Privateer Holdings Inc. (Privateer), the world’s first and leading private equity firm investing exclusively in the emerging legal cannabis industry, today issued the following statement, strongly emphasizing that it does not have plans to register, sell or distribute the 75 million shares that Privateer owns in Tilray, Inc. (NASDAQ:TLRY) when the lock-up expires next week.
The growth of the cannabis industry has started to gather the attention and capital of many well-known celebrities. Some of the celebrities who entered the cannabis industry were expected to enter the industry, but some of them were unlikely candidates.
The cannabis stock market is excited about the upcoming initial public offering of MassRoots, which is one of the most popular cannabis based apps. The app will be one of the first cannabis-based businesses to go public.
Technical420 has stated that some of the best cannabis companies are privately held and not publicly traded. Today we want to discuss some of the best private companies.
The growth of the cannabis industry has started to gather the attention and capital of many well-known celebrities. But who is getting involved?
Willie Nelson recently revealed plans to launch a branded chain of marijuana dispensaries and related products, including signature strains of pot. He wants to develop and sell his own strains through his own dispensaries. Nelson plans to open his first dispensary in 2016.
Calvin Broadus, Jr. (aka Snoop Dogg) announced that he is working on creating an investment fund that will invest in cannabis startup companies. Most people know Snoop Dogg because of his rap career, but do not be fooled, this rap superstar is not new to the investment world.