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2.18 MB
Extraction Summary
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People
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Organizations
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Quotes
Document Information
Type:
Investment report / executive summary
File Size:
2.18 MB
Summary
This document is page 13 of an Executive Summary from a 2017 Ackrell Capital investment report regarding the cannabis industry. It discusses the increase in strategic investor activity, citing investments by Constellation Brands and Scotts Miracle-Gro, while noting a continuing funding gap due to a lack of institutional support. The document outlines the investment outlook, noting that while billions were raised in 2017, most companies are in early development stages with revenues under $5 million. The document bears a 'HOUSE_OVERSIGHT_024649' stamp, suggesting it is part of a larger document production to the House Oversight Committee.
Organizations (8)
Locations (1)
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Relationships (2)
spent more than $400 million to acquire soil, fertilizer, hydroponic equipment and lighting companies that supply the cannabis industry
Constellation Brands’ investment in Canopy Growth
Key Quotes (3)
"We share the belief held by many that, ultimately, established companies from analogous industries—alcohol, pharmaceutical, tobacco and consumer products—will enter the cannabis industry through minority investment, by acquisition or otherwise."Source
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Quote #1
"Cannabis-related companies raised more than $2.0 billion in the public and private markets in 2017, but many of the financings were small—less than $5 million."Source
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Quote #2
"More than 85% of publicly traded cannabis-related companies have annual revenue less than $5 million, and less than 5% have annual revenue greater than $25 million."Source
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Quote #3
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