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Green Acre Capital Launches Fund II with $35 Million in Lead Commitments

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TORONTO and CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Green Acre Capital ("GAC") is pleased to announce the launch of the Green Acre Capital Fund II ("the Fund") which is exclusively dedicated to making investments in the cannabis industry.  This is the second cannabis fund in the GAC umbrella which follows Green Acre Capital Fund I, a $25m fund with a focus on ancillary Canadian opportunities that launched in 2017.

The Fund's strategy is to invest in early and growth stage private companies that are well positioned to grow rapidly in the burgeoning global cannabis industry. The team continues to be led by Managing Directors, Matt Shalhoub and Tyler Stuart, with an advisory board that includes Shawn Dym, Managing Director of York Plains Investment Corp., Vic Neufeld, CEO & Chairman of Aphria Inc., and W. Brett Wilson, Chairman of Canoe Financial and Prairie Merchant Corporation.

GAC has received lead investment commitments totaling over $35M from Aphria Inc. (TSX:APH, OTC:APHQF), York Plains Investment Corp., W. Brett Wilson, E. Craig Lothian, and several other high net worth investors.

"We are delighted to have the support again from our lead investors and advisors as we launch our second fund" said GAC Managing Director, Tyler Stuart. "We feel that being an early mover in Canada has allowed us to construct an attractive portfolio within Fund I. Our goal will be to replicate this strategy in Fund II as we continue to vet opportunities in Canada and abroad."

"With recreational cannabis sales to commence in October, the Canadian cannabis industry is well on its way to becoming a multi-billion dollar market. Canada is the clear leader in a global cannabis legalization movement and we believe that this ideally positions Canadian companies and investors," said GAC Managing Director, Matt Shalhoub. "We're thrilled with the progress of Fund I, and look forward to leveraging this success as we continue to deploy capital and build out our ecosystem of investments."

About Green Acre Capital

Green Acre Capital is a Toronto and Calgary based private investment fund focused on the global medical and recreational cannabis industry. The Fund invests in many sectors of the cannabis value chain, with a preference for ancillary opportunities. The Fund's goal is to create an ecosystem among portfolio investments that will help fuel growth and innovation in the cannabis industry. Visit: www.greenacrecapital.ca

Contacts                             

Matt Shalhoub                                                          Tyler Stuart
mshalhoub@greenacrecapital.ca                              tstuart@greenacrecapital.ca

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