SANTA MONICA, Calif., Aug. 25, 2016 /PRNewswire/ -- Forma Holdings, the Los Angeles and London-based cannabis company, has launched an investment vehicle, Anthos Ventures, as part of its three-division holding company, with the achievement of several investments:
- Harborside Health Centers – leading medical cannabis retail chain and operator of the world's largest and highest grossing dispensary & health center, founded by Steve DeAngelo.
- FLRish – One of the largest cannabis cultivation companies in California run by CEO Jeff Brothers.
- The ArcView Group – the industry leading research firm & angel investment network, co-founded by Troy Dayton and Steve DeAngelo.
- Indus Holdings – a leading producer & distributor of infused products in the US, co-founded by Rob Weakley.
Formed in early 2016, Forma Holding's diversified operations also include Retail and Cultivation; the acquisition and development of licensed operations in the global cannabis value chain, and Life Sciences; developing intellectual property to power the next generation of drugs based on the medical properties of cannabis.
Tarek Tabsh, Managing Partner at Anthos: "Anthos Ventures distinguishes itself from other cannabis-focused investment companies by focusing on value creation in true partnership alongside our portfolio companies, and by working for our investors on a no-fee basis. We believe Anthos' deep domain expertise, professional management and strategic capabilities, and extensive global network provide a unique proposition to the ambitious entrepreneurs we meet; and Anthos is proud to announce a no-fee fund structure which fully aligns our managing partners' incentives with our investors' goals and expectations."
Forma Holdings brings a set of skills, relationships, and a perspective on the global cannabis market that is unparalleled. The Forma management team is composed of executives with experience in groundbreaking technology businesses, top-tier management consulting firms, and blue-chip financial institutions.
The traditional business skillset is allied to a deep understanding of the cannabis market that has been developed over a decade by one of the earliest movers in the industry.
This unique blend of talents was pulled together through the Harvard University network; with three Harvard MBAs and a Harvard-educated cannabis industry pioneer, the Forma team boasts some of the most impressive resumes in the nascent cannabis industry
Leading entrepreneurs in the cannabis industry have recognized this, and regularly seek out market intelligence and strategic/operational support from Forma. Over the past year, the advisory relationship has naturally developed into an invitation for the Forma team to invest in favorable financing rounds of some of the most iconic and fastest-growing companies in the industry.
Troy Dayton, CEO of Arcview: "Anthos Ventures has been more than just a shareholder in Arcview. They have been some of our most engaged and supportive investor members of the Arcview Investor Network. Tarek serves on the Selection Committee that helps choose which companies grace the Arcview stage and then he serves regularly on our 'Shark Panels' where he asks insightful, expert questions of entrepreneurs on stage. It's an honor to be part of their portfolio of investments."
About Forma Holdings
Forma Holdings engages in building businesses in legal medical cannabis markets worldwide. It acquires medical cannabis assets across cultivation, manufacturing, and distribution in the Western United States. The company also designs research programs with academic institutions into the medical properties of cannabis to initiate clinical trials and bring new cannabinoid-based medicines to market. Forma Holdings, the Los Angeles and London-based cannabis company, was founded in 2016.
SOURCE Forma Holdings