Cannabis-Focused Poseidon Bets On New Jersey, Wraps Up Investments In These Two Dispensaries
Poseidon Investment Management announced on Wednesday that it has completed two investments into two New Jersey dispensaries, BLKBRN and Dogwood Green.
Both businesses are focused on serving patients and recreational cannabis consumers when they open in 2025.
“With these two investments, we are allocating to retail in special situations, driving outsized sales with a focus on profitability, increasing the probability of success for founders, and generating faster returns for our investors,” said Poseidon managing director Patrick Rea.
Poseidon touted New Jersey as one of the “nation’s fastest-growing cannabis markets.”
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