GrassRoots, a fully-licensed, vertically-integrated multi-state cannabis company active in cultivation, extraction, manufacturing, branding, and retailing.Front Range Bio, an agricultural biotech company that specializes in tissue culture propagation of high value crops at industrial scale to improve reliability, efficiency, and safety.Flowhub, a leading seed-to-sale compliance and robust point-of-sale SaaS platform in partnership with Hewlett Packard.Enlighten, the leading in-dispensary digital marketing platform.C4 Distro, a leader in the California cannabis distribution market that provides quality distribution services to California’s extremely fragmented market of suppliers and retailers.Canndescent, a leading California ultra-premium brand with world class management and best practices from consumer-packaged goods, advanced agriculture, and luxury lifestyle marketing.BDS Analytics, the leader in cannabis business intelligence.A larger capital base in Fund II will ideally position Altitude to take advantage of these opportunities.”įund I’s portfolio consists of some of the leading firms spanning the North American cannabis industry with concentrations in plant-touching operators/brands/distribution and non-plant-touching companies providing compliance, advertising/marketing, ag-tech and data solutions including: In addition, increasing competition will create the need for consolidation, merger and acquisition and distressed investment opportunities. Partner Michael Goldberg goes on to say, “As the cannabis industry matures, more companies will require significant growth capital to fund product, service and geographic expansion. Altitude seeks to raise in excess of $100 million for Fund II.
Fund II will continue Altitude’s focus on the ever-expanding growth opportunities within the global cannabis market with investments in companies that touch the plant as well as ancillary businesses supporting the industry. John Brecker, PartnerĪs Fund I continues to deploy its capital throughout 2019, Altitude will be launching Fund II in Q1 2019. At Altitude, we believe in the long-term growth of the industry––our portfolio strategy rests on this premise and we are confident that the evolution of the legalized industry will continue to provide compelling global investment opportunities. Over the past year we have watched the global legal cannabis market grow, change, and begin to mature.
Collectively, the partners have over 100 years of fund investment management experience and have managed investor capital in the alternative asset management space for the majority of their careers. Altitude is led by John Brecker, Jon Trauben, Michael Goldberg, and Roderick Stephan.
Fund I commenced Maand is currently invested in 16 companies which emphasize the fund’s focus on investing in a diverse range of early-stage to growth companies supporting the fast-growing legal global cannabis industry. NEW YORK––(November 27, 2018) Altitude Investment Management, LLC (“Altitude”) announced today that it will close Fund I on Novemwith $30 million raised. NYC Based Cannabis Investment Firm Successful Fund I Raise, looks to Fund II Altitude Investment Management Closes Cannabis Fund I at $30M
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