Poseidon Asset Management

Morgan Paxhia is a visionary in the cannabis investment realm, and his journey from a traditional finance background to leading a cannabis investment firm is nothing short of fascinating. As the co-founder and managing partner of Poseidon Investment Management, he has played a crucial role in...

As the cannabis industry continues to blossom, it becomes increasingly important to spotlight those at the forefront of the green revolution. In this evolving landscape, visionaries are emerging, shaping the industry, societal perceptions and legal frameworks. Here are the stories and...

“Someone’s sitting in the shade today because someone planted a tree a long time ago.” Warren Buffett  As one of the world’s most famous and wealthy investors wisely said – it takes time and patience to appreciate the fruit of hard work. But, nothing is sweeter...

Weeks after the long-awaited marijuana decriminalization Senate bill was presented, it has faced a lot of criticism, mostly for its complexity. Many industry experts, such as Cantor Fitzgerald’s Pablo Zuanic and Emily Paxhia, co-founder of one of the longest-running...

What strategies can legal cannabis companies use to win the fight against the illicit market? That’s the question Tim Seymour, portfolio manager of the Amplify Seymour Cannabis ETF (ARCA: CNBS) asked a panel of cannabis executives at Benzinga Cannabis Capital Conference on April 20 at the...

Consolidation of the cannabis industry is inevitable as the market matures. Heading into 2022, numerous forecasts predicted another flurry of M&A activity after an energized 2021. With nearly three months of the year complete, opinions are split on M&A activity so far. M&A In 2022 Is On...

Despite projections pointing towards short-term capital market struggles fueled by stalled reform, most in the cannabis industry remain optimistic that the market and regulations will align to provide a beneficial long-term. Short-term Market and Regulatory Struggles Don’t Dampen Optimism...

Poseidon, the leading venture capital firm in the cannabis industry, announced plans to host the Poseidon GreenShoots™ Pitch Forum, a 90-minute virtual cannabis pitch forum to connect top-performing companies with accredited investors. On August 31, 2021, five cannabis...

Poseidon Asset Management Managing Director Emily Paxhia oversees three cannabis-dedicated investment funds. Since 2013, Paxhia and her brother Morgan have provided funds to leading brands, including Aphria (2014), Headset (2018) and the Ceres Acquisition Corp. (OTC: CERAF) brand Parallel...

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...

Wurk, a human capital management company for the cannabis industry, announced this week the closing of an oversubscribed $3.5 million Series AA round of financing, completed entirely by existing investors. The round was led by Wurk Investment Partnership, with participation from Poseidon Asset...

Women hold only 8% of CEO roles in the cannabis industry. That's according to the white paper from The Arcview Group's investor network and the National Cannabis Industry Association. Women like Lori Glauser, CEO and co-founder of  Evio Inc. (OTCPK:EVIO), are fighting to drive change....

Alan Brochstein, founder of 420 Investor and New Cannabis Ventures, joined Benzinga’s PreMarket Prep show Monday to discuss how the cannabis industry and its main players are navigating the looming recession. In recent weeks, some financial commentators have viewed the recent...

This year, SXSW 2020 will host a cannabis and hemp pitch contest for the first time ever. Hosted by CanopyBoulder “Cannabis Jumpstart: A Business Showcase” will feature six cannabis, hemp or CBD companies presenting their businesses live, on stage, in front of a panel of cannabis...

The trend of layoffs in the cannabis industry, which started in 2019, has done nothing but accelerate in 2020 with: Medmen Enterprises Inc (OTC: MMNFF) cutting more than 40% of its workforce; Pasha Brands reducing its team by 24%; Zenabis Global Inc (OTC: ZBISF) terminating 40 people (about 10% of...