Established. Experienced. Diversified.
Merida Capital Partners is a private equity investment firm targeting fundamental growth drivers underpinning the rapid development of the cannabis industry. Our investment emphasis focuses on cultivation technologies, products and services associated with the evolution of cannabis as an agricultural product, a natural plant-based medicine, a constituent in pharmaceutical formulations, and a recreational consumer product.
The Merida team has members who have been working with state legal cannabis companies since 2009 and investing in cannabis-related companies since 2012. We have honed our investing philosophy through our immersion in the most complex areas of the cannabis industry, the state-regulated licensing process for medical cultivation and cannabis-based pharmaceutical development.
Our team has competed for and won limited licenses in two of the strictest medical-only states in the United States, and married that operational experience with successful private equity track records and decades of experience in the traditional industries of technology, real estate, structured finance and banking.
While we have deep experience in the entire cannabis supply chain, our investment thesis is grounded primarily in four distinct verticals: Medical cultivation, cultivation infrastructure, data and technology services and pharmaceutical development and life sciences. We seek compelling long-term value as the industry matures by investing in well-managed, revenue generating companies offering cannabis-based businesses essential products or services.
Crossing the Fragmentation Gap
As the cannabis industry swiftly professionalizes, cultivation operations are growing and becoming more complex. These larger, more disciplined operations require services and products that enhance operational efficiency, transparency and automation in order for these organizations to thrive in an increasingly competitive environment.
We believe the most challenging aspect of cannabis-based businesses is the hyper-fragmentation of the industry driven by the idiosyncratic nature of each state’s industry.
Our philosophy is to identify companies with talented management teams who have successfully crossed the “fragmentation gap” and emerged into stable revenue generating growth companies. We seek to further accelerate the growth of these deserving companies who are positioned to provide or already provide enterprise level service or products to cannabis cultivators or other institutional participants in the sector.
From a Lasting Foundation to a Modern Miracle
Merida Capital Partners is named for the Aqueduct of the Miracles (Acueducto de los Milagros), one of the most successful and innovative infrastructure projects in world history, located in Mérida, Spain. Over 2,000 years ago, during a time when irrigation technology was non-existent, the forward-looking Merida aqueduct system transported water nearly 15 miles over varied terrain to Emerita Augusta, a city built for retired elite Roman soldiers. The Aqueduct system contributed significantly to the emergence and establishment of foundational civilization elements that still exist in the region today. Large sections of the Merida aqueduct are still standing and are preserved as a UNESCO World Heritage site.