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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-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.
A Canadian court ruling makes it legal for medical users to grow their own marijuana, while Australia's parliament takes steps towards the creation of a legal medical market.
A prospectus from ArcView and New Frontier predicts slower market growth, but major legislative victories in 2016.
The company, which only formed eight months ago, has received investment from cannabis VC firm Phyto Partners.
The firm said it is focused on building internationally recognised cannabis brands.
The company has recorded year-on-year growth of 900 percent and says it will prepare to expand in the US and even Europe.
The launch comes alongside a fundraising round for an undisclosed amount.
The funding will be used to expand and develop the cannabis packaging product line at FunkSac.
The fund's manager sees an opportunity in the 'Bloomberg' of the cannabis industry.
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