Industry | Private equity firm |
---|---|
Founded | October 20, 2011 |
Founders | Brendan Kennedy Michael Blue Christian Groh |
Headquarters | , |
Website | privateerholdings |
Privateer Holdings is an American private equity company that invests in the legal cannabis industry. [1] [2] It is headquartered in Seattle, Washington and employs more than 350 people in seven countries. [3]
Privateer Holdings secured the first institutional investor to enter the cannabis industry, Founders Fund. [4] In 2019, Privateer Holdings was merged with Tilray. [5] [6]
This section needs to be updated.(September 2024) |
The company was founded by Brendan Kennedy, Michael Blue, and Chris Groh on October 20, 2011. [6]
Privateer Holdings portfolio companies include: Leafly, Tilray, and Marley Natural, a partnership with the Bob Marley estate launching a line of cannabis-focused goods. [7]
Privateer Holdings acquired Leafly in 2011. In 2014, Leafly became the first cannabis company to place an advertisement in the New York Times. [8]
Privateer owns 76 percent of Tilray Inc., [9] a company federally licensed by the Government of Canada to produce, process, package and distribute medical cannabis. The company operates a 60,000 sq. ft medical cannabis research and production facility in Nanaimo, British Columbia. As of 2016 [update] , Tilray supplied pharmaceutical-grade medical cannabis products and had raised $122 million. [10] . Tilray's primary market is Canada, where it serves more than 20,000 patients, but the company also exports medical cannabis products to other countries. Tilray was the first company to legally export medical cannabis products from North America to Australia, Brazil, Chile, the European Union, and New Zealand. [11] [12] [13] [14]
Tilray became the first medical cannabis producer in North America to be GMP certified in December 2016. [15] GMP certification is the most rigorous standard that manufacturers of medical products must meet in their production processes. GMP certification allows Tilray to create products for clinical research. As of 2016 [update] , Tilray supplies pharmaceutical-grade medical cannabis products for three different clinical trials in partnership with hospitals and universities in Canada and Australia.[ citation needed ]
In November 2014, Privateer Holdings and Bob Marley's daughter Cedella launched the cannabis brand Marley Natural developed by the Marley family in conjunction with Privateer. [16] Marley Natural launched its inaugural collection of cannabis products, body care, and smoking accessories in Los Angeles, California in February 2016. [17] As of April 2017 [update] , the brand sells cannabis in California, Oregon, and Washington. [18]
Dronabinol, sold under the brand names Marinol and Syndros, is the generic name for the molecule of delta-9-tetrahydrocannabinol (THC) in the pharmaceutical context. It has indications as an appetite stimulant, antiemetic, and sleep apnea reliever and is approved by the U.S. FDA as safe and effective for HIV/AIDS-induced anorexia and chemotherapy-induced nausea and vomiting.
Malawian cannabis, particularly the strain known as Malawi Gold, is internationally renowned as one of the finest sativa strains from Africa. According to a World Bank report it is among "the best and finest" marijuana strains in the world, generally regarded as one of the most potent psychoactive pure African sativas. The popularity of this variety has led to such a profound increase in marijuana tourism and economic profit in Malawi that Malawi Gold is listed as one of the three "Big C's" in Malawian exports: chambo, chombe (tea), and chamba (cannabis).
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 publicly traded company with 160 employees.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Marley Natural is the official cannabis brand of Bob Marley, developed by his estate in conjunction with the private equity firm Privateer Holdings, which develops cannabis industry brands. The brand is based in Seattle, Washington.
Willie's Reserve is a company started by singer-songwriter Willie Nelson in 2015. Nelson, a longtime supporter of marijuana legalization announced the launch of chain stores of the brand after marijuana was legalized in different states. The first stores were planned to be opened in the states where cannabis was legalized in 2016, with an expansion planned as other states follow.
Wikileaf Technologies is a Seattle business providing data services to the cannabis industry and information to consumers. The company provides price indexes and cannabis strain reviews and information.
The possession, use, and distribution of cannabis without a license in the State of Israel are violations under the Dangerous Drugs Ordinance. A decade ago, despite these regulations, enforcement was relatively lax, partially influenced by a political movement advocating tolerance. Over the years, the enforcement approach has progressively become more lenient. As of 2021, cannabis use has been fully decriminalized, with it being treated as an administrative infraction primarily when used in highly visible public places. There is a possibility that cannabis may be legalized for recreational use by adults aged 21 and older in the future, with regulations akin to those for alcohol. Public and cross-party political support for the complete decriminalization of cannabis increased in the 2010s with increasing usage for both medical and recreational purposes, and the establishment of a political party primarily devoted to this cause; on July 19, 2018, the Knesset approved a bill for decriminalization, although the supporters of recreational cannabis use insisted that this did not represent complete decriminalization. The law came into effect on April 1, 2019. On June 25, 2020, further legislation designed to decriminalize possession of up to 50 grams of cannabis began its passage through the Knesset.
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. Canada became the first country to legalize private sales of recreational marijuana with Bill C-45 in 2018.
Leafs By Snoop is a cannabis brand owned and promoted by the rapper Snoop Dogg and produced by Canopy Growth Corporation.
Aphria Inc., headquartered in Leamington, Ontario, was an international producer and distributor of medicinal and recreational cannabis. The company operated through retail and wholesale channels in Canada and internationally.
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 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. 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.
Brendan Kennedy 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.
Global X Investments Canada Inc. is a financial services company that offers exchange-traded funds. On May 1, 2024, the company changed its name from Horizons ETFs to Global X Investments Canada Inc. In April 2017, Global X began offering the first cannabis industry focused exchange-traded fund (ETF), Global X Marijuana Life Sciences Index ETF. The company is also the fourth-largest ETF provider in Canada, with more than CAD$30 billion in assets as of April 2023.
Curaleaf Holdings, Inc. is an American cannabis company publicly traded on the Canadian stock exchange. The company is headquartered in New York City. Founded in 2010, it produces and distributes cannabis products in North America, operating dispensaries in 19 states. The company is headquartered in New York City, and is the world's largest cannabis company by revenue.
Neptune Wellness Solutions, Inc. is a diversified wellness company that provides nutraceuticals, organic food and beverages, and consumer packaged goods to retail and business customers. Originally known for Antarctic krill oil production, the company previously operated an industrial-scale licensed cannabis processing plant in Quebec, CA, and a hemp processing facility in North Carolina in the U.S. until selling the cannabis business in 2022.
Panaxia Pharmaceutical Industries Ltd. is a global company headquartered in Israel, that develops, manufactures and markets medical cannabis-based products in pharmaceutical quality. The company has commercial activity in Germany, France, Cyprus and Malta.