Tribeca Investment Partners Pty, owner of the world’s best-performing hedge fund last year, has bought shares in the initial public offering of Cann Group, the only company to have a federal government license to grow marijuana in Australia.
Tribeca has also invested in two North American cannabis firms Aurora Cannabis Inc. which has a 19.9 percent stake in Cann Group and Canopy Growth Corp., which has the world’s largest pot-growing facility near Niagara Falls.
Bloomberg: Top Hedge Fund Turns to Australian Cannabis Firm for Next Bet
151 billion dollar market projected to grow rapidly for decades. 151 billion dollars is about half of all annual consumer electronics sales globally. Guess there are some more billionaires in the making.
