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Home 🌿 Marijuana Business News 🌿 CEO of Privateer Holdings: ‘Cannabis in the United States is Bigger than Corn’ 🌿CEO of Privateer Holdings: ‘Cannabis in the United States is Bigger than Corn’
On Dec. 4, 2015, Bloomberg’s Britton Staniar and Peter Robison interviewed Brendan Kennedy, CEO of Privateer Holdings, a private equity firm focused on the legal cannabis industry, in Seattle to discuss Privateer’s investments in cannabis-related businesses.
Brendan Kennedy, Michael Blue and Christian Groh founded Privateer Holdings in 2010. Kennedy told Bloomberg, “We put together Privateer Holdings because we saw this huge opportunity to build a private equity firm in this industry that was making investments in medical cannabis companies.”
On Jan. 8, 2015, Peter Thiel’s Founders Fund invested in Privateer, and to date Privateer has raised $82 million in funding to support its collection of cannabis assets, including Tilray, a licensed cannabis producer based in British Columbia; Leafly, an online resource that connects cannabis consumers to their perfect strain; and Marley Natural, the Bob Marley-inspired global cannabis brand that was announced last year on NBC’s Today Show by Privateer...
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