Teri writes for CRB Monitor News these days and has recently been doing a much better job than her Brit colleagues at getting into the nitty gritty nastiness of the ever awful Thames Water.
It’s great to see that once again she has turned her very attentive antenae to the grubby world of cannabis finance .
Planet 13 and El Capitan are the topic du jour
Teri writes
Andrew Nash, founder of El Capitan Advisors, had to turn over the keys to his $5 million home in Santa Barbara, Calif., to multi-state operator Planet 13 as a result of a lawsuit accusing him of a massive theft and fraud.
Las Vegas-based Planet 13 has relentlessly pursued litigation against not only Nash, who is under federal investigation, but also his wife Jamie Nash and venture capital firm Casa Verde, which was an early investor in Nash’s company and held a board seat.
El Capitan Advisors, a cash management firm for cannabis companies, is an SEC registered investment advisor that claims to manage $7.4 billion of assets in its last SEC filings. The firm got its start in 2019 with $1 million in seed money from Los Angeles-based Casa Verde, the cannabis-dedicated investment firm known for its celebrity co-founder Snoop Dog, in return for a 20% stake in El Capitan, according to SEC filings. Andrew Nash is listed in the firm’s filings as El Capitan’s chief executive officer and majority owner, with Casa Verde and other outside investors holding at least a 25% stake. Casa Verde Managing Partner Karan Wadhera served as an independent director at El Capitan from its inception until the end of 2023.
Dig into the details at
