Family offices around the world are fueling the growth of the cannabis industry and this trend is likely to continue in the coming years. Oftentimes, single and multi-family offices seek opportunities to invest in new, upcoming markets that can offer outsized returns. To showcase this, FINTRX has outlined three family offices that have previously invested in the cannabis industry.
1. Sayano Family Office
Founded in 2017, the Sayano Family Office is a Zug, Switzerland-based single family office with an industry wealth origin in real estate and entrepreneurship. In May 2019, Sayano invested in a Berlin-based cannabis startup called CanPharma.
2. Apeiron Investment Group (Christian Angermayer Family Office)
Apeiron Investment Group is a Malta-based single-family office managing the wealth of Christian Angermayer. Angermayer made his fortune as a serial entrepreneur and private investor. In 1999, Mr. Angermayer dropped out of college and co-founded a biotech company that eventually became Alnylam Pharmaceuticals. Today, Apeiron focuses on investing in companies in Germany and Africa that reside in the following industries: cannabis, financial services, FinTech, technology, eCommerce, aerospace, life sciences, media, real estate, and natural resources. For instance, in May 2021, Apeiron Investment Group directly invested in CB Therapeutics, an innovative producer of high-value molecules, compounds, and rare ingredients from simple feedstock using many types of hosts and systems, including yeast, bacteria, and cell-free expression systems. CB Therapeutics focuses on the discovery, research, development, and production of tryptamines, cannabinoids, and other molecules to advance neuroscience and bring therapeutics to market to solve some of the most challenging mental healthcare and social problems. Apeiron also serves as an advisor to international investors looking to invest in Africa and Germany. The firm will co-invest alongside other LPs and has an additional office in the UK.
3. Serruya Family Office
Serruya Private Equity is an Ontario-based single-family office with an industry wealth origin in consumer packaged goods through founding one of the largest North American frozen dessert manufacturers, Yogen Fruz. Serruya has been very active in the cannabis sector, making several investments in the space.