Poseidon Asset Management

Emily Paxhia, a co-founder of what is thought to be the longest-running cannabis investment fund, Poseidon Asset Management, had the courage to take a chance on a new industry when she decided to pursue a career in cannabis.  In the six years since its inception, Poseidon Asset Management has...

The capital and public markets for the burgeoning cannabis industry have hit a lull as of late, but it won’t be long until they’re red-hot once again. That was the opinion of four marijuana investment experts at Benzinga's Cannabis Capital Conference on Tuesday in Chicago...

PitchBook, a financial database and information platform on private equity, has released its list of the top venture capital firms investing in cannabis in 2019.  Last year set a $1.2-billion record for venture capital investments in cannabis. That amount has already been surpassed by $500...

Confident Cannabis, a cannabis wholesale platform powered by verified lab data, raised $12 million in Series A funding to accelerate growth and expand into new markets. What Happened The round was led by San Francisco-based Poseidon Asset Management, one of the leading cannabis-focused funds. Other...

The U.S. CBD market could grow to $16 billion in size by 2025, according to Cowen. While the market becomes familiar with CBD, an increase in higher potency cultivars has become a subject of interest in the space. More potent CBD is used by many people — namely those seeking a stronger dose...

Boston-based, multistate cannabis operator Ascend Wellness Holdings last week closed a $55-million funding round to both continue to expand the company's Massachusetts operations and expand into Ohio, a state that launched its medical cannabis program last month. The funding round...

Wurk, a human capital management company for the cannabis industry, said Tuesday that it secured $11 million in a funding round. The company plans to use the capital on its expansion strategy. What Happened The funding round was led by returning investors Poseidon Asset Management and Arcadian Fund...

Not long ago, the cannabis industry could take pride in the higher-than-usual percentage of C-suite positions occupied by women, with roughly 1-in-3 of these posts held by a woman. This number plummeted in just a couple of years, however, dropping from 36 percent in 2015 to 27 percent in 2017...

Earlier this week, cannabis accessories and lifestyle brand Hemper announced the closing of a $10-million Series A financing round that follows a $1-million seed round completed over the summer.  The proceeds will be used to support growth and build out a national online cannabis...

Athletes For CARE — community, advocacy, research and education — is an organization that includes more than 70 professional athletes from various sports, aims to involve its members in studies analyzing how cannabinoids could treat neurodegenerative diseases such as...

A four-day week shortened by Labor Day still brought substantial news in the cannabis sector.  “Even though this week was a shortened trading week, there were still lots of financial deals happening. Cronos Group agreed to a partnership with Gingko Bioworks that could be worth $122...

AxisWire, a Cannabis-focused PR tech-suite provider, and Green Market Report on Monday issued their 2018 Cannabis Trend Report, highlighting the most relevant tendencies in the marijuana industry. This year has seen major news items in the sector, ranging from the FDA’s approval of GW...

A shortened week brought less cannabis news than usual, providing the people in the industry with a chance to exhale and look back at the convoluted weeks leading up to the Fourth of July holiday.  We did witness some relevant action. Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE) reported...

A few weeks ago, Benzinga had the chance to visit the offices of Poseidon Asset Management, a San Francisco-based cannabis-focused long/short hedge fund with more than $40 million in assets under management. Co-founder and managing partner Emily Paxhia mentioned and her brother and partner...

It's not unusual to hear people say public relations firms have no real purpose. “They charge me to get me press coverage, which is ultimately free,” a mid-cap CEO told Benzinga in a recent event in New York. He had a point. The thing is, his understanding of what PR firms do was...