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Marijuana-centric private equity company Privateer Holdings – coming off a $122 million funding year – has increased its coffers with a significant raise of $58 million.
The Seattle-based company’s recent Series B raise is a combination of equity and a convertible note, GeekWire reported.
In 2016, Privateer became the first marijuana company to raise more than $100 million, and its latest funding brings the seven-year-old firm’s total to $180 million.
Privateer owns U.S. cannabis companies Leafly and Marley Natural as well as Canadian medical marijuana licensed producer Tilray. Tilray recently said it will