Cannabis Investor Merida Capital Surpasses $50 Million in Assets

Merida Capital Partners, a private equity fund, announced this morning that the company has crossed $50MM in assets under management and has also closed transactions with nine different companies in its second Fund.

Meirda Capital Partners have over a 100 years combined experience making direct investments into both private and public companies. Their partners have a myriad of involvement in the cannabis industry and have worked in both the recreational and medicinal cannabis fields.

Some of the more well known companies are Kush Bottles (OTCQB:KSHB), a leading supplier of cannabis packaging; Grow Generations (OTC: GRWG), an industry leader in commercial equipment sales and large-scale grow support with hydroponic supply locations; New Frontier Data, a technology-driven analytics company specializing in vetted data, actionable business intelligence for investors and participants in the cannabis industry; and Simplifya, a technology company helping businesses of all sizes track cannabis compliance through industry-leading self-audit and reporting tools.

Nick Kovacevich, CEO of Kush Bottles, gave this statement in the company’s press release:

“People always talk about taking the ‘right money’ or ‘smart money,’ and Merida has proven to be the epitome of a true value-add investor in the cannabis space. From the first day we accepted their funds they have been involved in directly impacting our strategy and growth at Kush Bottles.”

Related posts

Global Hemp Group Provides Update on its CBD Hemp JV Project with Marijuana Company America in New Brunswick, Canada

Editor

Emblem and Canntab Therapeutics Gain Approval from Health Canada for R&D of Cannabinoid-Based Oral Sustained Release Formulation

Editor

Medical Applications for Cannabis Push Global Demand Ever Higher

creativemind

Leave a Comment

%d bloggers like this: