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Our mission is to combine extensive investment expertise, and industry experience in providing growth capital to rapidly emerging private companies operating in the licensed U.S. cannabis industry with a focus on California.

The Company’s vision is to be the capital partner of choice for rapidly emerging companies focused on the licensed U.S. cannabis industry.

Why Are We Focused on Licensed Cannabis?

Licensed cannabis is becoming legalized rapidly on a global scale and while FinCanna is focusing on this sector, it is confident that its investors and portfolio companies will benefit from this focus.

According to Prohibition Partners, worldwide spending on legal cannabis is expected to hit $47.3 billion by 2024. The US will continue to be the leader in legal cannabis buyers, as the $3.1 billion spent in 2019 is expected to grow to $43.9 billion by 2024. [3]

The U.S. Cannabis Industry and California

  • California is the largest cannabis market in North America, representing $3.1 billion in licensed cannabis sales in 2019[1];

  • The North American legal cannabis market grew to $13.8 billion in 2019 sales. The U.S. accounted for $12.2 billion, followed by Canada with $1.6 billion. [2] Globally, legal cannabis brought in $14.9 billion in 2019 sales.

  • California not only has the largest state economy in the U.S., it is also fifth largest economy in the world. With licensed cannabis sales projected to total US$7.2 billion by 2024,[1] California is recognized as a global leader of the cannabis market.

  • The state licensed cannabis market in the U.S. is expected to reach $43.9 billion by 2024, while the global estimated sales will reach $47.3 billion by 2024.[3]


Sources:
[1]LA Times, 2019. https://www.latimes.com/california/story/2019-08-14/californias-biggest-legal-marijuana-market

[2]Yahoo Finance, 2019. https://finance.yahoo.com/news/2019-big-legal-cannabis-143505778.html

[3]  The Motley Fool, 2019. https://www.fool.com/investing/2019/09/10/us-marijuana-sales-will-be-12-times-higher-than-ca.aspx

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