Green Acre Capital raises $25 mln for debut cannabis fund
Canadian cannabis investment firm Green Acre Capital has closed its debut fund, Green Acre Capital Fund I, raising $25 million. Most committed capital was secured from wealthy investors, with York Plains Investment Corp, W. Brett Wilson and Aphria Inc providing lead commitments. The fund will target investments in Canadian growth-stage ancillary companies in the legal medical and recreational cannabis industry. Its initial deals include Tokyo Smoke, a cannabis lifestyle and retail brand, and a merger of smoke shop product distributors. Based in Toronto, Green Acre is led by Managing Directors Matt Shalhoub and Tyler Stuart.
2 October 2017•2 mins read
