Paxia: Poseidon backed Flow Kana to build Northern California processing center
Emily Paxia · 757: She Launched a $20m Cannabis VC Firm After Her Parents Passed Away · Aug 20, 2017 · at 17:44
Emily Paxia is the co-founder and managing partner of Poseidon Asset Management, a venture capital firm investing in the legal cannabis industry.
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“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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More from Emily Paxia
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.”