Green Acre Capital Announces Successful Closing of $25 Million Fund I
28 September 2017 - 3:09PM
Green Acre Capital (“GAC”) is pleased to announce the final close
of Green Acre Capital Fund I, having raised approximately $25
million to invest in the legal cannabis industry. It is anticipated
that total GAC managed investment may far exceed this figure, based
on the appetite for co-investment from fund investors. The fund is
focused on investing in Canadian growth-stage ancillary cannabis
companies.
The majority of the fund was raised from Canadian high net worth
investors, with lead commitments from York Plains Investment Corp.,
W. Brett Wilson, and Aphria Inc. (TSX:APH) (OTCQB:APHQF). The GAC
team is led by Managing Directors, Matt Shalhoub and Tyler Stuart,
and a board of advisors that includes Shawn Dym, W. Brett Wilson,
Vic Neufeld, and Lorne Gertner.
“We are pleased to be closing this fund having exceeded our
initial fundraising target,” says Stuart. “In this time of
unprecedented growth for the industry, we are well positioned to
add to our ecosystem of cannabis investments”.
“Many entrepreneurs in this industry need more than just
capital, and we plan to fill that void for our investee companies,”
says Shalhoub. “Having our fundraising behind us will allow us to
dedicate all of our time and attention to finding and supporting
great companies and talented entrepreneurs”.
About Green Acre Capital
Green Acre Capital is a private investment fund focused on the
Canadian medical and recreational cannabis industry with
consideration for international opportunities. The Fund plans to
invest in multiple sectors of the cannabis value chain, and to
create an ecosystem amongst portfolio investments that will help
fuel growth and innovation.
www.greenacrecapital.ca
Contacts
Matt Shalhoubmshalhoub@greenacrecapital.ca
416-639-9690
Tyler Stuarttstuart@greenacrecapital.ca403-705-7730