Co-Written by Morgan Paxhia (Poseidon) with data provided by Cy Scott (CEO of Headset) When we started Poseidon back in 2013 we had no data, no benchmarks for valuations, and a very limited opportunity set. We truly had a blank canvas as we went about investing our first fund. …

by Morgan Paxhia “History doesn’t repeat itself, but it often rhymes” - Mark Twain Rhyme #1 — Dotcom and Cannabis Bubbles We sure seem to be saying and hearing this Mark Twain quote a lot in 2021, as we watch the cannabis public markets cycle lower for 7 straight months…

Two weeks ago, Poseidon held its first ever virtual GreenShoots(™) pitch forum. The event brought together 80 accredited investors to preview five hand-picked cannabis companies chosen by our team to represent areas of opportunity in the industry. The primary goal of the event was to connect investor attendees with real…

If you’re a cannabis entrepreneur and founder, you may be familiar with the dichotomies of startup life — Feeling energized, and completely taxed; In control, yet fully engulfed in chaos; Rising up to drive a vision, while being dragged back down into the weeds. You know you are not alone…

There is a long way to go for cannabis and very attractive returns within specific companies — all signs point to the next leg of returns.

The cannabis industry is at an inflection point. Essential-business status created an unexpected leap in new consumer adoption. Sales were up 40% in 2020. The results appear in nearly every sector but are most visible in the quarterly reports of the publicly traded multi-state operators (“MSOs”). …

The cannabis industry is real. Yes, it is still emerging. Yes, cannabis is still federally illegal. But things have changed dramatically in the 7 years since we launched our first professionally managed investment funds. …

…And 2021 holds great promise By Michael Boniello, Managing Director at Poseidon In late 2019, Poseidon wrote a white paper called the Cannabis Alpha Wave which is a sector specific consideration of the Gartner Hype Cycle. In this paper, we suggested 2020 would be the “Darwin Phase” of the cannabis…

Understanding Critical Components By Andres Navia Our Portfolio Manager Andres Navia is at it again! This time he really digs in on preferred stock term sheets. There are many aspects to these term sheets that are critical for founders and investors to understand in all areas from cap table impacts…