Privateer raises $58 million to boost marijuana expansion

Marijuana-centric private equity company Privateer Holdings – coming off a $122 million funding year – has increased its coffers with a significant raise of $58 million. The Seattle-based company’s recent Series B raise is a combination of equity and a convertible note, GeekWire reported. In 2016, Privateer became the first marijuana company to raise more than $100 million, and its latest funding¬†brings the seven-year-old firm’s total to¬†$180 million. Privateer owns U.S. cannabis companies Leafly and Marley Natural as well as Canadian medical marijuana licensed producer Tilray. Tilray recently said it will ... Privateer raises $58 million to boost marijuana expansion is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs