Closing of Second Cannabis-Specific Fund Increases Total Capital Raised to Date to $86M Cresco Capital Partners Raises $60M in Oversubscribed Cannabis Private Equity Fund

NEW YORK, June 6, 2019 /PRNewswire/ — Cresco Capital Partners, (“Cresco”) a private equity investment firm focused solely on making strategic investments in the legal cannabis market, announced today the closing of an oversubscribed $60 million fund (CCP Fund II). Since inception in 2014, Cresco has raised more than $85 million in its two funds as well as a series of co-investments.

“Surpassing our original goal of raising $50 million for CCP Fund II by almost twenty-percent not only represents a significant milestone for Cresco Capital Partners, it serves to validate the leadership role we play in providing growth capital and advisory services to companies within the cannabis industry,” said Matthew Hawkins, Managing Principal of Cresco Capital Partners. “With the overwhelming success of CCP Fund II, we are preparing to begin marketing a third fund in which we hope to raise $200 million. This fund will continue to target investments in value-add opportunities in the legalized cannabis space both plant touching and non-plant touching.”

Cresco Capital Partners has deployed approximately $22 million to date from Fund II in 15 companies that operate across the cannabis supply chain, from genetics and breeding, to retail branding and distribution. CCP Fund II’s diverse portfolio includes companies such as Harborside/FLRish Inc., MJ Freeway, PROHBTD, NorCal Cannabis Company, Sunderstorm, Phylos Biosciences, Sublime, Cellibre, among others. To date, Cresco has achieved seven exits across its two existing funds including major companies such as Acreage, Green Thumb Industries (GTI), Ebbu and Form Factory.

About Cresco Capital Partners
Cresco Capital Partners is a US private equity investment firm, dedicated to investing in the cannabis industry. Founded in 2014, the Firm is focused on deploying capital in strategic geographies and sectors within the cannabis space through a combination of opportunistic equity, convertible notes and senior secured debt with warrant protection. Since its inception, Cresco has deployed more than $50 million in 32 companies through CCP Funds I, II and co-investment vehicles.

For more information please visit www.crescocapitalpartners.com

SOURCE Cresco Capital Partners

Related Linkshttp://www.crescocapitalpartners.com

MJ Shareholders avatar

MJ Shareholders

MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers

( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )