Poseidon Launches $50M Fund To Support Post-Seed Stage Cannabis Companies

Poseidon, one of the longest-running dedicated cannabis investment funds, recently launched the Poseidon Garden Fund in partnership with CanopyBoulder founder Patrick Rea and former CanopyBoulder director of operations, Celia Daly.

The $50 million fund will invest in roughly 20 companies across all cannabis verticals, focusing on post-seed stage businesses. All companies that receive investment will have access to the Poseidon Garden Fund Mastermind, a peer-to-peer network that supports founders in ways they need but don't often receive. The program includes monthly calls, exclusive meet-ups at industry events, an annual in-person retreat and active assistance from the Poseidon Garden Fund team and network.

“The post-seed stage provides a natural point for the Poseidon Garden Fund to deploy capital and generate value for our investors before Series A investors drive up valuations,” said Morgan Paxhia, managing partner of Poseidon. “For active and knowledgeable investors, post-seed is the stage where they know the greatest alpha can be generated in the cannabis industry.”

Encuentra nuestro contenido en Español en El Planteo:

• Tiempo y Precio, el Remedio Definitivo Para la Valoración en una Industria de Cannabis de Alto Crecimiento

• México: Qué Implican para Inversores la Legalización del Cannabis y el Potencial Turismo de ‘Wellness’

• Medicina Paliativa: Por qué la Farmacéutica Mexicana Landsteiner Comenzó a Investigar el Cannabis

See more from Benzinga

• Click here for options trades from Benzinga

• Rapper White Dave Drops 'Odor' Video Showcasing 4/20 Celebration

• Study: U.K. Cannabis Industry Could Be Worth .8B Per Year If These Problems Are Fixed

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.