Poseidon Asset Management

Poseidon Asset Management, co-founded by Emily and Morgan Paxhia in 2013, stands as a pioneering investment firm exclusively dedicated to the global cannabis industry. Based in San Francisco, the firm was among the first institutional investors to recognize and commit capital to the nascent legal cannabis market, establishing itself as a thought leader and significant capital provider in this specialized sector. Their deep-rooted expertise and early entry have allowed them to build a comprehensive understanding of the industry's complexities and opportunities.

The firm’s investment strategy is broad, encompassing the entire cannabis value chain, from cultivation and processing to distribution, retail, and ancillary technology and services. Poseidon Asset Management typically targets early-stage to growth-stage companies that demonstrate strong fundamentals, innovative approaches, and significant potential for scalability. They are known for their rigorous due diligence and hands-on approach, often providing strategic guidance to their portfolio companies beyond just capital.

Poseidon Asset Management typically deploys initial checks ranging from $1 million to $5 million, with the capacity for substantial follow-on investments as companies mature. As of early 2022, the firm managed over $100 million in assets across multiple funds, reflecting its significant presence and continued growth within the cannabis investment landscape. With a portfolio that includes investments in over 50 companies, Poseidon has played a crucial role in shaping the development of the legal cannabis industry, backing some of its most prominent and promising ventures. Their long-term vision and specialized focus make them a key partner for entrepreneurs navigating this evolving market.