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WelCan Capital Launches First Impact Investment Fund Focused on Cannabis-Industry

WelCan Capital Launches First Impact Investment Fund Focused on Cannabis-Industry

NEW YORK–(BUSINESS WIRE)–WelCan
Capital
, a cannabis-focused venture capital firm, announced the
launch of the first impact
investment
fund focused on bolstering the cannabis
industry
and addressing the challenges and injustices stemming from
cannabis prohibition. Leveraging a ‘people + purpose + profits’
philosophy, the new fund will invest in four core verticals across
plant-touching and ancillary businesses in the cannabis sector: Business
Services, Emerging Technology, Software and Licensed Operations.

“The lack of institutional capital in the space creates a compelling
opportunity for investors,” said Vikas Desai, partner at WelCan Capital.
“Our focus is to drive performance, while also playing a vital role in
shaping the future of key issues today: sustainability, medicinal
research, criminal justice reform and our nation’s opioids crisis. We
know creating lasting, responsible change and maximizing opportunities
for investors are not mutually exclusive. We look forward to driving
financial and social returns for our investors, the industry and
communities at large.”

WelCan Capital’s Fund I will invest in companies that share in the
firm’s vision and values of an ethical and sustainable cannabis industry
that is well positioned for long-term success. Fund I will give back a
portion of its profits annually to select organizations that have
demonstrated efforts to move the cannabis industry forward in a
responsible way.

Initial Fund I investments include:

  • Sanctuary
    Medicinals
    , a Massachusetts based,
    vertically-integrated licensed operator with a commitment to efficient
    production methods and outstanding patient care; and
  • Treez,
    a leading enterprise SaaS platform for dispensaries that optimizes
    dispensary operations and customer experience

“At WelCan, we consider what the cannabis industry will look like in
3-5-10 years and focus on technologies and services that will be needed
in the future,” said John Twomey, partner at WelCan Capital. “Our
forward-thinking vision helps us handpick strategic early-stage and
growth opportunities that will drive lasting change. We particularly
believe that partnering with experienced management teams, who possess a
clear purpose and track record of success, make the smartest
investments.”

For more information, please visit http://welcancap.com/
or email us at info@welcancap.com.

About WelCan Capital

WelCan Capital invests in high-impact, foundational companies in the
cannabis industry. Leveraging a people + purpose + profits approach,
WelCan Capital’s mission is to maximize returns for investors while
driving lasting, responsible change through smart investments,
sustainable approaches, education and charitable giving. WelCan focuses
on both early-stage and growth opportunities in both plant touching and
ancillary companies.

Full story is available here.

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