Poseidon Investment Management, a San Francisco-based cannabis hedge fund operator, has invested in another New Jersey retailer, its third financing deal in that market since mid-December.
Poseidon Managing Director Patrick Rea confirmed to MJBizDaily the firm invested about $1 million for initial capital costs in Herb Haus, a social equity retailer in Carlstadt founded by Joe Kanegieser.
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Herb Haus, which is located near major event centers such as the Meadowlands Sports Complex and MetLife Stadium, is a recipient of the New Jersey Economic Development Authority’s Cannabis Equity Grant Program, according to a news release.
“This is an exceptional location that’s full of opportunity to introduce a very diverse set of customers visiting the Meadowlands Sports Complex to New Jersey’s finest state-legal cannabis,” Rea
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