Cannabis Entrepreneur Chairs New $30 Million Cannabis Fund
Boaz Wachtel is the co-founder of liberal political party Ale Yarok (Green Leaf) and of agtech companies Roots and Creso Pharma
For daily updates, subscribe to our newsletter by clicking here.Wachtel is the co-founder of Israeli liberal political party Ale Yarok (Green Leaf), whose main objective is the legalization of cannabis. He is also the co-founder of Sidney-listed agtech companies Sustainable Agricultural Technologies Ltd. and Creso Pharma Ltd., and of Australian cannabis investment company MMJ Phyto Tech Ltd.
The U.S. and Canadian markets are already saturated, but Europe has great potential, Wachtel told Calcalist in a recent interview. The fund is also looking to invest in companies that already operate in a friendly regulatory environment, he added.
Greenfield Venture Capital is hoping institutional investors will hop on the cannabis wagon. "We can see that investors are looking for reliable partners and funds in the sector," Wachtel said. There's a scarcity of such players in the industry, he said, especially in Israel, and Greenfield Venture Capital "wants to be the platform to give institutional investors confidence."