Flush with fresh funding, Privateer looks to expand overseas footprint
By Omar Sacirbey
Privateer Holdings, a cannabis-focused private equity firm, plans to spend a significant chunk of the $122 million it has raised over the past year on expanding its international holdings and footprint through acquisitions, exports, additional hires and new ventures, CEO Brendan Kennedy said.
Earlier this month the Seattle firm – which owns three companies – completed a $40 million round of fundraising. It’s the first marijuana-centric investment company to raise more than $100 million, a sign that deep-pocketed investors increasingly are warming up to the cannabis industry as more states legalize recreational and medical MJ.