Northern Swan Raises $58 Million to Expand Latin American and European Cannabis Operations

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Northern Swan Completes $58MM Series D Financing

New Funding to Support Expansion of Cannabis Operations and Investments in Latin America and Europe

NEW YORK, April 10, 2019 (GLOBE NEWSWIRE) — Northern Swan Holdings, Inc. (“Northern Swan” or “the Company”), an investment firm focused on making transformative investments in the international cannabis industry, announced today the successful completion of a USD$58 million Series D financing, bringing the total amount of capital raised to date to USD$96 million. The oversubscribed round, which represents the largest capital raise to date for a Latin American-focused cannabis operation, was led by leading global institutional investors with a demonstrated track record in the industry.

The closing of our Series D round validates our investment thesis, providing the capital necessary to fund rapid expansion and to capitalize on our key competitive advantages as a first-mover in the global medical cannabis market. Federally compliant in all jurisdictions in which we operate, Northern Swan is well-positioned to expand and diversify our cultivation assets as well as accelerate our mission to revolutionize the trade flows in the global medical cannabis industry.

Kyle Detwiler, CEO of Northern Swan

Northern Swan will use the new funds to expand its existing Latin American operations, to invest in new low-cost, large-scale cannabis cultivation and processing centers and to build out distribution channels and brands in Europe, Latin America and North America. Northern Swan has invested in several companies spanning the global cannabis value chain including Clever Leaves, a leading vertically integrated licensed producer of medical cannabis in Colombia, Cansativa GmbH, a German cannabis distribution company and Lift & Co., a Canadian marketing and data company.

Cowen served as exclusive placement agent for the financing.

About Northern Swan

Northern Swan is an investment firm focused on transformative investments in the international cannabis industry in geographies where it is federally legal. With offices in New York, Toronto, Bogota, and Frankfurt, Northern Swan invests in and assists emerging companies in developing low-cost production capacity and distribution capabilities to improve distribution globally and generate brand value. Prior to founding Northern Swan, its management team has collectively invested in excess of $3 billion of capital at Blackstone, KKR, and Och-Ziff.

Original press release

Published by NCV Newswire
NCV Newswire
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