Started in 2010, The ArcView Group develops and helps fund cannabis-related groundbreaking ventures. The firm is mentioned and cited so much in the media that Benzinga decided to reach out to its CEO Troy Dayton and ask him what the company does and what makes it so special.
One of the best-known initiatives is that of the ArcView Investor Network, which includes more than 600 “high net worth, accredited investors, who all pay an annual membership fee to be part of this group,” Dayton explained.
On the other hand, the firm gets requests from (about two dozen) companies that want to present to these investors every week. Among them, ArcView picks two to four companies and puts them on a weekly webinar with its members. Following these events, investors can collaborate on due diligence, assess deals and compare them via an online deal platform.
So far, this group has funded about 135 companies in the cannabis sector, investing roughly $78 million in names including EAZE: Medical Marijuana Delivery, MJ Freeway Business Solutions, Meadow, Harborside and SPARK, among many others.
Another big product from ArcView is ArcView Market Research, one of the most cited sources in the industry, which has been publishing projections and estimates for the size of the market since 2011.
A Collective Effort
Benzinga moved on to ask Dayton about his inclusion in Forbes’ list of the 7 Most Powerful People in America’s Marijuana Industry, right by GW Pharmaceuticals PLC- ADR GWPH CEO Justin Gover and famed rapper and marijuana entrepreneur Snoop Dogg.
"It’s certainly an honor. I’ve been working on this for 21 years, for my entire adult life, and so, it feels good to be recognized for the collective impact [of] this large group of investors, as well as a staff of 15 and whatnot. It’s really a recognition of all of them; I just happen to be the representative of that," he stated.
Plays In The Sector
Looking for some derivative plays on marijuana legalization? Check out our article on why marijuana legalization in California could boost real estate big time, where you’ll find investment options like DCT Industrial Trust Inc DCT and First Industrial Realty Trust, Inc. FR.
Looking for pure plays in the sector? Check out our article on what marijuana legalization and a republican government mean for the pot industry, where expert Alan Brochstein, founding partner at New Cannabis Ventures and founder at 420 Investor, mentioned a few Canadian Licensed Producers, including AURORA CANNABIS IN COM NPV ACBFF, APHRIA INC NPV APHQF, METTRUM HEALTH COR COM NPV MQTRF, ORGANIGRAM HLDGS I COM NPV OGRMF, SUPREME PHARMACEUT COM NPV SPRWF and CANOPY GROWTH CORP COM NPV TWMJF.
Check back soon for Dayton's views on cannabis going mainstream and entering major capital markets, and his outlook for the marijuana industry under a Trump administration.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.