Greencare Capital trust, which focuses on investing in medical cannabis, CBD and related areas, has said it plans to change its name and investing strategy to pivot away from marijuana.
The £3.7m trust, which would be renamed MaxRS Ventures, would now focus on private equity style investing in technology driven businesses. Four sectors have been identified as areas for investment already: Life sciences, crypto firms, impact investing (environmental and renewables) and retail. A growth incubator or pre-IPO investment philosophy would be adopted, seeking out early stage or undervalued later stage businesses to acquire and later sell through the public markets, with a focus on Europe. The trust said the decision had been made due to the cannabis sector continuing to ...
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