Brendan Kennedy (SOM '05) Speaks on Private Equity in the Cannabis Industry

Yale School of Management

Brendan Kennedy, CEO of Privateer Holdings, spoke with Yale School of Management’s Kyle Jensen on founding his own venture capital firm and investing in the cannabis industry. Kennedy’s firm, Privateer Holdings, uses strategic investments in the cannabis industry to acquire and create mainstream brands, professionalizing the cannabis business landscape through the power of private enterprise.

24 maps and charts that explain marijuana

Vox

Over the past two years, investors bid up penny stocks, which are stocks that trade for less than $5 a share, for marijuana from a $500,000 market to more than $7 billion, Bloomberg reported.  [...] But some people within the industry are highly skeptical. Brendan Kennedy, chief executive officer of the marijuana giant Privateer Holdings, told Bloomberg that the public marijuana companies are "full of shenanigans and charlatans." He added, "Most of them will revert to zero."

New Pot Stocks to Watch as Canada’s Best Hit the Market

Money Morning

"People talk about the Colorado model; people talk about the Washington model. I think someday they'll talk about the Canada model," marijuana private equity fund Privateer Holdings CEO Brendan Kennedy said to The New York Times on May 24. "By creating a tightly regulated federal system, by creating a federal license, by making it difficult to navigate in and capital-intensive, Canada has attracted a different kind of player into this industry."

Marijuana investor plans hedge fund to invest in reverse mergers

The Deal

 "We are not going to invest in something that is in violation of federal law," said Brendan Kennedy, a managing director of Seattle-based Privateer Holdings Inc., an equity investor in the medical cannabis sector that has raised $22 million and is in the midst of a $50 million raise. Privateer's portfolio investments include Tilray, a licensed Canadian marijuana producer, and Arbormain, a Washington company that leases properties to cannabis-based businesses.

Risk takers go under lock and key to join pot industry

The News Tribune

The company Tilray, a Canadian subsidiary of Seattle-based Privateer Holdings, operates a 70,000-square-foot warehouse on Vancouver Island. “There is a vault inside of it that’s as sophisticated as any bank vault that you’ve ever seen,” said Brendan Kennedy, CEO of Privateer and Tilray. “We have a security team that’s former (Royal Canadian Mounted Police) members, Mounties, on staff.”

Meet Two Clean-Cut Entrepreneurs Making Weed Go Mainstream

Huffington Post

Privateer Holdings is the first private equity company openly investing in the legal weed industry. While a small handful of similar efforts have been publicly announced...Privateer says it has raised the most cash so far. The firm raised $22 million from investors last year and will soon close on another $50 million in funding, according to Groh.

Pot-related VC firm to close $50 million funding

Fortune

The firm expects to close a $50 million equity financing by September, according to an S.E.C. disclosure it filed Tuesday. When combined with an earlier $7 million equity round, which closed a year ago, and a $15 million convertible bridge loan it obtained in February, the firm will have raised $72 million for the purpose of reinvesting in legitimate pot-related enterprises. No other marijuana-related investment fund appears to be nearly as far along.