InvestorsHub Logo
Followers 0
Posts 878
Boards Moderated 0
Alias Born 10/22/2015

Re: None

Friday, 11/11/2016 7:14:15 AM

Friday, November 11, 2016 7:14:15 AM

Post# of 82739
BUY EARLY IN MY OPINION! HUGE NEWS RELEASED!!!!!!BOOOYAAA Peter Thiel to join the Trump transition team... People who sold yesterday are going to be extremely angry they did!

TRUMP IS BRINGING ON BILLIONAIRE CANNABIS INVESTOR AND GETTING RID OF THAT PIG CHRISTIE! He's doing this because he knows 60% of the US Supports Cannabis and needs someone who understands how to legalize it nationally and to help develop infrastructure to support Marijuana!

Billionaire venture capitalist Peter Thiel is said to be joining President-elect Donald Trump’s transition team — and possibly leading it.

Business columnist Dan Primack reported late Thursday on LinkedIn that Thiel had agreed to join Trump’s team.

http://www.marketwatch.com/story/could-peter-thiel-lead-trumps-transition-team-2016-11-10

Paypal founder Peter Thiel becomes marijuana's first big investor
Thiel’s Founders Fund is the first institutional investor to put money into the nascent cannabis industry, which is still illegal in half the US


https://www.theguardian.com/business/2015/jan/08/cannabis-investor-peter-theil-paypal-founder


Founders Fund joins $75 million investment in cannabis company
Founders Fund, the investment firm created by Peter Thiel, has joined a $75 million funding round for Privateer Holdings. Its subsidiary, Marley Natural, sells marijuana.

http://fortune.com/2015/01/08/founders-fund-privateer-holdings/


https://www.yahoo.com/news/silicon-valley-venture-capitalist-peter-014206689.html


Peter Thiel’s Founders Fund pours funds into the company behind Leafly, an online cannabis community

http://venturebeat.com/2015/01/08/peter-thiels-founders-fund-pours-funds-into-the-company-behind-leafly-an-online-cannabis-community/

Marijuana investor Privateer raises $40 million on eve of U.S. elections
Thursday, November 03, 2016 7:41 p.m. CDT
SAN FRANCISCO (Reuters) - Marijuana private equity investor Privateer Holdings has raised $40 million in convertible debt ahead of next week's elections, with pot legalization on the ballot in nine U.S. states.

Several investors rushed to place their funds, while others held back to wait for the election results.

Of the nine states that will vote on Tuesday on legalizing medical or recreational marijuana, California ranks as the most important.

The most populous U.S. state is considering allowing recreational adult use.

If the measure passes, it is expected to legitimize part of a multi-billion-dollar black market and open new opportunities for companies ranging from software to pot delivery.

Financial services firm Cowen and Co forecasts a $50 billion U.S. market in a decade, up from $6 billion in legal sales today.

U.S. law prohibits marijuana but federal agencies so far have limited their enforcement effort for companies which follow local laws in states that have legalized pot.

Seattle-based Privateer is one of several funds and investment companies targeting marijuana businesses. It said investors were divided on when to make their moves.

“Most of the potential lead investors wanted to wait until after next Tuesday to invest,” Chief Executive Brendan Kennedy said in an interview.

Others were ready to invest, but it was difficult to agree on how to value Privateer, with the outcome of the state votes unclear. The presidential race was a secondary issue, he added.

“This is a way to sort of take capital from investors without having to negotiate the price," he said. Privateer hopes to raise $100 million in the next round, including the notes.

The valuation of the company will be set when the round closes, and convertible note holders will get a 15 percent discount when they get equity in Privateer, he said.

The company plans to put more than half of the round in companies outside the United States, including Canada and potentially Australia, he said.

(Reporting by Peter Henderson; Editing by Leslie Adler)
http://kdal610.com/news/articles/2016/nov/04/marijuana-investor-privateer-raises-40-million-on-eve-of-us-elections/
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CVSI News