Merida Capital Partners is pleased to announce that its private equity fund targeting fundamental growth drivers underpinning the rapid development of the cannabis industry has crossed $50MM in assets under management (AUM) and closed transactions in nine companies in its second Fund.
With the full development of Merida's first tranche of Fund !! and the opening of the firm's second investment tranche, Merida Fund II will continue to focus on high-conviction investments in leading companies that have crossed the "fragmentation gap" yet still need strategic capital to profoundly accelerate their respective growth curves.
Merida will also focus on businesses implementing Capex-lite models in the traditionally capital-intensive verticals of cultivation, dispensing and life sciences.