Poseidon

AFC Gamma, Inc. (NASDAQ:AFCG) announced on Monday that it has closed a new senior secured credit facility for Private Company Q and expanded its existing senior secured credit facilities for BeLeaf Medical, LLC and Sunburn Cannabis. What Happened & Why It Matters AFC said it has committed $11...

The debate over U.S. cannabis legalization is complex, spanning economics, law and social justice. As of April 2024, recreational cannabis is legal in 24 states, and half of all Americans live in a state where recreational cannabis consumption is permitted. Despite this, cannabis remains illegal...

The panel “Who’s Winning In M&A? East Coast vs. West Coast (The Biggie-2Pac Dilemma)” took place at the Benzinga Cannabis Capital Conference in Florida, where industry experts shared their forecasts about trends in marijuana M&As. Scott Greiper, CEO and founder of Viridian...

The Benzinga Cannabis Market Spotlight event ended with a panel discussion featuring Alexa Alianiello, the head of cannabis at X, formally known as Twitter; Wendy Berger of Green Thumb Industries‘ board and Emily Paxhia, co-founder of Poseidon. These prominent women delved into the current...

The California-based cannabis extract producer PaperPlanes has one major problem: a lack of liquidity, CEO Paul Weiss told Benzinga's Market Spotlight: California conference Thursday.  "Liquidity is the key and there's very little in the system right now," he said.  As a smaller producer...

In a recent episode of Benzinga's Cannabis Insider, a renowned platform for insights on the cannabis industry, co-hosts Javier Hasse and Elliot Lane had an enlightening conversation with Patrick Rea of Poseidon Investment Management. Poseidon is a key player in the cannabis sector, committed to...

Benzinga's Cannabis Insider is back with another exciting episode, this time featuring an exclusive interview with Patrick Rea, the Managing Director of Poseidon Garden Ventures. The venture capital firm is known for investing in early-stage cannabis companies and has made a significant impact...

Amid Russia's unprecedented war in Ukraine, the state-owned media has reported that President Vladimir Putin's "low noise," "high maneuverability," and "practically indestructible" nuclear warheads are ready. What Happened: Russian state-owned TASS, on Monday, citing an unidentified defense source...

In the days leading up to the recent bear market entry, cannabis insiders provided Benzinga with varied opinions regarding the impact of inflation on the cannabis sector. As fears of skyrocketing inflation fueled the bear market, some remained optimistic about cannabis, even confident in...

Flowhub, the retail point-of-sale platform for cannabis dispensaries announced on Tuesday the closing of $19 million in strategic funding, bringing the total amount of capital raised to nearly $50 million with a valuation of over $200 million. The financing, led by venture firms...

C15 Solutions, a global quality management solutions provider for the cannabis sector and a technology partner of Veeva Systems Inc (NYSE: VEEV), has completed a Class A preferred share equity financing with Poseidon Investment Management. Terms of the deal were not disclosed. With the funding, C15...

Poseidon, one of the longest-running dedicated cannabis investment funds, recently launched the Poseidon Garden Fund in partnership with CanopyBoulder founder Patrick Rea and former CanopyBoulder director of operations, Celia Daly. The $50 million fund will invest in roughly 20 companies across all...

The cannabis sector has yet to completely shed its reputation of being part of the "wild, wild west," but much has changed, T3 Ventures President Tahira Rehmatullah said Thursday during Benzinga's virtual Cannabis Capital Conference.  Cannabis operators with plenty of...

By Andres Navia, portfolio manager at Poseidon. Our Portfolio Manager Andres Navia is at it again! This time he really digs in on preferred stock term sheets. There are many aspects to these term sheets that are critical for founders and investors to understand in all areas from cap table...

And why we believe Cannabis is the Greatest GAARP (Growth at a Reasonable Price) Story of a Generation. by Morgan Paxhia, co-founder of Poseidon. As investors in cannabis for the last 8 years, we have managed through more than most could fathom in a lifetime. We had one of the most...