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Wachtel is the co-founder of Israeli liberal political celebration Ale Yarok (Green Leaf), whose most important objective is the legalization of cannabis. He is also the co-founder of Sidney-listed agtech businesses Sustainable Agricultural Technologies Ltd. and Creso Pharma Ltd., and of Australian cannabis investment firm MMJ Phyto Tech Ltd.
The U.S. and Canadian markets are currently saturated, but Europe has wonderful prospective, Wachtel told Calcalist in a current interview. The fund is also searching to invest in businesses that currently operate in a friendly regulatory atmosphere, he added.
Greenfield Venture Capital is hoping institutional investors will hop on the cannabis wagon. “We can see that investors are searching for dependable partners and funds in the sector,” Wachtel mentioned. There is a scarcity of such players in the sector, he mentioned, specifically in Israel, and Greenfield Venture Capital “desires to be the platform to give institutional investors self-assurance.”