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Cowen and Co. is predicting that within 10 years, legal pot聽sales will hit聽$50 billion in the U.S., up from $6 billion today.In an interview yesterday with Reuters, Privateer CEO Brendan Kennedy said he hoping his firm newest round of funding will reach $100 million but that many interested investors are waiting to see what happens this Tuesday. Those who pr
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ovided the company with that $40 million will聽receive a 15 percent discount when they get equity in Privateer, he聽added.Privateer聽has so far聽raised $122 million altogether. Earlier investors include Founders Fund, which led the company $75 million Series B round in March 2015, and Subversive Capital.The company, which primarily invests in U.S. companies, owns or has stakes in at least three companies, including Leafly, a cannabis website and
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mobile application聽centered around user-generated reviews of cannabis strai
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ns, products and dispensaries. Another bet is聽Tilray, a startup that provides pharmaceutical-gr Eegr Microsoft Releases A Hobbled Outlook iOS App That Pretty Much No One Will Use
Leading the round are Howzat Part
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ners, MMC Ventures, and Forward Investment Partners. Also participating are Meyer Bergman, Playfair Capital, Ballpark Ventures, Marc Hazan of Spotify , and Miroma Ventures.That a pretty long list of backers for a relatively small investment, which follows earlier undisclosed backing last December from
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Forward Investment Partners, Ballpark Ventures, and various unnamed angel investors. It my understanding that Appear Here actually came out of Forward Labs, the startup foundry of Forward Internet Group. Appear Here says it will use the new capital to & 8220 cale u
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p its operations to meet what it claims is increasing demand, and to continue strengthening its technology team. The company currently employs 12 people, according to CrunchBase.Founded last year by 21-year-old Ross Bailey, based on experience he gained opening his own pop-up shop in London, Appear Here connects commercial landlords who have space, with bran