Investment Summary

Merida Capital Holdings Invests In New Frontier Data

On January 18, 2017, growth capital firm Merida Capital Holdings invested in information services company New Frontier Data

Investment Highlights
  • This is Merida Capital Holdings’ 1st transaction in the Information Services sector.
  • This is Merida Capital Holdings’ 3rd transaction in the United States.
  • This is Merida Capital Holdings’ 1st transaction in District of Columbia.

Investment Summary
Date 2017-01-18
Target New Frontier Data
Sector Information Services
Investor(s) Merida Capital Holdings
Deal Type Growth Capital

Target

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.

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Investor(S) 1

Investor

Merida Capital Holdings

Category Growth Capital Firm
Founded 2016
PE ASSETS 350M USD
Size Middle-Market
Type Sector Focused
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 3 of 5
Sector (Information Services) 1 of 1
Type (Growth Capital) 2 of 3
State (District of Columbia) 1 of 1
Country (United States) 3 of 5
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-11 Steep Hill Labs

Berkeley, California, United States

Steep Hill is a cannabis science and technology firm. Steep Hill’s core business is testing and analyzing medical and recreational marijuana to ensure compliance with public safety standards. In addition to its core business, Steep Hill is also an innovative R&D Lab that has developed and commercialized two highly-differentiated and proprietary products: the QuantaCann and the GenKit.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-14 GrowGeneration

Pueblo, Colorado, United States

GrowGeneration is a specialty retail hydroponic and organic gardening store chain, selling to both the commercial and home cannabis markets. 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. GrowGeneration is based in Pueblo, Colorado.

Buy -
Mergr

Product

Company

Legal