Brendan Kennedy | |
|---|---|
 | |
| Born | 1971/1972(age 50–51) |
| Nationality | American |
| Education | |
| Known for | CEO and co-founder, Privateer Holdings CEO, Tilray |
| Children | 2 |
Brendan Kennedy (born 1971or1972) [1] is an American businessman, CEO and a co-founder of Privateer Holdings, along with Michael Blue and Christian Groh, and the former CEO of Tilray.
Kennedy is the sixth of seven children of a San Francisco family. [2]
Kennedy earned a BA in architecture from the University of California, Berkeley in 1993, [3] an MS in Engineering from the University of Washington in 1995, and an MBA from Yale University in 2005. [4] [5] [6]
Kennedy previously worked at SVB Analytics, an affiliate of Silicon Valley Bank, as did Christian Groh. [5]
Kennedy is the former CEO of Tilray. [7] In 2019, his total compensation from Tilray was $3.48 million, down from $31.82 million in 2018. [8]
According to Bloomberg L.P., as of September 2018, Kennedy has a net worth of at least US$2.4 billion. [5] Tilray stock later collapsed and as of February 2021, Kennedy is worth $238 million. [9]
Kennedy has two children, and lives in Seattle. [10] He has said that "probably the hardest thing" about becoming rich was telling his in-laws. [11] He experimented with cannabis before founding Privateer Holdings. [2]
420, 4:20 or 4/20 is cannabis culture slang for marijuana and hashish consumption, especially smoking around the time 4:20 pm (16:20). It also refers to cannabis-oriented celebrations that take place annually on April 20. At locations in the United States where cannabis is legal, cannabis dispensaries will often offer discounts on their products on April 20.
The legality of cannabis for medical and recreational use varies by country, in terms of its possession, distribution, and cultivation, and how it can be consumed and what medical conditions it can be used for. These policies in most countries are regulated by three United Nations treaties: the 1961 Single Convention on Narcotic Drugs, the 1971 Convention on Psychotropic Substances, and the 1988 Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances. Since its descheduling in 2020, cannabis is classified as a Schedule I drug under the Single Convention treaty, meaning that signatories can allow medical use but that it is considered to be an addictive drug with a serious risk of abuse.
Lawrence Joseph Ellison is an American business magnate and investor who is the co-founder, executive chairman, chief technology officer (CTO) and former chief executive officer (CEO) of the American computer technology company Oracle Corporation. As of February 1, 2023, he was listed by Bloomberg Billionaires Index as the sixth-wealthiest person in the world, with an estimated fortune of $102.6 billion. Ellison is also known for his 98% ownership stake in Lanai, the sixth-largest island in the Hawaiian Archipelago.
Cannabis in Canada is legal for both recreational and medicinal purposes. Medicinal use of cannabis was legalized nationwide under conditions outlined in the Marihuana for Medical Purposes Regulations, later superseded by the Access to Cannabis for Medical Purposes Regulations, issued by Health Canada and seed, grain, and fibre production was permitted under licence by Health Canada. The federal Cannabis Act came into effect on 17 October 2018 and made Canada the second country in the world, after Uruguay, to formally legalize the cultivation, possession, acquisition and consumption of cannabis and its by-products. Canada is the first G7 and G20 nation to do so.
In the United States, the non-medical use of cannabis is legalized in 21 states and decriminalized in 10 states, as of January 2023. Decriminalization refers to a policy of reduced penalties for cannabis offenses, typically involving a civil penalty for possessing small amounts, instead of criminal prosecution or the threat of arrest. In jurisdictions without penalty the policy is referred to as legalization, although the term decriminalization is sometimes used for this purpose as well.
Leafly is a website focused on cannabis use and education. The company says it has more than 120 million annual visitors and over 10 million monthly active users. Leafly provides a wide range of information on cannabis, including 1.5 million consumer product reviews, more than 9,000 cannabis articles and resources, and over 5,000 verified strains in its database. Leafly additionally provides 4,500+ retailers and 8,000+ cannabis brands with e-commerce tools such as digital storefronts, embedded menus, point-of-sale integrations, targeted advertising, and more. The company is headquartered in Seattle, Washington and from 2012 to 2019 was owned by Privateer Holdings, a private equity firm focused on the emerging legal cannabis industry. Leafly is now a wholly independent company with 160 employees.
Privateer Holdings is an American private equity company that invests in the legal cannabis industry. Privateer Holdings is headquartered in Seattle, Washington and employs more than 350 people in seven countries. The company is building a diversified portfolio of cannabis brands. As of November 2016, the company has raised $122 million. Privateer Holdings secured the first institutional investor to enter the cannabis industry, Founders Fund. In 2019 Privateer Holdings was merged with Tilray.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
The Donald Trump administration took positions against marijuana and against the easing of laws regarding marijuana. Although Trump indicated during his 2016 presidential campaign that he favored leaving the issue of legalization of marijuana to the states, his administration subsequently upheld the federal prohibition of cannabis, and Trump's 2021 fiscal budget proposal included removing protections for state medical marijuana laws. In 2018, the administration rescinded the 2013 Cole Memorandum, an Obama-era Justice Department policy that generally directed federal prosecutors not to pursue marijuana prosecutions in states where marijuana is legal as a matter of state law.
Lowell Herb Co is a California-based cannabis brand owned by Lowell Farms that sells packs of pre-rolled joints in varying blends, including seasonal crops.
The cannabis industry is composed of legal cultivators and producers, consumers, independent industrial standards bodies, ancillary products and services, regulators and researchers concerning cannabis and its industrial derivative, hemp. The cannabis industry has been inhibited by regulatory restrictions for most of recent history, but the legal market has emerged rapidly as more governments legalize medical and adult use. Uruguay became the first country to legalize recreational marijuana through legislation in December, 2013 Cannabis in Uruguay. Canada became the first country to legalize private sales of recreational marijuana with Bill C-45 in 2018 Cannabis in Canada.
Adam Neumann is an Israeli-American billionaire businessman and investor. In 2010, he co-founded WeWork with Miguel McKelvey, where he served as CEO from 2010 to 2019. In 2019, he co-founded a family office dubbed 166 2nd Financial Services with his wife, Rebekah Neumann, to manage their personal wealth, investing over a billion dollars in real estate and venture startups.
Aphria Inc., headquartered in Leamington, Ontario, is an international producer and distributor of medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 additional countries outside of Canada. Aphria offers multiple products under a portfolio of recreational cannabis brands, including Good Supply, B!NGO, Solei, RIFF, and Broken Coast. In November 2020, Aphria acquired SweetWater Brewing Company, one of the largest craft breweries in the USA.
Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. It trades on the Toronto Stock Exchange and Nasdaq as ACB. As of late September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries. It had a funded capacity of over 625,000 kilograms of cannabis production per annum with the bulk of capacity based in Canada and a growing presence in international markets, particularly Denmark and Latin America. Aurora is the second largest cannabis company in the world by market capitalization, after Canopy Growth Corporation. The company began trading on the NYSE on October 23, 2018 using the ticker ACB.
Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.
Christian Groh is an American businessman, and one of the co-founders of Privateer Holdings, along with Brendan Kennedy and Michael Blue.
Michael Blue is an American billionaire businessman, the managing partner and one of the co-founders of Privateer Holdings, along with Brendan Kennedy and Christian Groh.
Eric S Yuan is a Chinese-American billionaire businessman, engineer, and the chief executive officer and founder of Zoom Video Communications, of which he owns 22%.
Horizons ETFs Management (Canada) Inc. is a financial services company that offers exchange-traded funds. In April 2017, Horizons began offering the first cannabis industry focused exchange-traded fund (ETF), Horizons Marijuana Life Sciences Index ETF. The company is also the fourth-largest ETF provider in Canada, with more than CAD$14 billion in assets as of July 2020.
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