31 Oct Poseidon aims to raise $100M-$150M through new cannabis fund
Posted at 19:15h in Briefs, California Medical Cannabis Business & Marijuana Legal News, Capital, emily paxhia, Funds, investments, MMJ Business Daily, Morgan Paxhia, Poseidon Investment Management, Sales, Funding & Banking News 0 CommentsPoseidon Asset Management – a San Francisco-based, cannabis industry-focused investment company – has launched a second fund with the goal of raising $100 million to $150 million from investors. If Poseidon achieves that goal, the investment fund would be one of the largest in the marijuana industry. The company did not detail the types of businesses it will invest in. According to a company news release, Poseidon has made two new hires connected to the new fund:
- Tad Henderson, who takes the role of managing director
- Andrew Roche, who will be an investment analyst
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