Denver-based First Capital Ventures is the General Partner and Fund Manager of Viridis Fund I (the Fund), a cannabis opportunity investment vehicle capitalizing on the exploding legal cannabis market – the fastest growing industry in America (Source: The ArcView Group via The Huffington Post). The Fund seeks to leverage one of the cannabis industry’s key challenges: access to capital for its early and mid-stage growth companies, including the inability to finance real estate, equipment and operations via traditional channels (i.e., banks). With few options available, these high cashflow businesses often pay rates significantly above market to secure financing.
The Fund seeks to capitalize on this opportunity by funding only the most elite cannabis projects and mitigating downside risk by, whenever possible, collateralizing its investment with real estate, equipment or other assets. The Fund further benefits from the proven financial leadership and business support services of First Capital Ventures and affiliate First Capital Growth Partners.