SAN FRANCISCO, Jan. 21, 2014 (GLOBE NEWSWIRE) -- Media Alert! Press Conference Thursday, January 23rd at 9 AM at Arc View Investment Forum in Las Vegas , NV
On the heels of President Obama's recent positive comments about marijuana policy reform (The New Yorker 1/27/14), cannabis pioneers, candidates for Congress, and high net-worth investors from around the world eager to invest in the fast-growing legal cannabis industry will gather in Downtown Vegas on January 23rd for a Shark Tank-like pitch forum. A dozen of the top applicants to the ArcView Investor Network will pitch approximately 120 high net-worth accredited investors on their cannabis business dreams in a private meeting only open to its members.
The ArcView Investor Network, started in November of 2011, had approximately 25 investor members a year ago. It now has approximately 125 members, each looking to invest at least $50,000, who pay an annual fee of $3,500-$5,000 to be members of this elite group.The ArcView Investor Network includes billionaires, tech entrepreneurs turned angel investors, venture capital firms, real estate moguls, some of the largest donors to marijuana policy efforts who are now turning to the business and the owners of some of the most successful brands in the burgeoning legal cannabis industry who are looking to make strategic acquisitions. The news media will be invited to participate in a news conference to start the day where they will hear from companies and investors that have successfully closed deals recently. More than 10 companies have reported raising more than $4 million due to their participation in ArcView, just since April. These are some of the first angel investments in this newly structured sector of the economy.
In addition, ArcView Market Research, will be releasing updated national market projection numbers based on new information available since it released its last projections in the 2nd Edition of the State of Legal Marijuana Markets report released in November which showed that the legal cannabis industry is the fastest growing industry in the U.S.
What: News Conference -- This news conference will feature high net-worth investors who have recently invested in the sector, companies that have recently been funded, local and national elected officials that support legalization, and the editor of the market report.
When: Thursday at 9:00 AM
Where: MEET Las Vegas 233 South 4th Street, Las Vegas, NV
Who: Troy Dayton, co-founder and CEO of The ArcView Group, a national cannabis investment and research firm, former fundraiser for MPP (Marijuana Policy Project)
Steve DeAngelo, co-founder and President of The ArcView Group, Executive Director of Harborside Health Center, the largest medical cannabis retailer in the world; co –founder of Steep Hill Labs, the first cannabis purity and potency lab testing company; and star of the hit Discovery show "Weed Wars."
Joe Brezny, Executive Director of the Nevada Cannabis Industry Association
Doug Leighton, co-founder and a principal of Dutchess Capital, a New York investment firm that has managed an investment portfolio of $125 million in assets, $200 million in direct investments and over $2 billion in Equity Line Facilities (ELFs). Dutchess Capital recently made its first investment in the cannabis industry.
Andy Williams, CEO of Medicine Man Denver, a licensed cannabis retailer that recently received more than $1 million dollars in expansion funds from ArcView Investor Network members to expand his facility in preparation of adult-use legalization in Colorado.
Shenna Bellows, Democratic candidate for U.S. Senate from Maine and former executive director of the ACLU of Maine
Sen. Daylin Leach, Pennsylvania State Senator and candidate for Congress
Dr. Steve Katz, Republican New York Assemblyman who has announced plans to invest millions in the industry
Tripp Keber, CEO of Dixie Elixirs and an investor in numerous companies that have pitched ArcView.
Ross Kirsch, CEO of Quark Distribution/Stink Sack, a cannabis packaging company that recently raised capital from ArcView members.
Josh Mehzer – Founder and CEO of Hydrogarden Industry Innovations, the makers of a revolutionary new cannabis trimming tool who recently received investment from a number of ArcView members.
Dooma Wendschuh – co-founder of ebbu, a proposed Colorado retail brand of cannabis products that allows consumers to choose how they want to feel that recently raised capital from ArcView members.
Steve Berg, former Managing Director of Wells Fargo, who is the editor of ArcView Market Research's 2nd Edition of The State of Legal Marijuana Markets.
NOTE: Credentialed Media Only Allowed Access at Press Conference