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1.68 MB
Extraction Summary
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Quotes
Document Information
Type:
Investment report / financial analysis (page 117)
File Size:
1.68 MB
Summary
This document is page 117 of a 2017 report by Ackrell Capital titled 'Chapter VII: Capital Markets for Cannabis Companies.' It acts as a market overview, detailing that while over $2 billion was raised in 2017, the sector is dominated by retail investors rather than institutional capital due to legal and maturity issues. The report notes that the majority of companies are early-stage with revenues under $5 million. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating its inclusion in a congressional investigation.
Organizations (4)
| Name | Type | Context |
|---|---|---|
| Ackrell Capital, LLC | ||
| FINRA | ||
| SIPC | ||
| House Oversight Committee |
Locations (1)
| Location | Context |
|---|---|
Key Quotes (4)
"Most investors in the cannabis industry today are retail or individual investors."Source
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Quote #1
"Cannabis-related companies raised more than $2.0 billion in the public and private markets in 2017"Source
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Quote #2
"More than 85% of the publicly traded cannabis-related companies have annual revenue of less than $5 million, and less than 5% have annual revenue greater than $25 million."Source
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Quote #3
"Without traditional institutional investor support, a funding gap exists in the industry"Source
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Quote #4
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