Friday, April 23, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA
Trade News Today
Advertisement
  • Home
  • Trade News
    • All
    • Business
    • Cryptocurrency
    • Dow Jones
    Champignon Brands Announces Revocation of Cease Trade Orders

    Champignon Brands Announces Revocation of Cease Trade Orders

    Oregon woman develops rare blood clot, dies after receiving Johnson & Johnson

    Oregon woman develops rare blood clot, dies after receiving Johnson & Johnson

    Bitcoin Price Decline Deepens, Heads for Worst Week Since February

    Bitcoin Price Decline Deepens, Heads for Worst Week Since February

    Uber Eats Reunites ‘Wayne’s World’ for a Super Bowl Ad

    Top Glove Reduces Size of Its Equity Raising in Hong Kong

    AllianceBernstein executes landmark corporate bond trade utilising Broadridge’s

    AllianceBernstein executes landmark corporate bond trade utilising Broadridge’s

    EU preparing legal case against AstraZeneca over vaccine shortfalls – sources

    EU preparing legal case against AstraZeneca over vaccine shortfalls – sources

    Everything We Want Costs Energy, Including Bitcoin

    Everything We Want Costs Energy, Including Bitcoin

    Uber Eats Reunites ‘Wayne’s World’ for a Super Bowl Ad

    Dow Down Over 5%, on Track for Largest Percent Decrease Since June 2020 — Data

    How It Works: Trade-In Assistance Cash Incentives

    How It Works: Trade-In Assistance Cash Incentives

    • Business
    • Dow Jones
    • Cryptocurrency
  • Investing
    • All
    • Automobiles
    • Diamonds
    • Gold
    • Oil & Gas
    • Real Estate
    Fears of Biden’s capital gains tax are discounting stocks

    Fears of Biden’s capital gains tax are discounting stocks

    As At-Home Coronavirus Tests Hit Pharmacies, What Role Can They Play In The

    As At-Home Coronavirus Tests Hit Pharmacies, What Role Can They Play In The

    Should I buy Anglo American shares?

    Should I buy Anglo American shares?

    India’s Covid Crisis Saps Fuel Demand in Warning to Oil Recovery

    India’s Covid Crisis Saps Fuel Demand in Warning to Oil Recovery

    Multiple 30-Story Towers In SoMa Are Set to Bring Almost 1,400 New Residential

    Multiple 30-Story Towers In SoMa Are Set to Bring Almost 1,400 New Residential

    Too much or too little?

    Too much or too little?

    Goldman Sachs says S&P 500 returns may tumble as U.S. economic growth peaks. Buy

    Goldman Sachs says S&P 500 returns may tumble as U.S. economic growth peaks. Buy

    Gold Continues to Rebound, Despite Hawkish Powell’s Letter

    Gold Continues to Rebound, Despite Hawkish Powell’s Letter

    UK Stocks-Factors to watch on April 20

    • Real Estate
    • Diamonds
    • Gold
    • Oil & Gas
    • Automobiles
  • Forex Analytics
    • All
    • Central Bank Views
    • Market Overviews
    Credit Suisse Group AG (CS) Q1 2021 Earnings Call Transcript

    Credit Suisse Group AG (CS) Q1 2021 Earnings Call Transcript

    Update: Pico Named “Best Company” in the 2021 Markets Choice Awards

    Update: Pico Named “Best Company” in the 2021 Markets Choice Awards

    ECB Expects Growth to Resume in 2Q21. Yet, PEPP Tapering is Still Premature

    ECB Expects Growth to Resume in 2Q21. Yet, PEPP Tapering is Still Premature

    The stock market loves Joe Biden – at least for now

    The stock market loves Joe Biden – at least for now

    AutoScheduler.ai Wins Inbound Logistics Top 100 Logistics IT Provider Award

    AutoScheduler.ai Wins Inbound Logistics Top 100 Logistics IT Provider Award

    BOC Tapers QE Program and Delivers Upbeat Economic Outlook

    BOC Tapers QE Program and Delivers Upbeat Economic Outlook

    5 Steps for a Good Product Marketing Release in 2021

    5 Steps for a Good Product Marketing Release in 2021

    Enginuity Power Systems Adds Dr. Datta Godbole to Board of Directors

    Enginuity Power Systems Adds Dr. Datta Godbole to Board of Directors

    Monetary policy frameworks and central bank market operations

    foundational principles and core features

    • Central Bank Views
    • Market Overviews
  • Politics
  • Business
  • Markets
  • Retail
  • Personal Finance
Trade News Today
No Result
View All Result
Home Investing Diamonds

Investing In Cannabis: The State Of Affairs, August 2020

August 27, 2020
in Diamonds
4 min read
Investing In Cannabis: The State Of Affairs, August 2020
Share on FacebookShare on Twitter


This article was originally published on Hoban Law Group, and appears here with permission.

It’s now August 2020, and I believe most of us thought we’d be over the hump with the COVID-19 pandemic.  Well, it certainly appears that the virus will remain a challenge for many months to come and a continued force on the broader economy and the cannabis industry.  That said, the cannabis industry is booming, which continues to provide opportunities for those who are looking to invest in it.

As I last reported, there are still plenty of “diamonds in the weeds” when it comes to investing in the cannabis space, and I don’t expect that to end anytime soon based on market trends and deals that are getting executed.  In fact, I expect it to continue to improve.  Here are some highlights on general market trends and key deals that give me confidence about where things are headed for investment in the cannabis industry.

2020 Cannabis Trends

The projected trends for 2020 are playing out as expected for many parts of the cannabis industry despite COVID.  Sales of cannabis-related products keep setting records in multiple states.  In Colorado, for example, sales are at an all-time high (pun intended).  Sales of cannabis products in Illinois are unprecedented.  In Oklahoma, the same.  Pennsylvania too.  Oregon as well.  Even in California, where many folks were predicting a meltdown due to many issues (a story for another time), cannabis sales are setting records.  … You get the point.  Also, adult use of marijuana, in general, is up (1 in 4 adults used marijuana in the past year) and perceptions of the cannabis industry are trending positive.  Where there is customer demand and positive trends, there is opportunity throughout the entire supply chain, both plant-touching and ancillary.

Cannabis Mergers and Acquisitions

M&A activity is rebounding as well, and deal sizes are getting larger.  Note the recent acquisition of Vireo Health International’s cultivation and processing operations in Pennsylvania by multistate marijuana operator Jushi Holdings for $37 million.  There are many other examples as well and the projected trends on the M&A front are very positive.

Cannabis Venture Capital

Venture capital deals are on the rise as well.  A recent notable transaction was the closing of an $11.5 million Series B financing of springbig, a leading provider in cannabis CRM and loyalty marketing technology, which included an investment by one of our closest strategic investment partners and a client of Hoban (and for whom I’m an advisor), KEY Investment Partners.  The round was led by TVC Capital, a software-focused growth equity fund.  Other investors included Argonautic Ventures, HALLEY Venture Partners, and Salex Capital.  Note to self – VCs are playing in the space and are deploying capital.  And it’s clear that investors are focused both on technology, distribution, and brands in addition to plant-touching opportunities.

Cannabis Investments

And also remarkable is the rise in new investment funds being formed in the space.  Here at Hoban, we’re working on a number of investment funds ranging up to $100 million that are planning to deploy capital in the very near-term.  One in particular is based on social-equity initiatives.  Others are focused on traditional debt and/or venture-style equity investments.  Other funds are raising money as well, which only means more capital to be deployed into the industry.

Despite the “new normal” that we’re all adjusting to, the future remains bright for the cannabis industry.  In my earlier article, I advocated that there are “diamonds in the weeds” for investors that know what to look for and how to navigate the space.  At the risk of repeating myself, and perhaps even doubling down, it turns out that the diamonds are real and the predicted trends are playing out.

Read the original Article on Hoban Law Group.

Benzinga‘s Related Links: 

photo via unsplash

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



Read More: Investing In Cannabis: The State Of Affairs, August 2020

Tags: AffairsAugustCannabisinvestingState
Previous Post

Russian Diamond Giant Follows De Beers With Price Cuts By Bloomberg

Next Post

Meet 2021 NFL Draft Prospect AJ Farris, OL, Monmouth University

Related Posts

Should I buy Anglo American shares?

Should I buy Anglo American shares?

by Trade News
April 23, 2021
0

I’ve been busy this week. I have already dealt with Open Orphan, one of my portfolio holdings, and its plans...

UK Stocks-Factors to watch on April 20

by Trade News
April 22, 2021
0

April 20 (Reuters) - Britain's FTSE 100 index is seen opening 15 points lower at 7,005 on Tuesday, according...

Building the Social Justice Architecture for Impact Investing – Non Profit News

Building the Social Justice Architecture for Impact Investing – Non Profit News

by Trade News
April 22, 2021
0

“Ladder of Participation (Arnstein, 1969).” Drawn by Juliet Young. Image: Tim BonnemannLast December, NPQ senior editor Steve Dubb asked...

CanAlaska Announces Second & Final Tranche Closing of $3,000,000 Private

CanAlaska Completes Initial Drilling at Waterbury

by Trade News
April 21, 2021
0

First holes contain encouraging fault structures and alteration Thick graphitic basement package intersectedCanAlaska Uranium Ltd. has curtailed winter drilling...

White Diamond’s Short Bet Against Intrusion

White Diamond’s Short Bet Against Intrusion

by Trade News
April 21, 2021
0

<a href="https://pixabay.com/users/stevepb/">stevepb</a> / Pixabay What’s New In Activism Kohl’s Corporation (NYSE:KSS) averted a showdown with a four-member activist group...

Next Post
Meet 2021 NFL Draft Prospect AJ Farris, OL, Monmouth University

Meet 2021 NFL Draft Prospect AJ Farris, OL, Monmouth University

0 0 vote
Article Rating
Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Today Trend News

Uber Eats Reunites ‘Wayne’s World’ for a Super Bowl Ad

GOP Puts Minimum Wage, School Reopenings in Covid-19 Aid Spotlight — 3rd Update

February 5, 2021
Webinar: How Small and Mid-sized Businesses Overcome Automation Barriers by

Webinar: How Small and Mid-sized Businesses Overcome Automation Barriers by

February 25, 2021
Uber Eats Reunites ‘Wayne’s World’ for a Super Bowl Ad

PayPal Stock Surge Triggers $31.3 Million Payout to CEO Dan Schulman

April 3, 2021
FOMC Minutes Revealed Rigorous Debate over Alternative Monetary Policy Tools

FOMC Minutes Revealed Rigorous Debate over Alternative Monetary Policy Tools

August 28, 2020
Endurance Gold (TSXV:EDG) Investor Overview

Endurance Gold (TSXV:EDG) Investor Overview

April 19, 2021
Sentient Energy® Acquires Key Assets of Varentec® to Give Utilities

Sentient Energy® Acquires Key Assets of Varentec® to Give Utilities

February 23, 2021
Juyeol Lee: New Year Speech

Global financial system and exchange rates

March 2, 2021
Goldman Sachs Predicts ‘Big Evolution’ Coming to Cryptocurrency Regulation –

Goldman Sachs Predicts ‘Big Evolution’ Coming to Cryptocurrency Regulation –

April 11, 2021

Don't miss it

Credit Suisse Group AG (CS) Q1 2021 Earnings Call Transcript
Market Overviews

Credit Suisse Group AG (CS) Q1 2021 Earnings Call Transcript

April 23, 2021
Andrew Yang, running for NYC mayor, loses endorsement of LGBTQ group over
Politics

Andrew Yang, running for NYC mayor, loses endorsement of LGBTQ group over

April 23, 2021
Stocks Fall After News of Biden Tax Plan: Live Updates
Markets

Stocks Fall After News of Biden Tax Plan: Live Updates

April 23, 2021
Kendra Scott CEO on Retail Changes – WWD
Retail

Kendra Scott CEO on Retail Changes – WWD

April 23, 2021
China’s Wuling Hongguang Mini EV launches Cabrio electric convertible
Business

China’s Wuling Hongguang Mini EV launches Cabrio electric convertible

April 23, 2021
Covid-19’s Personal Finance Toll On Older Entrepreneurs
Personal Finance

Covid-19’s Personal Finance Toll On Older Entrepreneurs

April 23, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 NewsForTrade.com

No Result
View All Result
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 NewsForTrade.com

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply