The cannabis industry is distinguished in that women hold far more leadership and executive roles as compared to corporate America. Fortune recently named some of the most powerful women in the industry today, including Poseidon founder, Emily Paxhia.
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People talk about how great it would be for cannabis to be legal for adult use in California, but only a small number of visionaries, activists, and truly serious entrepreneurs have put their support behind the most promising measure to get cannabis on the ballot this November. Sean Parker is in that select group. And so is Poseidon Asset Management.
Company valuations – what are they worth?
Not to be too glib, but at times it has seemed like founders were taking the number of Facebook likes they had and adding a few zeroes to the end. For honest investors looking to put capital to work, valuations are very important.
To that end, we also understand that judging a company's value is not easy – especially in light of the fact our industry has so much political overhang to navigate. For this reason, Poseidon Co-Founder and Managing Director, Morgan Paxhia has written a very thorough and detailed guide to valuating your business. It was recently published in Cannabis Business Times.
Whether you are in the cannabis industry or not, if you are an entrepreneur looking for funding, Morgan’s guide to valuating your business is a must read.
Read “What is Your Business Worth?” at Cannabis Business Times now.
In a recent CNN Money feature, Poseidon founder Emily Paxhia was written up for being a leading female figure in the burgeoning cannabis industry.
Much as been written about the distinctly female trend in executives leading companies in the marijuana movement, including this cover story from Newsweek in late 2015.
Some attribute it to an industry that is so new (at least in legal, above-board operations), that it is not yet affected by business’ penchant for male domination, especially at the C-Suite level.
Others have found it justifiably fitting, as the most valuable element of the marijuana plant, the buds, are only produced by female plants.
"Emily Paxhia is one of the founding partners of Poseidon Asset Management, a cannabis-focused hedge fund… that invests primarily in cannabis-related companies, like those in agtech, compliance and industrial hemp technology," the article states. "While the fund has invested in women-owned companies in the industry, it's keen to find more, she said.”
"Female founders are often quite driven and show solid rates of success among startup founders."
View the original article.
Poseidon Asset Management was featured in The Olympian and Sacramento Bee in recent articles on the rush of capital now moving to the cannabis tech sector.
The North Bay Business Journal ran an in-depth article recently on the flood on interest in the legal cannabis industry, calling on Poseidon executives for perspective.