Investment Summary

Merida Capital Holdings Invests In GrowGeneration

On March 14, 2017, growth capital firm Merida Capital Holdings invested in retailer GrowGeneration

Investment Highlights
  • This is Merida Capital Holdings’ 1st transaction in the Retail sector.
  • This is Merida Capital Holdings’ 4th transaction in the United States.
  • This is Merida Capital Holdings’ 1st transaction in Colorado.

Investment Summary

Date 2017-03-14
Target GrowGeneration
Sector Retail
Investor(s) Merida Capital Holdings
Deal Type Growth Capital

Target

GrowGeneration

Pueblo, Colorado, United States
website
GrowGeneration is a large specialty retail hydroponic and organic gardening store chain, selling to both the commercial and home cannabis markets, with currently 10 locations in Colorado, 1 location in California and 1 location in Las Vegas, NV. GrowGen carries and sells thousands of products, including organic nutrients and soils, advanced lighting technology and state of the art hydroponic equipment to be used indoors and outdoors by commercial and home growers.

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Investor(S) 1

Investor
DESCRIPTION

Merida Capital Partners is a private investment firm focused on acquiring and investing in companies that support the cannabis industry. These include cultivation infrastructure, data and technology services, pharmaceutical development, and medical cultivation. Merida Capital Partners was formed in 2016 and is based in New York, New York.


DEAL STATS #
Overall 4 of 5
Sector (Retail) 1 of 1
Type (Growth Capital) 3 of 4
State (Colorado) 1 of 1
Country (United States) 4 of 5
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-18 New Frontier Data

Washington, District of Columbia, United States

New Frontier Data is a business intelligence and data analytics company that provides objective, rigorous and comprehensive analysis and reporting for the cannabis industry. New Frontier’s data and reports have been cited in over 45 countries around the world to inform industry leaders. New Frontier, the premiere Big Data as a Service provider in the sector, looks beyond the plant cultivation and distribution, to raise the industry bar and improve visibility into what will inevitably soon be a mature and more complex industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-13 KushCo

Tustin, California, United States

KushCo provides unique products and services for both businesses and consumers in the cannabis industry. Founded in 2010 as a packaging and supplies company for dispensaries and growers, KushCo has sold more than 100 million units and now regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. The Company has facilities in the three largest U.S. cannabis markets and a local sales presence in every major U.S. cannabis market.

Buy -