Merida Capital Holdings

Merida Capital Holdings is a private equity firm that targets fundamental growth drivers underpinning the rapid development of the cannabis industry. Their investment emphasis focuses on cultivation technologies, products, and services associated with the evolution of cannabis as an agricultural product, natural plant-based medicine, and as a recreational consumer product. The firm has been active in the cannabis space since 2016, investing in companies transitioning from start-ups to revenue-generating growth companies. Their investment thesis is based on the normalization of cannabis in the US and worldwide, targeting four distinct verticals in the medical and adult-use markets. Key metrics include $252 million across five funds and co-investments, over 75 portfolio companies, and a team of 19 professionals advising in the state-legal cannabis industry. They commenced advising in 2009 and began direct investments in cannabis-related companies in 2012. As of now, 39 states plus the District of Columbia have access to legalized cannabis.