Poseidon Investment Fund Ventures Into NY Market Via Start-Up PCA
Portfolio Pulse from Rolando García
Poseidon Investment Management enters the New York cannabis market through an investment in PCA (Platform Cannabis Advisors), a startup aimed at supporting social equity license holders in establishing dispensaries. PCA, founded by former New York's Office of Cannabis Management employees Ben Sheridan and Matthew Greenberg, leverages their regulatory knowledge to navigate financial and legal challenges. The investment marks Poseidon's first venture into the NYC market, highlighting its strategy to support the cannabis industry's growth. McDonald's (NYSE: MCD) is mentioned as a comparison to PCA's business model.
April 04, 2024 | 10:00 pm
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McDonald's (NYSE: MCD) is mentioned in the context of PCA's business model, likening PCA's real estate-centric approach to that of McDonald's.
The mention of McDonald's (MCD) in the article is more of a comparative analysis rather than a direct impact on its business operations or financial performance. The comparison is used to illustrate PCA's business strategy, which may not have a direct short-term impact on McDonald's stock price.
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