NEW YORK, June 9, 2017 /PRNewswire/ -- Canopy, a venture fund and business accelerator for companies developing ancillary products and services for the legal cannabis industry, is pleased to announce that the firm's managing directors, Micah Tapman and Patrick Rea, will present at Piper Jaffray's 37th Annual Consumer Conference. Canopy's presentation will provide lessons learned from investing millions of dollars through 70+ deals in the sector, as well as a unique perspective and unparalleled insight into this emerging and fast-growing industry.
The conference, which runs from Tuesday, June 13th through Wednesday, June 14th at The Lotte New York Palace in New York City, will focus on investment trends for consumer products. Held in one of the business capitals of the world, the 37th Annual Consumer Conference is an invite-only event that brings together key industry executives, investors and professionals in industries such as apparel, food and beverage, sustainable living, and now cannabis. It is structured to provide multiple perspectives, investigate critical trends and identify the leaders in the markets that are driving our economy.
Tapman and Rea will give a presentation entitled, "Canopy, Venture Capital for Cannabis Industry Tech" which will provide an overview of Canopy's methodology and how the firm's three years of experience investing in and working with more than 60 cannabis startups gives them a deep understanding of the industry's consumer landscape. Specific topics they will cover include investment strategies that focus on diversification and ancillary products, as well as risk mitigation strategies concerning banking, contracts and licensing, and payment processing.
"Canopy's invitation to speak at the Piper Jaffray Consumer Conference is proof that the cannabis industry is beginning to generate appeal for mainstream investors," said Rea. "Fortune 500 firms are paying more attention to what is happening in the cannabis industry, and small cannabis companies are starting to scale up. With the cannabis industry expanding at such a rapid rate, we have noticed that much of this expansion is being driven by the wide ecosystem of ancillary businesses that we've invested in."
About Canopy
Canopy is a venture fund and business accelerator investing in ancillary products and services for the legal cannabis industry. With over 70 deals in the last three years, Canopy is the most active investment firm in the legal cannabis market. Portfolio investments include industry leaders like BDS Analytics and Wurk, and collectively the fund's portfolio companies have raised well over $20 million since 2015. Investors from around the world rely on Canopy to provide outstanding investment opportunities within the legal cannabis sector. For more information, please visit www.canopyboulder.com.
About The Arcview Group
Founded in 2010, The Arcview Group is responsible for a number of groundbreaking ventures in the cannabis industry. The Arcview Investor Network includes more than 600 accredited investors who have put more than $115 million behind 141 companies. Arcview Market Research produces the State of Legal Marijuana Markets report, which is the most oft-cited market data report. In 2015, Arcview became a partner in Canopy, the first seed-stage mentor-driven business accelerator. Arcview is also co-founder of Cannasure Insurance Services, the leading provider of business insurance to the cannabis industry. For more information, please visit www.arcviewgroup.com.
SOURCE Canopy