Everything Emily Paxia said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Paxia: Outdoor greenhouses are the most viable route for California cannabis
“The greenhouses that are going to be going crazy in California, and just because that is a more viable route for these massive grows to go in the future, outdoor greenhouse, I really think, is the way”
Paxia: Banks and credit card processors routinely drop cannabis businesses
“The issue is that we're still, you know, the banks are still dropping businesses left and right. Credit card processing companies drop them left and right.”
Paxia: Poseidon generated 40% to 44% IRR over its first 3.5 years
“No, I mean, we've been running at more of a 40 to 44%. ... Three and a half years, yeah.”
Paxia: Founders hold 10% of Poseidon Asset Management's fund capital
“Right as it stands, I believe we're at a still at about 10% of the capital of that fund, but that's also through the growth of our fund, so.”
Paxia: Poseidon Asset Management nears $25M final close for cannabis fund
“Oh, it's at about twenty million today, and we're wrapping up closing at about 25.”
Paxia: Poseidon bought out departing founder's shares in publicly traded Surna
“There were just, it was looking grim, and we were already invested in it, and Morgan came to me with the idea to buy out the founder's shares.”
Paxia: Poseidon holds 30 active portfolio companies from 40 lifetime investments
“Okay, so we've got 30 active companies in the portfolio right now. We've had over 40 in the lifetime of the portfolio.”
Paxia: Poseidon writes initial checks between $200K and $1.5 million
“If it's a very early stage company, we're probably more in the 200 to two 50,000 state initial check size now. But we're now writing more around five to one, 500 to a million, a 1,000,005.”
Paxia: Poseidon backed Flow Kana to build Northern California processing center
“We just did this investment with them both into the company and the real estate, and it's going to be one of the largest processing centers in Northern California.”
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