(This story has been updated to correct the value of the cannabis investment fund.)
Arizona-based Hypur Ventures announced it’s rolling out a half-a-billion-dollar cannabis investment fund intended to inject even more capital into both the marijuana and hemp sectors.
Dubbed Hypur Ventures II, the fund will focus partially on mergers, acquisitions and rollup opportunities but also on “seasoned operators” with still-maturing private companies.
Individual investments will range from $1 million to $25 million and a total fund cap of $500 million, according to a news release.
“We are confident that by investing in experienced operators and companies with strong growth and defensible business models, we have an opportunity to unlock value in one of the fastest-growing industries in the world today,” said Christopher Galvin, Hypur’s founder and managing director.
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