Venture Capital

MedMen Opportunity Fund Closes Below $100 Million Target

MedMen Opportunity Fund Closes Below $100 Million Target

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.

High Times Acquisition: Company Valued at $70 Million

High Times Acquisition: Company Valued at $70 Million

On June 1, 2017, High Times announced that controlling interest in the company had been acquired by 20 investors, a group comprised of cannabis industry members, entrepreneurs and entertainment veterans. Oreva Capital, a Los Angeles-based investment firm, led the High Times acquisition, valuing the company at $70 million. The company will now operate as High Times Holding Company.

Marijuana Breathalyzer Company Raises $8.1M in Series B Financing

Marijuana Breathalyzer Company Raises $8.1M in Series B Financing

On May 23, 2017, Hound Labs Inc., a marijuana breathalyzer company in Oakland, announced that it has closed its Series B round of financing with $8.1 million from Benchmark, a California-based venture capital firm that has made successful early-stage investments in companies like Uber and Snapchat, among others.

Cannabis Compliance Platform Closes $3.25M Series A Offering

Cannabis Compliance Platform Closes $3.25M Series A Offering

On April 12, 2017, Flowhub, a seed-to-sale cannabis compliance platform, announced that it had closed an oversubscribed Series A offering of $3.25 million, with Green Lion Partners and Phyto Partners leading this round of financing.

Top Marijuana Private Equity and Venture Capital Funds

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.

No Need to Speed: Eaze Evolves With Capital Raise

No Need to Speed: Eaze Evolves With Capital Raise

On Oct. 25, 2016, Eaze, a medical marijuana delivery service in California, announced that it had completed a $13 million Series B round of financing, bringing the company’s fundraising total to $25 million.

VCs Invested in Cannabis

Venture Capitalists Invested Over $215 Million in Cannabis Companies in 2015

On Feb. 29, 2016, CB Insights released a report on venture capital investments in the legal cannabis industry for 2015. According to the report, VCs invested in 98 cannabis-related deals in 2015, totaling $215.2 million.

Lori Ferrara

Investor Dispatch: Lori Ferrara Trailblazing in the Marijuana Industry

Lori Ferrara wasn’t deterred when she walked into her first ArcView meeting and found herself the only female investor among 80 men. She recalls being a little intimidated but took them on “one-by-one” and ended up being the organization’s first female investor.

Trenk

Investor Dispatch: Steven Trenk at the Vanguard of Legal Marijuana

Steven Trenk entered this industry with more than just a simple interest in marijuana as a market opportunity; he entered as an early adopter with the professional experience to chart his course in legal marijuana.

Fred Gross and Cannafundr

Fred Gross and Cannafundr Raising Cannabis Capital

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.

Market Size

New Report: Marijuana Revenue by State is Between $50-$60 Billion

Marijuana Investor News estimates total related product sales to be between $50 and $60 billion in the United States. In a new report released on September 26, 2014, MJIN estimates the current market size for U.S. marijuana revenue by state.


Top