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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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CNBC Quotes Poseidon on Florida Medical Cannabis Law

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CNBC Quotes Poseidon on Florida Medical Cannabis Law

Half a dozen companies were permitted to grow medical cannabis in Florida, but as of last Thursday, only one was allowed to dispense it. Could this be the golden opportunity Florida cannabis investors have been waiting for, or will further legal entanglements hamstring the southern state?  CNBC reported on the matter earlier this week and called on Poseidon Asset Management for comment. 

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Poseidon Founder Appears in Business Insider

As the legal cannabis market expands, the noise of opinions both informed and ignorant grows louder. It's refreshing to hear from the few that have been in the industry long enough to have perspective on the direction things are headed--especially when a national election draws closer each day. Poseidon co-founder Morgan Paxhia appeared in Business Insider recently echoing some of these sentiments.

The article Morgan authored, "5 Things People Still Don't Understand About the Legal Marijuana Industry," has already had over 6,200 views on the site. 

"As Americans, it is our right to vote," he writes, "which is a powerful thing, especially when driven by information. When misperceptions block the acceptance of new information, we all lose. Perceptions are a way we filter and process information in the world - sometimes they are beneficial and adaptive, while other times when it comes to misperception, it restricts openness and change."

He goes on to detail some of the most poisonous, biased, and frankly incorrect perceptions which are still held by some American citizens about the plant and its effects. Morgan details some fascinating data regarding what legalization might do to our society, how our youth might be affected, and the role hemp can play in our economy and environment. 

Well worth a read, head over to Business Insider to check out what he has to say.  

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Business Insider Quotes Poseidon on Struggle for Legalization

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Business Insider Quotes Poseidon on Struggle for Legalization

The California cannabis industry recently scored a huge victory—the feds dropped a four year legal assault on one of the most respected medical marijuana facilities in the state, Harborside Health Center. But this is just one battle won in a much larger war. Business Insider covered this latest development in the struggle, quoting Poseidon in the article. 

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