Gladstone Financial, a subsidiary of Gladstone Capital, has invested $500k in New Frontier Data, an independent analytics company providing data on the cannabis market to 68 countries around the globe.
Gladstone manages over $2 billion in assets and has, since 2001, invested over $1.5 billion in over 200 businesses, many of them minority-owned. New Frontier analyzes the cannabis market, but is not a cultivator.
“We see the need for a comprehensive and accurate data provider to evaluate one of the fastest growing markets. We believe (it) will be a must-have resource for the industry and those that regulate it,” said Duane McKnight, Managing Director of Gladstone.
Source: Gladstone Capital press release