NEW YORK (MainStreet) — After pitching to potential investors at three ArcView Investor Network events, Ebbu CEO Dooma Wendschuh closed a $2 million round of financing three months ago for his cannabis distillery company.
Tag Archives: Marijuana Investors
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.
Silicon Valley entrepreneurs love to beat their chests about how disruptive they are. As the trope goes, they’re fearless about betting on the next far-out idea, whether it’s driverless cars, private space flight or the Airbnb of parking spots.
When the SEC temporarily suspended the trading of GrowLife securities (OTCMKTS: PHOT) on April 10, it sounded an official fire alarm. Maybe GrowLife was simply sending smoke signals, but the SEC’s suspension was lifted yesterday and it appears many investors feared the company was in flames. Forbes reported stocks plummeting 60 percent before lunchtime and by close of trading, the stocks were down 58.17 percent.