Atai Life Sciences Is Assembling a Mental-Health Drug Platform; Atai founder Christian Angermayer said his company’s approach is similar to that of Privateer Holdings, a cannabis-focused private-equity and holding company that is backed by Peter Thiel, who has also invested in Atai’s portfolio company Compass Pathways.
World High Life agreed to acquire Love Hemp Ltd in the UK for up to GBP5,000,000; World High Life Plc (NEX: LIFE), a CBD and medicinal cannabis investment company, believe this initial investment will provide a platform from which to rapidly expand its UK and European business and help LIFE in its ambition to become a leading European medical cannabis and CBD investment company.
SoftBank’s New York Move; Machine Learning For Drugs; Cannalysis, a Santa Ana, Calif.-based cannabis testing laboratory, nabbed $22 million in Series A funding from CanLab. Casa Verde Capital counts the company in its portfolio.
Plant-Based Food Strategies evolve; SmileDirectClub IPO; Dutchie, a Bend, Ore.-based online cannabis marketplace, secured $15 million in Series A funding. Gron Ventures led the round, with participation from Casa Verde Capital, Thirty Five Ventures, Sinai Ventures and others.
Renegade Partners Raising New Fund; Canndescent, a Santa Barbara, Calif.-based provider of premium cannabis products, completed a $27.5 million Series C round of funding. Green Acre Capital led the investment, with participation from investors including Carnegie Arch Capital, Senterra, Altitude…
uBiome’s Bankruptcy VC Lifeline; Fyllo, a Chicago-based cannabis marketing startup, launched with $16 million in seed financing led by JW Asset Management and K2 & Associates. Jason Klarreich, managing director of JW Asset, will join the board.
Psychedelic Drugs Draw Some Investor Attention—and Much Skepticism;
…Subversive Capital LLC, an investment firm focused on controversial industries including gambling as well as substances such as cannabis and psychedelics.
Thrive Capital Makes First Cannabis Investment; Thrive Capital Management has joined a small cadre of mainstream venture-capital investors investing in the booming—but still federally illegal—cannabis market.
Henry’s Unicorn Round; Henry’s Original, a cannabis startup in Mendocino, Calif., has raised $11 million in Series B financing led by Merida Capital Partners. Big Rock Partners, Delta Emerald Ventures and JW Asset Management also participated in the round, which is planned for expansion…