ABOUT

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A PIONEERING COMPANY OF FIRSTS

 

 

 

 

 

 

 

 

 

 

MAY 2010
PRIVATEER HOLDINGS IS FOUNDED

Brendan Kennedy, Michael Blue, and Christian Groh quit their jobs in venture capital and investment banking to begin researching the cannabis industry. They travel the world meeting with cannabis growers, dispensary owners, patients, activists, lawyers and political campaigners. 

Privateer Holdings Partners (from left): CFO Michael Blue, COO Christian Groh and CEO Brendan Kennedy.

Privateer Holdings Partners (from left): CFO Michael Blue, COO Christian Groh and CEO Brendan Kennedy.

 

OCTOBER
PRIVATEER HOLDINGS LAUNCHES

After more than a year of in-depth, on-the-ground research, Privateer Holdings launches as the first private equity firm focusing exclusively on the cannabis industry.

 
 
 

DECEMBER
LEAFLY ACQUISITION

Privateer Holdings acquires Leafly, a popular cannabis information and strain review app, marking the first investment by a private equity firm in the cannabis industry.

 
 
 

OCTOBER
DEA AGENT JOINS AS GENERAL COUNSEL

Patrick Moen, a licensed attorney and federal narcotics agent, becomes the first person to leave the U.S. Drug Enforcement Administration to join the cannabis industry.

 
Patrick Moen

Patrick Moen

 
 
 

DECEMBER
$7 MILLION SERIES A FUNDING ROUND CLOSES

Privateer Holdings closes $7 million in Series A funding, marking the first multi-million dollar fundraising round by an investment firm in the cannabis industry. “It was the hardest money we ever raised,” said CEO Brendan Kennedy.

 
 

 

APRIL
TILRAY OPENS IN CANADA

Tilray becomes the first American-owned company to operate a federally-licensed commercial cannabis production facility.

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MAY
LEAFLY IS NAMED APP OF THE YEAR

Geekwire awards its top honor to Leafly over Microsoft, Cloak and Lively – naming Leafly the 2014 “App of the Year”.

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AUGUST
LEAFLY PUBLISHES FIRST CANNABIS AD IN THE NEW YORK TIMES

Leafly becomes the first cannabis company to place a full-page print advertisement in The New York Times, congratulating the state of New York on passing the Compassionate Care Act and reminding consumers to #JustSayKnow.

 
 

NOVEMBER
MARLEY NATURAL DEBUTS ON NBC’s TODAY SHOW

Marley Natural – a partnership between Privateer Holdings and the family of Bob Marley – is unveiled as the world’s first global cannabis brand, on NBC’s Today Show. The news is heard around the world, resulting in more than 2 billion earned media impressions and more than 2,000 stories printed in 196 countries.

 
 

DECEMBER
FOUNDERS FUND BECOMES FIRST INSTITUTIONAL INVESTOR IN LEGAL CANNABIS

Peter Thiel’s Founders Fund becomes the first institutional investor in the legal cannabis industry through an investment in Privateer Holdings’ Series B round. The news is announced on CBS This Morning and generates more than 2 billion impressions.

 

 

MARCH
$75 MILLION SERIES B ROUND CLOSES

Privateer Holdings announces the largest funding round ever closed by a private equity firm in the cannabis industry - $75 million.