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Poseidon Featured in Elle

Poseidon in French Elle

Elle France recently wrote an article on the female titans of the cannabis industry, and featured Poseidon founder and Managing Director, Emily Paxhia. The article, entitled "Les reines du reportage cannabusiness" describes the rise of the industry and how refreshing and interesting it is that so many women have become icons and leaders in it. 

Though the article is in French, feel free to download and read a copy here

 

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Poseidon Wins Best Alternative Investment Award

Poseidon Alternative Investment Award 2017

Award season continues with Poseidon winning the Best Agri-Business Investment Manager 2017 - California & Best Agricultural Hedge Fund (Since Inception) from Wealth and Finance International. The award is based purely on merit and performance. 

Wealth and Finance International describes the category and award: "Previously an undervalued industry, the alternative investment category has grown immensely over the past few years. Behind the ever-growing success are the leading lights whose innovation, dedication and inventive ways has seen them accomplish some remarkable results.

"Now in its fourth year, the 2017 Alternative Investment Awards cast a light on the individuals, firms and departments from across all sectors that have played a part in shaping this dynamic and imitable industry."

 

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Poseidon Wins Top Performing Hedge Fund Award

Barclay Hedge has awarded our hedge fund, Demeter Capital Group, the Top Performing Hedge Fund Award for the last 3 years running. Looking at how our compounded annual returns compared with other funds, Demeter outperformed all the competition.

From Barclay Hedge: 

"We are pleased to announce that Poseidon Asset Management LLC has been featured in the quarterly publication, Barclay Managed Funds Report (BMFR)Demeter Capital Group LP has ranked # 1 in the Sector - Other - Past Three Years category for 4th Quarter, 2016."

See the current multi-year rankings for the top performing managed futures programs, and three-year rankings on the top performing hedge funds across 21 different sectors.

An interview and profile of Poseidon also appeared in trad pub, Opalesque recently. Check it out here. 

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Business Insider Quotes Poseidon in Reaction to Sessions' Appointment

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Business Insider Quotes Poseidon in Reaction to Sessions' Appointment

As the new head of the Justice Department, Attorney General Jeff Sessions will have sweeping power over how the federal government approaches marijuana during the new administration. Looking to judge how the industry has reacted to his appointment, Business Insider interviewed several industry leaders, including Poseidon Managing Director, Morgan Paxhia. 

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Poseidon Wins International Acclaim in 2017 Hedge Fund Awards

Despite challenges and uncertainty in international financial markets over the past 12 months, a select few hedge funds excelled in providing strong returns and quality investor support. Corporate finance publisher, Acquisition International celebrated the very best this month, including a few special honors for Poseidon Asset Management.

Poseidon brought home two awards for 2017 - one for the Most Pioneering Hedge Fund Manager, and one for Best Emerging Agricultural Hedge Fund

Discussing the awards, Coordinator Peter Rujgev commented: “It has been a true honour to be able to showcase the hard work and commitment of every one of my deserving winners. This programme has been going on for five years now, and during that time we have highlighted some of the industry’s greats. I hope all of my award winners have the very best of luck going forward, and I will be watching their future endeavours with great interest.”

Read more about the award winners here

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Investment Trade, Opalesque Interviews Poseidon

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Investment Trade, Opalesque Interviews Poseidon

Poseidon’s involvement with the fastest growing industry in America has been turning heads since inception in 2014. Now, with legalization sweeping across the country, and expected market size going to $20bn by 2020, the alternative investment sector publication, Opalesque published an interview with our upper management. 

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Industry Turns to Poseidon for Reactions in Wake of Election

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Industry Turns to Poseidon for Reactions in Wake of Election

The U.S. election brought a variety of reactions to the American public, but within the cannabis community, smiles reigned on November 9th. Voters within seven additional states legalized adult use of medical marijuana, and market leaders are now anticipating a surge in capital opportunities. Poseidon Asset Management spoke with Marijuana Business Daily recently about the potential the future holds.

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Business Insider Profiles Poseidon

Business Insider spoke with Emily and Morgan Paxhia recently in a profile Poseidon Asset Management. 

The story begins with the duo's family history, when a nurse suggested cannabis for palliative care with their cancer-stricken father. Coming from a medical professional, the suggestion struck them, and started their separate journeys toward understanding the plant not so much as a recreational substance, but as medicine. 

Fast forward a decade and a half to when Morgan and Emily both happened to re-locate to the West Coast for separate professional reasons. Wanting to begin a new venture and having the foresight to see the changing legal perspective on marijuana, they knew it was time to begin one of the first (and earliest founded) cannabis investment funds in existence. 

For a more detailed (and eloquent) telling of their story, check out the original article in Business Insider. 

 

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Poseidon Founder Selected to Speak on NPR Forum

Poseidon Managing Director Emily Paxhia was called on to take part in a discussion on the evolution of the cannabis industry with other luminaries on NPR affiliate station, KQED. 

“Cannabis industry research firms predict that if legalized, California’s marijuana industry will grow to nearly six and a half billion dollars by 2020,” they begin, and launch into the frenzied interest in the industry by Silicon Valley VCs, scrappy startups, and existing businesses. How will all be affected? The forum discusses the likely winners and losers, how the election could change California’s economic landscape, and the challenges of regulating an adult use market.

Stream the show on KQED. 

 

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Tech Crunch Features Poseidon

Tech Crunch recently quoted Poseidon regarding raising money for start ups in the cannabis industry. 

“The average seed round in the nascent cannabis industry in the U.S. hovers around $1 million, according to hemp and cannabis-focused investment research by Poseidon Asset Management,” they write. “But Denver-based Baker Technologies Inc. has raised $1.6 million in seed funding for software that helps marijuana dispensaries win new customers, eliminate long lines in stores, and retain and reward their best customers for loyalty.”

For those unfamiliar, some of the most popular dispensaries often have long lines as a result of their superior selection of products, ranging from flowers to edibles, to concentrates like waxes and vape products. 

Baker provides the technology to not only order ahead, but also for the dispensaries to provide customer relationship management and a loyalty rewards system. 

“With dispensaries, like any other retail business, it’s all about customer count,” Poseidon Managing Director, Morgan Paxhia is quoted as saying. “Baker helps them serve a greater number of customers or patients each day, increase revenue per client visit, and develop a strong relationship with customers to increase recurring revenue.”

Baker is now operating in Washington, Oregon, Colorado and Ontario. They are soon expected to begin operations in California, Massachusetts, Arizona and Nevada. 

Read the original article here. 

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