New York: Private Equity Firm Raises $US93 Million For Cannabis Business Investment & Opportunities

11 August 2016

MJ Biz report

A New York-based private equity firm has raised $93 million to pump into cannabis companies, giving it the largest pool of capital ever gathered for marijuana-related investments.

Tuatara Capital, founded in 2014, announced today that it has closed out its two funds and will use the capital to make equity investments in high-growth cannabis companies in the research & testing, cultivation, processing, consumer and retail sub-sectors.

Tuatara said its original fund target was $80 million, meaning the firm surpassed its goal by about 16%.

The amount is significantly larger than the $75 million raised by cannabis-focused private equity firm Privateer Holdings early last year.

Full Report:

Tuatara Capital

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