Privateer Holdings is an American

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...

company that invests in the legal

cannabis industry The cannabis industry is composed of legal cultivators and producers, consumers, independent industrial standards bodies, ancillary products and services, regulators and researchers concerning cannabis and its industrial derivative, hemp. The can ...

. Privateer Holdings is headquartered in

Seattle, Washington Seattle ( ) is a seaport city on the West Coast of the United States. It is the seat of King County, Washington. With a 2020 population of 737,015, it is the largest city in both the state of Washington and the Pacific Northwest region ...

and employs more than 350 people in seven countries. The company is building a diversified portfolio of cannabis brands. , the company has raised $122 million. Privateer Holdings secured the first institutional investor to enter the cannabis industry,

Founders Fund Founders Fund is a San Francisco-based venture capital firm. Formed in 2005, Founders Fund had more than $11 billion in aggregate capital under management as of 2022. The firm invests across all stages and sectors, including aerospace, artificia ...

. In 2019 Privateer Holdings was merged with

Tilray Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin A ...

Portfolio companies

Privateer Holdings portfolio companies include Leafly, the world's largest cannabis information resource, Tilray Inc., a federally licensed, GMP-certified medical cannabis producer located in Nanaimo,

British Columbia British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, ...

, and

Marley Natural Marley Natural is the official cannabis brand of Bob Marley, developed by his estate in conjunction with the private equity firm Privateer Holdings, which develops cannabis industry brands. The brand is based in Seattle, Washington. Marley Natura ...

, a partnership with the

Bob Marley Robert Nesta Marley (6 February 1945 – 11 May 1981; baptised in 1980 as Berhane Selassie) was a Jamaican singer, musician, and songwriter. Considered one of the pioneers of reggae, his musical career was marked by fusing elements o ...

estate launching a line of cannabis strains, body care products, smoking accessories, and other lifestyle goods. It is owned by Brandan Kennedy, Michael Blue, and Chris Groh. Privateer Holdings acquired Leafly in 2011. Leafly is the largest cannabis website in the world, with more than 11 million unique visitors per month. In 2014, Leafly became the first cannabis company to place an advertisement in the

New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

. Privateer owns 76 percent of Tilray Inc., a company federally licensed by the Government of Canada to produce, process, package and distribute medical cannabis. The company operates a 60,000 sq. ft medical cannabis research and production facility in Nanaimo, British Columbia. , Tilray supplies pharmaceutical-grade medical cannabis products. Tilray's primary market is Canada, where it serves more than 20,000 patients, but the company also exports medical cannabis products to other countries. Tilray was the first company to legally export medical cannabis products from North America to Australia, Brazil, Chile, the European Union, and New Zealand. Tilray became the first medical cannabis producer in North America to be GMP certified in December 2016. GMP certification is the most rigorous standard that manufacturers of medical products must meet in their production processes. GMP certification allows Tilray to create products for clinical research. , Tilray supplies pharmaceutical-grade medical cannabis products for three different clinical trials in partnership with hospitals and universities in Canada and Australia. In November 2014, Privateer Holdings and

's daughter Cedella launched the cannabis brand ''

'' developed by the Marley family in conjunction with Privateer. Marley Natural launched its inaugural collection of cannabis products, body care, and smoking accessories in

Los Angeles, California Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...

in February 2016. , the brand sells cannabis in California, Oregon, and Washington.

References

External links

Privateer Holdings official site
{{Cannabis in Washington Financial services companies established in 2011 2011 in cannabis Cannabis companies of the United States Cannabis in Washington (state) Cannabis law reform in the United States Companies based in Seattle Medicinal use of cannabis Private equity firms of the United States