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.”