Measure 8 Venture Partners LP is aiming to raise $100 million for the hedge fund, which will go live on June 1, and is also in the midst of raising $200 million for a new venture fund. He’s the chairman and largest shareholder of Curaleaf, the biggest U.S. cannabis company by market value, and chief investment officer of Measure 8’s existing venture fund. Six-fold gain Measure 8 plans to close its existing venture fund soon, as it turns its attention to the hedge fund and the new venture fund, which it aims to launch before the end of 2019, said marketing director Kevin Gahwyler. Thematically, Ort intends to short Canadian cannabis producers while going long companies with U.S. exposure. Short challenge It’s not easy to short cannabis stocks, as many have a small public float and aren’t readily available to borrow.

Source: thestar May 08, 2019 16:41 UTC