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- This $1.9B Canadian IPO Could Make LA the 'Center of the Cannabis Universe'
This $1.9B Canadian IPO Could Make LA the 'Center of the Cannabis Universe'
This $1.9B Canadian IPO Could Make LA the 'Center of the Cannabis Universe'
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"[Jay Z's The Parent Company] kind of lit the fuse on what everybody expects to be a catalyst in California."
Ceres Group Holdings is becoming corporate America's biggest cannabis dealmaker out of its Century City offices. The firm will take Atlanta-based cannabis producer Parallel public in a $1.9 billion SPAC and plans on expanding it in Los Angeles. Contributor Pat Maio has the story.
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The SPAC deal comes just as Ceres is trying to ink a separate deal to raise $100 million in a private fund to make cannabis investments throughout America, with particular focus on L.A. and California-based companies. Read more>>
The Culver City-based fast casual unicorn has pledged to be carbon neutral within six years by cutting its carbon output in half. Read more>>
Santa Monica and the L.A. Cleantech Incubator launched the nation's first zero-emissions delivery zone, a project meant to encourage companies to embrace EV transportation. Read more>>
TenOneTen Ventures co-founder and managing partner David Waxman talks with L.A. Venture podcast about lessons learned building three startups, going through an IPO and dealing with a litigious board member. Read more and listen here>>
The influential Montgomery Summit, which since 2004 has been held every year at the Fairmont Miramar Hotel & Bungalows in Santa Monica, will go largely behind paywalls next week because of the coronavirus. We look at some of the major themes up for discussion. Read more >>
Our next startup pitch showcase on Thursday, March 4, 2020 at 11:00 a.m. PT will celebrate female founders. We're looking for female-founded SoCal startups in any sector. Submissions will be evaluated on a rolling basis.