MCD - Poseidon Investment Fund Ventures Into NY Market Via Start-Up PCA | Benzinga
Poseidon Investment Management will venture into the New York cannabis market via its investment in PCA (Platform Cannabis Advisors), reported MorningStar. This represents the first investment of the pioneer hedge fund in the NYC Market.
PCA was founded by Ben Sheridan and Matthew Greenberg, former employees at New York's Office of Cannabis Management (OCM). The start-up aims to support social equity license holders to overcome the financial barriers in establishing dispensaries. Sheridan and Greenberg's knowledge of the otherwise intricate regulatory system is key to their business model.