One of our favorite Canadian cannabis APHRIA INC COM NPV (OTCMKTS:APHQF) has made some good moves on the chart this year, as well as operationally. We’ve made it no secret that we’re extremely interested in Canadian marijuana markets leading into 2018, which will see the end of prohibition nationwide.
There are voices in the investment community who feel the enthusiasm for cannabis is overstated, and while it’s true that a lot of capital has been wasted on unsuccessful startups, that’s true of any burgeoning industry. There are, also, always going to be those few that rise to the top, and APHQF is a good candidate to be one of them. In fact, we’re learning this week that the company was a key contributor to a cannabis investment fund.
It was reported that the Green Acre Capital Fund I saw its final closing, having raised approximately $25 million to invest in the legal cannabis industry. It is anticipated that total Green Acre Capital managed investment may far exceed this figure, based on the appetite for co-investment from fund investors. The fund is focused on investing in Canadian growth-stage ancillary cannabis companies, the majority of which was raised from Canadian high net worth investors, with lead commitments from York Plains Investment Corp., W. Brett Wilson, and APHRIA INC COM NPV (OTCMKTS:APHQF).
Green Acre Capital is a private investment fund focused on the Canadian medical and recreational cannabis industry with consideration for international opportunities. The Fund plans to invest in multiple sectors of the cannabis value chain, and to create an ecosystem amongst portfolio investments that will help fuel growth and innovation. The Green Acre Capital team is led by Managing Directors, Matt Shalhoub and Tyler Stuart, and a board of advisors that includes Shawn Dym, W. Brett Wilson, Vic Neufeld, and Lorne Gertner.
“We are pleased to be closing this fund having exceeded our initial fundraising target,” says Stuart. “In this time of unprecedented growth for the industry, we are well positioned to add to our ecosystem of cannabis investments”.
“Many entrepreneurs in this industry need more than just capital, and we plan to fill that void for our investee companies,” says Shalhoub. “Having our fundraising behind us will allow us to dedicate all of our time and attention to finding and supporting great companies and talented entrepreneurs”. (Source: Globe Newswire)
So regardless of the legal or regulatory hurdles that cannabis has yet to clear in Canada and elsewhere, there is still a widespread effort to efficiently and effectively find ways to extract value from, and add value to, the industry.
Even amid cries of being rushed into setup of a regulatory system by provincial government officials, the Canadian federal government remains committed to the July 1st, 2018 deadline for cannabis to be available to every adult Canadian citizen.
Yes, 2018 is sure to be an exciting time for Canadian cannabis companies and their investors. As for the present time, being a licensed medical cannabis producer in Canada is a good position to be in, with roughly a 20% increase in registered users in the last quarter. APHQF itself has been in an overall uptrend since early this summer and we’ll be anxious to continue to monitor its activity moving forward.We’ll stay up on any further developments with APHQF and pass them along to you! Stay locked on StreetRegister.com and be sure you’re signed up for our 100% free smallcap newsletter. It’s as easy as that! Simply submit your primary active email address in the box below. Subscribe now!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in APHQF stock, short or long.