sunny3999 wrote: Sorry, i don't get it another 15 mn for what? After giving Hiku/Tokio Smoke to Canopy where is the sense, as Lorne Gertner (Tokio Smoke) and Vic are advisors....
Its like shedding money with the watering can, without having a focus to buy, lead and grow companies.
For me the strategy isn't clear at all - just some examples:
- Canabo Medical Clinic bought and sold for a loss ?
- Kalytera Therapeutics bought sold with a loss ?
- Copperstate might be in Liberty or divested duw to US federal issues ?
- Nuuvera the biggest invest with unknown outcome or strategy ?
- buying Latam parts with an premium from Scythian and let them get Florida licence ?
- Schottenstein-Aphria just one licence in Ohio
Some invests made some money like Tetra BioPharma, Tokio Smoke/Hiku, LHS, but i dont get the real strategy for spending like watering can ?
Please enlight or give your view regards the situation ? (Thanks)
raptor57 wrote:
Globe says Aphria commits $15M to Green Acre Capital
2018-08-03 08:22 ET - In the News
The Globe and Mail reports in its Friday edition that demand for private-equity investments in the cannabis sector remains high as Canada's legalization of recreational marijuana approaches. The Globe's Jeffrey Jones writes that Calgary's Green Acre Capital has received commitments of $35-million from the likes of Aphria, Brett Wilson and Saskatchewan cannabis funding firm York Plains Investment. Aphria is the largest contributor, committing $15-million. Its chief executive officer, Vic Neufeld, is on Green Acre's advisory board. Green Acre's first fund invested $25-million in 12 companies, with a focus on small firms offering ancillary products and services, such as cultivation technology, software and retail brands, notably Tokyo Smoke. "The cultivation side is a challenging, competitive market and what we observe in the legal U.S. states is that the pricing of cannabis tends to drop pretty sharply in those competitive markets," Green Acre managing director Tyler Stuart said. "So we decided to focus on all of the infrastructure around those growers. We found there's a lot of opportunity and the valuations are quite good." In addition, there is less competition for such investments, Mr. Stuart said.
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