Ireland’s first ever private equity medical cannabis fund has been established.
The new enterprise has been arrange by Crossroads Capital Management Limited (CCM) and Óskare Capital SAS.
The various funding fund is now to be marketed to qualifying traders around the globe.
Óskare Capital is a French funding advisor that specialises in private equity, enterprise capital, cannabis, and medical and bio know-how associated merchandise and techniques.
Dublin primarily based CCM offers funding administration providers.
CCM and Óskare Capital have been suggested on the transaction by Eversheds Sutherland’s cannabis trade crew.
“Our cross-practice cannabis industry team was formed primarily to help our clients navigate the regulatory uncertainty in this rapidly growing industry,” mentioned Deborah Hutton, Partner and Head of Asset Management and Regulatory crew at Eversheds Sutherland’s Dublin workplace.
“With our ever-increasing industry and regulatory knowledge, we were delighted to provide comprehensive guidance and our insights throughout the formation of this unique fund, intended to deliver wide-reaching benefits for its stakeholders.”
According to the legislation agency, the medical cannabis space is now an rising trade and international asset class.
But data and understanding of the authorized and cross-jurisdictional complexities is evolving.