DENVER, COLO., June 3, 2014 (GLOBE NEWSWIRE) -- More than 200 high net worth investors from around the world eager to invest in the fast-growing legal marijuana industry will gather at the Denver Center for the Performing Arts Grand Seawell Ballroom for a Shark Tank-like pitch forum on Monday, June 23rd hosted by The ArcView Investor Network. More than a dozen of the top pre-selected entrepreneurs will pitch accredited investors on their cannabis business dreams in a private meeting only open to its members.
When ArcView graced the cover of the April 2013 issue of Fortune Magazine, it had about 40 investor members. It now has more than 200 members, making it one of the largest angel investment groups in the country. Unlike other angel groups of its kind, ArcView focuses exclusively on legal cannabis-related businesses.
Investors looking to invest at least $50,000 into the bourgeoning sector pay an annual fee of $2,500-$8,500 to be members of this elite group. The ArcView Investor Network includes billionaires, tech entrepreneurs turned angel investors, venture capital firms, real estate moguls, some of the largest donors to marijuana policy efforts, and the owners of some of the most successful brands in the fast-growing legal cannabis industry who are looking to make strategic acquisitions. It is the highest concentration of capital and key players to ever assemble for the industry.
In the last year ArcView investor members have pumped more than $10 million into 14 private companies. These are some of the first angel investments in this newly structured sector of the economy.
ArcView Market Research, the market data arm of ArcView, in its 2nd Edition of the State of Legal Marijuana Markets, estimated that in 2013 the legal national cannabis market was $1.5 billion and projects that in 2014 it will grow more than 68% to $2.6 billion, making it the fastest growing industry in America.
What: Select media representatives will be invited to witness a few presentations from companies that have been successful at raising capital from this group and a few who are hoping to attract investors at this meeting. Select reporters will be allowed in from roughly 8:30 am - 1:00 pm. Reporters will be able to interview high net worth investors who have recently invested in the sector or are considering it, companies that have recently been funded, elected officials that support legalization, and the editors of the market report.
When: Monday, June 23rd from approximately 8:30 AM - 1:00 PM
Where: The Helen Bonfils Building @ the Denver Center of Performing Arts (1400 Curtis St.)
You must get prior approval and have press credentials to attend.
Who:
Troy Dayton, co-founder and CEO of The ArcView Group, a national cannabis investment and research firm, founding board member of National Cannabis Industry Association, board member of the Marijuana Policy Project.
Steve DeAngelo, is a national thought leader in the cannabis industry, advocate, educator and speaker. Featured in major media around the globe, he co-founded and pioneered Harborside Health Centers, in Oakland and San Jose, Steep Hill Laboratory and The ArcView Group.
Tom Bollich, co-founder of gaming giant Zynga and Current CEO of Surna, a cannabis-focused technology company based in CO.
Doug Leighton, co-founder and a principal of Dutchess Capital, an investment firm that has made several investments in the cannabis industry.
Dr. Steve Katz, Republican New York Assemblyman who has announced plans to invest millions in the industry.
Jake Schrader, managing partner of Articulated Investors, a New York based investment firm that has invested in LEAF Aspen and others.
Dooma Wendschuh - well-known video game creator and co-founder of ebbu, a proposed Colorado retail brand of cannabis products that allows consumers to choose how they want to feel that recently raised capital from ArcView members.
Andy Williams - founder of Medicine Man, a leading cannabis retailer in Denver that raised more than $1 million from ArcView investors.
Tripp Keber - founder of Dixie Elixirs and investor in numerous companies that have pitched at ArcView.
And many more!
This event was made possible in part by our sponsors including: Surna, Grassp It, Denver Relief Consulting, Drug Policy Alliance, Poseidon Asset Management, Med-Canna Consulting, Apeks, Marijuana Policy Project, National Cannabis Industry Association, Canna Security America and Cannasure.