Green Acre Capital Fund to Invest Exclusively in the Legal Cannabis Industry
TORONTO, Jan. 9, 2017 /CNW/ - Green Acre Capital ("GAC") is pleased to announce the launch of the Green Acre Capital Fund ("the Fund") which is exclusively dedicated to making investments in the legal cannabis industry in Canada, the U.S. and Internationally. GAC was founded by a team of entrepreneurs with a strong track record of early success investing in the cannabis industry in Canada. The team is led by Managing Directors, Matt Shalhoub and Tyler Stuart. The board of advisors includes Shawn Dym, Managing Director of York Plains Investment Corp., Lorne Gertner, co-Founder of Tokyo Smoke and Vic Neufeld, CEO & Chairman of Aphria.
GAC has received lead investment commitments from York Plains Investment Corp. and Aphria Inc. (TSX VENTURE:APH)(APHQF), and is continuing to take on new investment commitments. "The goal of the Fund is to build a diversified portfolio of the most compelling cannabis investment opportunities across numerous verticals within the industry. The focus will predominantly be on investing in private companies," said GAC Managing Director, Tyler Stuart.
Shareholders of the Fund will have the benefit of investing alongside a team with extensive operating and management experience as well as deep-rooted strategic relationships with Canadian cannabis pioneers and leaders. "The legalization of cannabis offers a rare opportunity to invest in what will quickly become a multi-billion-dollar industry, as demand shifts away from the black market," said GAC Managing Director, Matt Shalhoub. "The Fund plans to deploy capital, and leverage the experience of its leaders and advisors to help companies in the space succeed."
About Green Acre Capital
Green Acre Capital is a private investment fund focused on the Canadian medical and recreational cannabis industry with consideration for international opportunities. The Fund plans to invest in multiple sectors of the cannabis value chain, and to create an eco-system amongst portfolio investments that will help fuel growth and innovation.
SOURCE Green Acre Capital