Green Acre Capital, a Toronto-based private investment fund focused on the Canadian medical and recreational cannabis market, announced it had raised $25 million to invest in the industry. They will focus on growth state companies.
Most of the money was raised from Canadian high net worth investors, with the largest commitments from York Plains Investment, W Brett Wilson, and Aphria (TSX: APH) (OTCQB: APHQF).
“In this time of unprecedented growth in the industry, we are well positioned”…to support “…great companies and entrepreneurs,” said Tyler Stuart, one of two managing directors of Green Acre.
Source: Green Acre Capital