Would you like to invest in Uber? Or how about Airbnb? Well it turns out that you can’t. If you’re a regular Joe or Jane investor, there are no shares to buy for either company, or for companies like Pinterest and SpaceX.
As marijuana laws undergo serious change in the U.S., new pot-related startups have sparked up all over the place. But what will separate the pretenders from the contenders in what’s becoming an extremely crowded space?
Although legal issues have prevented Mary Jane Wines from reaching a wider audience, this hasn’t stopped it from developing its own cult following and attracting high-profile attention.
During the last two fiscal years, investors spent $104.5 million to gobble up stakes in cannabis and cannabis-related companies, according to research firm CB Insights.
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.
Peter Thiel, venture capitalist and co-founder of PayPal, is considering a multimillion dollar investment in Seattle-based private equity firm, Privateer Holdings, according to CNBC.
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.
Leafly, a company perhaps most readily explained as “Yelp for weed,” will run a full-page ad in tomorrow’s New York Times.
When New York became the latest state to legalize medical marijuana, in early July, those hoping to indulge weren’t the only ones paying close attention. The news was also cheered by the growing contingent of eager investors.