What stage investor are you?
- We're stage-agnostic, industry-focused private equity investors.
What do you look for in investments?
- Motivated, competitive teams managed by good people.
- Ability to clearly communicate ROI to customers and investors.
- Sticky and deep relationships.
- Culture of continuous improvement and capital efficiency.
Do you lead deals?
- Yes, and we co-invest or follow.
What is your typical check size?
- We typically invest through multiple rounds, with initial checks typically $1mm - $5mm.
How do you support your founders other than investment?
- Insights sourced from our internal data platform, our team, and our network.
- Talent acquisition and incentive alignment, especially technical talent, through our active involvement in tech and data communities inside and outside of the industry.
- Content production and distribution via high-impact channels like the Delta Dispatch and CannaDataCon.
- Technology stack advice for operators and service providers.
- Strategic decisions, especially partnerships, data agreements, and acquisitions.
Where do you get the data?
- Paid sources, public sources, and our own internal data gathering tools.
What is your diligence process like?
- Our process has four primary modules: strategy, sales, financials, and technology. We often start with business strategy, and tailor the process depending on the opportunity.
What is your industry focus?
- We've primarily invested in technology that improves the cannabis ecosystem, yet our portfolio spans the entire value chain, including retail, production, brands, distribution, services, and intellectual property.
What is your geographic focus?
- We're primarily focused on North America and our return thresholds tend to be higher for non-U.S. opportunities.