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Poseidon Asset Management
Poseidon was founded by siblings Emily and Morgan Paxhia in 2013 and runs dedicated cannabis investment funds. The team focuses on a diversified strategy...
Poseidon Asset Management
Poseidon was founded by siblings Emily and Morgan Paxhia in 2013 and runs dedicated cannabis investment funds. The team focuses on a diversified strategy across company stages and industry subsectors and the capital spectrum. As a first mover in cannabis investing, Poseidon has built industry access and proprietary deal flow through due diligence, capital deployment, and board service.
General information
Firm type
Private Equity
Year founded
2014
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Morgan Paxhia
Managing Partner and co-founder
Emily Paxhia
Managing Partner and co-founder
Patrick Rea
Managing Director
Colin Ferrian
Portfolio Manager
Sector focus
Frequently asked questions
What does Poseidon Asset Management invest in?
The firm invests solely in the marijuana and hemp sectors. Its website states it has focused on cannabis since its 2014 founding. Poseidon targets early-stage companies including seed, start-up, and early-stage rounds. The mandate covers both plant-touching businesses and ancillary service and technology companies across the cannabis supply chain.
Is Poseidon structured as a hedge fund or a private equity firm?
Poseidon describes itself on its own website as a 'pioneer cannabis hedge fund' but is classified internally within Altss research as a private equity firm. The distinction matters because many cannabis funds use a hedge fund structure to hold public equities like Canadian licensed producers, while Poseidon's focus on early-stage private companies aligns it more closely with venture capital. The firm has not publicly clarified its exact legal structure.
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