Investors Archives - Green Market Report

Video StaffSeptember 10, 2018

3min14040

Green Table Global recently held an event in Southampton NY bringing together cannabis companies and cannabis investors. It was a beautiful evening and even though it was a Sunday night, there was plenty of interest. Investors listened to presentations from Matt Karnes of GreenWave Advisors, Multiverse Capital, Green Revolution, Franki Global, and Kannalife.

Multiverse Capital is a Venture Capital Firm Investing in all Sectors of the Global Cannabis Industry. The Multiverse name is reflective of our broad-based strategy since it invests in both private and public cannabis companies, globally. Multiverse Capital has 3 distinct cannabis investment venture funds: medicinal, adult use (recreational), and ancillary (real estate, ancillary products & services, and biotech). Multiverse Capital management and advisors have worked with hundreds of private and public cannabis companies in over 15 countries and have a combined 16 years of commercial cannabis and industrial hemp experience.

Green Revolution is the first crossover cannabis health and lifestyle brand in the country. At Green Revolution, the company has created a family of cannabis-based products for all vital dimensions of your life. By using the latest scientific methods and innovative technologies, Green Revolution has become a recognized leader in multiple product categories within the cannabis industry and is poised for national expansion. Its products serve a broad demographic from 21 to 80 and have consistently proven to be the go to option for veteran users as well as people experiencing cannabis for the very first time.

Franki Global Inc. is a unique video-based social media experience via its brand “franki”. franki connects consumers and businesses through an authentic social video review experience. Unlike other review apps, franki invites consumers to create video reviews that share their true opinion and allowing franki users to discover their next adventure – all whilst giving businesses and brands valuable feedback on their products and services.

Kannalife Sciences, based at the Pennsylvania Biotechnology Center is a pharmaceutical and phyto-medical company involved in the research and development of novel therapeutic agents designed to reduce oxidative stress, and act as immuno-modulators and neuroprotectants. Kannalife holds an exclusive license with NIH for the commercialization of US Patent #6630507, “Cannabinoids as Antioxidants and Neuroprotectants” to treat Hepatic Encephalopathy (HE) and an additional license to treat Chronic Traumatic Encephalopathy (CTE).


StaffSeptember 20, 2017
shutterstock_398178733.jpg?fit=960%2C637&ssl=1

4min27130

Several themes emerged from this week’s meeting of the cannabis financial minds at the CannaBrunch yearly event. One thing that these investors agreed upon was that investing in Colorado or California was out. What these cannabis investors wanted were emerging states.

I’m staying out of Colorado and California because there’s too much competition. I prefer a limited environment like Pennsylvania,” said Ryan Ansin of Ansin Investments an early stage investor. Ansin echoed what others were saying with regards to the crowded fields of these states and the higher valuations on companies. Many preferred states like Illinois and Pennsylvania because there were fewer licenses and a better chance for cannabis businesses to be profitable.

Others pointed out that states like Florida had approved of too many licenses, which has too many dispensaries for the patient population. Washington was also mentioned for its over-supply of cannabis with pounds of product per person being produced.

One of the pitch companies GTI a Chicago-based cannabis company also said it focuses on states where they can be the big fish in a small pond. Chairman Ben Kovler said he likes the states that other larger companies have ignored. Although the work to get these businesses established is extreme, he feels the payoff is better in a state where they are fewer players.

Another theme was one that has been playing out over the past couple of years and that is more investment money than quality investment deals. Eric Shoemaker a founder of Swell Companies said, “I can raise $50 million, but it’s hard to put it to work.” Swell is one of the leading cannabis processing companies in the country. He noted that the industry has had a dearth of exits and that doesn’t present very many opportunities for others to come in. “The biggest exits don’t seem to come with a lot of cash attached to them,” he said.

Ralph Amato CEO of Ventana Capital Partners said, “It’s hard to find quality deals and companies with people who have strong backgrounds and good experience.” He said that any deal they do, his company insists on complete financial control over the company.

Many of these smaller investors agreed that they were happy that bigger players like Goldman Sachs were staying out of the cannabis industry and giving them a chance to make some choice investments. So, while President Clinton might have been good for legalization, it wouldn’t have been so great for these investors.

Established investment funds seem very interested in the cannabis industry, but many are still wary of investing in an industry that is still federally illegal. What does seem to be a trend is that the fund and family office founders are putting their own personal money to work. They may not feel comfortable putting client money in a highly risky investment, but they are personally fascinated and want to be a part of the emerging industry.

Somme investments there were also mentioned included platforms to address deal making due to an oversupply of product. There was also interest in the company that won the pitch contest, Go Fire a digital health company that collects user data based on patient experience and Green Rush a mobile platform that powers the online connection between dispensary and customer.


Don't Miss This Week's Groundbreaking News

Join the thousands of subscribers who stay informed with GMR's exclusive news briefs delivered directly to your inbox every Friday afternoon.

We respect your privacy. See our privacy policy.


About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


READ MORE



Recent Tweets

@GreenMarketRpt – 2 days

RT : Air fives for our Head of Operations, Eric Lopez! Eric leads the execution of our company’s growth strategy across mar…

Back to Top