Saskatoon Investors Have High Hopes for Future Marijuana Industry
Jason Drummond has high hopes for the Green Acres Capital Fund, Canada’s first marijuana-focused investment fund.
The fund launched at the start of January, and has already collected around $10 million of a roughly $30-million goal.“We’re going to end up investing in 15 to 20 businesses that we think can all grow and all provide returns,” Drummond said.Entering the fund is not cheap. It carries a minimum buy in of $100,000.Story continues belowDrummond is the managing director at York Plains Investment Corp and an owner and founder of the Leo’s Group, which runs Leopold’s and Victoria’s Taverns.
He believes that current licensed growers will be the leaders in the future recreational marijuana market in the field. That doesn’t mean there aren’t more opportunities to get in on the ground floor.“There’s not just people growing it. You’ve got to sell it, you’ve got to refine it, there’s a tone of...
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