Narbé Alexandrian’s plan to invest Canopy Rivers, the ‘Google Ventures’ of pot
Narbé Alexandrian, CEO of Canopy Rivers, the venture arm of Canopy Growth, is leading an ambitious strategy to fill a funding gap for startups expected to drive growth in the burgeoning global pot industry. Alexandrian, hired last year from OMERS Ventures, told PE Hub Canada the firm is targeting long-term financings of early-stage marijuana companies, a space investors have largely ignored. Investing from a $300 million pool, Canopy Rivers seeks opportunities across the cannabis value chain, a focus that also differentiates the firm. “Everybody is chasing the next cultivation deal,” Alexandrian said, noting this overlooks a wealth of ancillary activities representing strong growth potential.
31 May 2019•3 mins read
