Tokyo Smoke Announces Merger & Strategic Investment

Tokyo Smoke announces merger with DOJA and strategic investment from Aphria to create a leading lifestyle brand and retail-focused cannabis company.

Salveo Portfolio Company Front Range Raises $3MM For Expansion

Salveo Capital's portfolio company Front Range Biosciences raises an additional $3MM for expansion of their tissue culture propagation capabilities, and entering into the California market.

'Cannabusiness entrepreneurs' take over South Loop hotel

“It’s a much more serious,” said Alex Thiersch, whose Salveo Capital was among the exhibitors. He described the atmosphere as “button down” and said more “sophisticated” entrepreneurs are getting into the game.

Cannabis Investors Growing Faster Than The Deals

Thirsch said, “I have no doubt we’ll hit that in a short time frame and I anticipate we’ll form a second and third fund.” Thirsch said he hasn’t had to do a lot of selling to find investors because “investors want to get in, but they aren’t sure how to do it.”

Asset manager sees gold in grass; starts PE cannabis fund

As marijuana becomes legalized in various parts of the country, investors and asset managers are grappling with the best way to make some money off the trend.

The latest, and perhaps most aggressive, effort is a new private-equity fund from Salveo Capital that will invest along the entire marijuana supply-and-distribution chain, including the businesses that physically handle the product.

Salveo Capital To Fill Funding Gap In Illinois Marijuana Industry

Alex Thiersch recently announced the launch of Chicago-based Salveo Capital and is aiming to raise up to $25 million. He says he expects to have raised $10 million in the next month and an additional $5 million to $15 million within three months.

Salveo Capital Welcomes Research Into The Effectiveness Of Medical Marijuana

"There are some snake-oil salesmen out there, but in some respects that's going to happen in any industry," said Alex Thiersch, managing principal of Chicago-based Salveo Capital, which invests in the medical marijuana industry. "We need to figure out what marijuana does. You talk to cancer patients, for instance, and from a medical standpoint, it appears to work. But why does it work? You talk to pharmaceutical companies and they've been doing research on their drugs for years. And we need that kind of work on marijuana."

Investors See Potential Opportunity in Marijuana Reform Bill

"This is very, very encouraging," said Alex Thiersch, a managing partner at Salveo Capital, a Chicago firm in the process of raising a potential $25 million fund to invest in marijuana businesses. "This opens many, many doors for us to pursue opportunities."

Investors See Potential Opportunity in Marijuana Reform Bill

While Salveo is looking to pursue investments in growing and distribution operations, a larger firm with a portfolio of active investments, Privateer Holdings Inc., has limited its deals in the U.S. to ancillary businesses in the marijuana industry...

Salveo Capital Formed To Fund Illinois Marijuana Industry

It’s unlikely Cresco, In Grown and Ieso are the only businesses looking for new financing for medical pot in Illinois. Chicago-based Salveo Capital is looking to cash in on that need. It has formed a private equity fund offering to help bankroll licensed marijuana businesses.

Salveo Capital Seeks Up to $25M to Invest in Legalized Marijuana

Salveo Fund I will look to invest in firms that cultivate marijuana, like indoor farms, Thiersch said. The pool will also seek to invest in dispensaries, as well as ancillary products like software technology and security. Investments will range from $3 million to $5 million equity per deal, he said.

Salveo Capital: Investing In People, Ideas, And Cannabis

He's someone who sees this industry for what it is, a unique opportunity, and he’s right on track with being part of history in the making. Alex Thiersch of Salveo Capital is here to give us his insight on the industry, what it takes to succeed in the space, why you’ll never catch him ‘shutting down’ a company due to failure, why he advises entrepreneurs to make two business plans.

Salveo Health & Wellness Not Out of the Cannabis Game Yet

Though not awarded an Illinois license, Salveo Health & Wellness announces the establishment of a private equity fund to invest in, develop, and strengthen the marijuana industry in Illinois and the United States...