Cannabis PE Firm Merida Capital Partners Exceeds $50 Million In Assets Under Management

“Merida continues to see an acceleration of institutional interest in our core strategy,”

NEW YORK:  Merida Capital Partners, a private equity fund targeting fundamental growth drivers underpinning the rapid development of the cannabis industry, announced it has crossed $50MM in assets under management and closed transactions in nine companies in its second Fund. With the full deployment of Merida’s first tranche of Fund II and the opening of the firm’s Read the full article…

Medical Marijuana Rush Targets Lower Hudson Valley

Health care leaders and entrepreneurs are competing for five licenses to grow and sell medical marijuana in New York as patients seek improved access to the drug.

NEW YORK:  A $10 million construction project tied to selling medical marijuana to Lower Hudson Valley patients is unfolding about 60 miles northwest of White Plains. Valley Agriceuticals, a company started by a team of health care and cannabis industry leaders, wants to build a marijuana grow facility in Wallkill, a farming community of about Read the full article…