A PIONEERING COMPANY OF FIRSTS
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 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.
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.
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.
$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.
TILRAY OPENS IN CANADA
Tilray becomes the first American-owned company to operate a federally-licensed commercial cannabis production facility.
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.
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.
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.
$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.
TILRAY LAUNCHES EXTRACTS PRODUCT LINE
Tilray debuts a broad-based line of medical cannabis extract products in Canada.
LEAFLY COMEDY TOUR LAUNCHES
The Leafly Comedy Tour hosts its first show in Seattle. The yearlong tour becomes a smash-hit in 11 cities across North America: Los Angeles, Denver, Chicago, Toronto, San Francisco, Portland, Phoenix, Brooklyn, Boston, Austin, and Vancouver.
LAUNCHED MARLEY NATURAL
Marley Natural debuts premium cannabis products, a body care line, and smoking accessories.
ANNOUNCED AUSTRALIAN CLINICAL RESEARCH PARTNERSHIP
Tilray partners with the University of Sydney, New South Wales Government, and Chris O'Brien Lifehouse (one of Australia's leading cancer hospitals) to conduct a first-of-its-kind clinical trial studying how cannabinoids can benefit patients with chemotherapy-induced nausea and vomiting (CINV).