"We really wanted to find investors that looked at us less like a cannabis company and more like an alcohol substitute," Jake Bullock, Cann's cofounder, told Business Insider.
Capital raises, M&A activity, partnerships, and launchesSubversive Capital raised a $225 million cannabis real estate investment trust, or REIT, as a special purpose acquisition vehicle, or SPAC, on the NEO Exchange.
Canadian cannabis company Aphria received a $100 million investment from an undisclosed institutional investor on Friday.
Cannabis-infused beverage startup Cann raised a $5 million seed round from Imaginary Ventures, JM10 partners, and a few return investors.
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