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.
Cheddar spoke to Twitter's head of global operations and emerging businesses Yannis Dosios after the social media platform shared strong earnings with the number of monetizable daily active users going up.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
The Department of Justice has required that Sprint divest its prepaid division to Dish in a move worth about $1.4 billion. Sprint and T-Mobile must also make 200,000 cell sites available to that provider as well.
Digital health company Livongo had a successful public debut Thursday on the Nasdaq. It's the latest in a wave of digital health companies entering the public markets. Hemant Taneja, managing director at General Catalyst, joins Cheddar to discuss.
Shares of CannTrust surged 15 percent on Friday after the Canadian cannabis company announced it terminated CEO Peter Aceto in the midst of regulatory drama that has plundered the company's stock value. Jefferies' analyst Ryan Tomkins predicted the management shuffle in a Wednesday note, which called management's positions "untenable."
These are the headlines you Need 2 Know for Friday, July 26, 2019.
E-commerce giant Amazon reported earnings per share of $5.22 on revenue of $63.4 billion. Analysts surveyed by Thomson Reuters had expected EPS of $5.57 on revenue of $62.48 billion.
Smart glass, which comes with its own IP address, is being installed in office buildings around the country. Rao Mulpuri, CEO of View, which makes smart glass, joined Cheddar to discuss how his company’s windows can actually improve worker productivity.
Amid ongoing resistance from employees about Microsoft’s contracts with the U.S. military, CEO Satya Nadella issued a broad defense this week of the company’s work with the U.S government and said America’s democratic process serves as a key check on the deployment of new technology.
These are the headlines you Need 2 Know for Thursday, July 25, 2019.
