We Believe The Valuation Of This Round Has Been Made More Attractive To Investors Due To Recent Legislative Changes In California, Washington State And New Mexico. Morgan And Emily Paxhia, Founding Partners Of Poseidon Asset Management Said, We Have Been Deeply Involved In Making Strategic Cannabis Investments In Preparation For Such Milestones As The Medical Marijuana Regulation And Safety Act Of 2015 And Believe The Best Returns On Investment Will Be Those Companies That Are Best Positioned In Advance Of Such Enactment Steep Hill Is One Of Those Companies. Jmichaele Keller, Delft Blue Horizons Managing Director Commented, We Were Fortunate To Learn About Steep Hill At The Arcview Investors Conference In April, And Our Relationship Has Only Deepened Over The Last Several Months As The Opportunities For Testing Have Exploded.
Steep Hill believes the addition of strategic, institutional investors and the capital raised in the current offering position Steep Hill well to capitalize on the increase in sample volumes that are expected to result from the recently adopted Medical Marijuana Regulation and Safety Act of 2015 in California. That Act, when implemented, will establish a robust regulatory program in California […]