Privateer raises $40M, exceeds $100M in total funding

420Patients.com is accepting qualified medical marijuana patients and caregivers to join our network. We value every registered member and we hope to serve you in Arizona. This article brought to you by 420 community friends mmjbusinessdaily.com

Privateer Holdings, a cannabis-focused private equity firm in Seattle, announced Friday it has closed on $40 million in convertible bridge financing, bringing its fundraising total to $122 million.

The news marks the first time a cannabis-related investment company has raised more than $100 million, Privateer said in a press release. The funding increase reflects growing investor interest in cannabis-related businesses.

Privateer said it will use the money to launch new ventures, make strategic acquisitions and expand its three existing portfolio companies into new markets.

The three companies are: Leafly, an online strain and dispensary guide that receives more

Privateer raises $40M, exceeds $100M in total funding is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Leave a Reply

Skip to toolbar