Green Acre Capital Fund Secures Lead Order for Cannabis Investments
February 23 2017 - 8:07AM
Green Acre Capital (“GAC”) today announced the first close of Green
Acre Capital Fund I, dedicated to investments in the Canadian legal
cannabis industry. The Fund remains open and on pace to raise
the targeted amount of $25 million in Q1 2017.
GAC is also pleased to confirm that Dragons’ Den
veteran and co-founder of FirstEnergy Capital Corp, W. Brett
Wilson, will be a lead investor alongside York Plains Investment
Corp. and Aphria Inc. (TSXV:APH.V) (OtherOTC:APHQF). In connection
with the investment, Wilson joins Shawn Dym, Managing Director of
York Plains, Lorne Gertner, co-Founder of Tokyo Smoke and PharmaCan
Capital (now Cronos Group) and Vic Neufeld, CEO and Chairman of
Aphria on GAC’s board of advisors. The GAC team is led by Managing
Directors, Matt Shalhoub and Tyler Stuart.
“We are excited to be partnering with such
reputable and seasoned leaders and advisors. The addition of Brett
is a big win for GAC. He is an incredibly savvy investor and
entrepreneur who will bring a lot of passion to our team. We look
forward to leveraging the experience and insight of our entire
Advisory Board to deploy capital to the most compelling ventures
across the cannabis value chain,” said Stuart.
“The legal cannabis market is inevitable and I
feel this will be an intelligent place to deploy capital. The Green
Acre Capital Fund is ahead of the curve in offering a product like
this to investors. I intend to be an advocate for two main themes
as I get involved in the industry. The first is to advance medical
research initiatives on a plant that has been illegal to date. And
the second is around responsible consumption, particularly for our
youth,” adds Wilson.
The launch of the fund was announced in early
2017 with the goal of building a diversified portfolio of the most
attractive cannabis investment opportunities across numerous
verticals within the industry. “Canada is on the verge of what is
sure to become a multi-billion dollar industry. We’re proud to be
here early, and eager to shape the industry moving forward,” says
Shalhoub.
Green Acre Capital is currently exploring early
stage cannabis product, branding, research and technology
investment opportunities in anticipation of the legalizing of the
Canadian recreational cannabis market while building on the
platform of investments in the medical marijuana space.
About Green Acre CapitalGreen
Acre Capital is a private investment fund focused on the Canadian
medical and recreational cannabis industry with consideration for
international opportunities. The Fund plans to invest in multiple
sectors of the cannabis value chain, and to create an eco-system
amongst portfolio investments that will help fuel growth and
innovation. www.greenacrecapital.ca
Contacts
Matt Shalhoub
mshalhoub@greenacrecapital.ca
416-639-9690
Tyler Stuart
tstuart@greenacrecapital.ca
403-910-6926
Aphria Inc. (TSXV:APH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aphria Inc. (TSXV:APH)
Historical Stock Chart
From Apr 2023 to Apr 2024