Story cover for Codebase ventures shifting Investment Focus to the Cannabis industry. by iecinternational
Codebase ventures shifting Investment Focus to the Cannabis industry.
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  • Reads 5
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  • Parts 1
  • Time <5 mins
Ongoing, First published May 24, 2019
Codebase ventures, the well-known investment company has recently announced that their leadership team and board of directors are currently searching for undervalued investment opportunities in the cannabis industry, with a focus on the I.T sector in the space. The company believe that this undervalued sector will be a great enhancement to their already successful blockchain and cryptocurrency technology investments.
The medical industry is not unknown territory for both the CEO George Tsafalas, and the director Brian Keane. Both board members have previously been in leadership and governance positions with Supreme Pharmaceuticals, which is now known as Supreme Cannabis Company. Codebase as a whole will see strong benefits from the experience and connections its board has from previous roles in the cannabis industry. In a note to investors CEO George Tsafalas said "As a result of our knowledge and relationships in the cannabis sector, we have identified opportunities that merit further investigation, at one end of the cannabis sector we are seeing innovative startups and at the other consolidation with bigger entities. With worldwide medical and recreational market forecasts over $120 billion by 20301, we are seeing a sector today that is in its infancy and there are investment opportunities of interest to us beyond the mainstream, in areas including information, data and technology."
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