Founders Fund invests in Tilray backer Privateer Holdings
Privateer Holdings, which last year launched Canadian medical cannabis facility Tilray, has received an investment from U.S. venture capital firm Founders Fuel. The "multi-million dollar" investment was not disclosed, but forms part of Privateer's’ Series B financing round, which has raised more than US$50 million to date. Founded in 2010, the U.S.-based Privateer opened Tilray as a federally-licensed commercial cannabis cultivation operation in April 2014. The company is located in Nanaimo, British Columbia, and its currently shipping to Canadian patients, according to Privateer's website.
8 January 2015•3 mins read
