Northern Swan Holdings, Inc., a New York-based investment firm focused on making investments in the international cannabis industry, completed a USD$58m Series D financing.
The round, which brings the total amount of capital raised to date to USD$96m. was led by leading global institutional investors in the industry.
The company will use the new funds to expand its existing Latin American operations, to invest in new low-cost, large-scale cannabis cultivation and processing centers and to build out distribution channels and brands in Europe, Latin America and North America.
Led by Kyle Detwiler, CEO, Northern Swan is an investment firm focused on investments in the international cannabis industry in geographies where it is federally legal. With offices in New York, Toronto, Bogota, and Frankfurt, the firm invests in and assists emerging companies in developing low-cost production capacity and distribution capabilities to improve distribution globally and generate brand value.
Northern Swan has invested in several companies spanning the global cannabis value chain including:
– Clever Leaves, a vertically integrated licensed producer of medical cannabis in Colombia,
– Cansativa GmbH, a German cannabis distribution company, and
– Lift & Co., a Canadian marketing and data company.