Privateer Holdings Raises $100 Million to Increase its Investment in Cannabis
Private equity firm Privateer Holdings is looking to pioneer the future of the legal cannabis industry. The company closed a $100 Million funding round in January to further its investment in cannabis start-ups. Privateer Holdings CEO Brendan Kennedy describes how the company is planning to use this new surge in funding.
"A lot of the opportunities that we are looking at right now are outside of the United States," says Kennedy. "We'll deploy more than half of this round outside of the U.S. where we see Canada this year legalizing Cannabis for adult use."
Four companies in Privateer Holding's portfolio include Leafly, Tilray, Marley Natural, and The Goodship.
Fintech company CurrencyWorks partnered with Enderby Entertainment on a new platform called Vuele featuring the actor Anthony Hopkins in a film called “Zero Contact.” But it won't be coming to theaters or streaming — it's an NFT. Cameron Chell, founder and chairman of CurrencyWorks and co-head of Vuele, joined Cheddar’s Closing Bell to provide some insight into how it all works. Chell described Vuele as the first-ever direct-to-consumer film viewing platform that incorporates NFT tech making the movie a digital collectible, not for mass-market viewing.
