Arizona-primarily based Hypur Ventures announced it is rolling out a half-a-billion-dollar cannabis investment fund intended to inject even extra capital into each the marijuana and hemp sectors.

Dubbed Hypur Ventures II, the fund will concentrate partially on mergers, acquisitions and rollup possibilities but also on “seasoned operators” with nonetheless-maturing private corporations.

Person investments will variety from $1 million to $25 million and a total fund cap of $500 million, according to a news release.

“We are confident that by investing in skilled operators and corporations with powerful development and defensible enterprise models, we have an chance to unlock worth in a single of the quickest-developing industries in the planet currently,” mentioned Christopher Galvin, Hypur’s founder and managing director.

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Categories: Briefs, Marijuana Sales, Funding & Banking News, United States