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Private Equity

Serruya Private Equity To Invest In New Marijuana Business

by pehub.com posted 1year ago 611 views
SecureCom Mobile Inc and DFMMJ Investments Ltd, affiliates of Canadian private equity firm the Delavaco Group, have agreed to combine. The merger and related deals will result in a new business focused on the cultivation and harvesting of marijuana. It will be called Liberty Health Sciences Inc and will operate in the United States under the brand Aphria USA. Aphria Inc (TSX: APH), a Canadian cannabis producer, will invest $25 million as part of a related $60 million private placement. Canadian private equity firm Serruya Private Equity will also make a lead investment. Serruya’s Aaron Serruya is expected to join Liberty’s board, according to Aphria.