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Cresco Capital Partners closes cannabis fund on $60m

Managing partner Codie Sanchez says LPs in the firm’s second vehicle include managers from large private equity and venture capital firms committing their own capital.

SOL Global pays €1.8m for 25% stake in medical cannabis firm GreenLight

The US-focused company has an option to increase its share to 51% in the Irish firm as it positions itself for growth in European markets.

AB InBev and Tilray announce research partnership for cannabis-infused drinks

The global beer giant and the cannabis company are looking into non-alcoholic drinks containing THC and CBD through the tie-up, which is limited to Canada.

Cannabis investor Acreage raises $119m ahead of Canadian listing

The IPO will help allay fears among private equity and institutional investors that the lack of legal consensus on cannabis creates financial risk, president George Allen tells Agri Investor.

Salveo Capital commits to cannabis as larger investors circle the market

The US firm has decided to back a company closer to direct cannabis flower production than any of its previous investments. Managing director Michael Gruber tells us why.

Snoop Dogg’s VC firm seeks high returns

The rapper's cannabis-focused venture capital firm is looking for 10x returns with its debut fund. Managing partner Karan Wadhera talks strategy.

Salveo Capital brings on ex-Goldman exec

Thomas Mazarakis tells Agri Investor that changes in public opinion and cannabis investments by multinationals have helped remove the stigma deterring financial professionals.

Cannabis fundraising booms despite federal crackdown

While Attorney General Jeff Sessions has made it hard for marijuana businesses to bank their growing piles of cash, dealmaking continues apace.

Tress Capital: Cannabis attracting more institutional level interest, less stigma

Asher Troppe, CEO of Tress Capital, a strategic private equity firm investing in the cannabis sector, spoke to Agri Investor about his firm’s investment strategy as major changes sweep through the sector and create opportunities.

Hemp oil company targets $5m equity funding

Hemp-focused private equity firm General Hemp is a cornerstore investor in Medical Marijuana, which plans to use the funding for clinical trials and expansion into Latin America.
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