Investment crowdfunding platform CannaFundr, one that targets the nascent cannabis industry, has formed a partnership with Deutsche Cannabis AG. The agreements is described as facilitating investment into the Cannabis industry internationally while boosting entrepreneurship and the infrastructure to support it. Deutsche Cannabis is said to be Europe’s first publicly traded investment firm focused on legal marijuana related companies. CannaFundr is part of CrowdFund Connect, a crowdfunding porfolio company based in Chicago. The agreement was said to “provide a framework for a strong European and American business relationship for private equity investment specific to the cannabis industry”.
“In the next decade, the laws that prohibited the growth and consumption of marijuana globally will be ready to upend,” Cannafundr Co-founder, Randy Shipley commented. “The time to develop strong partnerships and investment collaboration is now. The team at Deutsche Cannabis AG is one that I feel provides a perfect alliance.”
Deutsche Cannabis expects the cannabis industry to develop rapidly over the next decade – matching the landscape in the US. Carsten Siegemund, Chairman of Deutsche Cannabis stated;
“I am very proud that we have formed this alliance with Cannafundr. We understand the important role of private equity investment in addition to the role that online crowdfunding will be playing in the industry, and we are confident the CannaFundr team will lead this space.”
