Eco Equity has announced the launch of JPD Capital, an exclusive medicinal cannabis fund, in London.
In a press release on Wednesday, the firm said the fund will aim to invest in entities concerned with multiple areas of the medicinal cannabis industry including greenhouses, cultivation, agricultural suppliers and distribution firms.
The fund has already invested in projects in Zimbabwe and Antigua through Eco Equity in the past year, with foundations already built and cannabis cultivation set to begin in the second quarter of 2020. Eco Equity has also acquired one of five licences to cultivate cannabis for medicinal purposes in Zimbabwe.
Additionally, Eco Equity was approved for a medicinal cannabis dispensary licence in Antigua & Barbuda in November 2019, which includes the ability to manufacture products as well as supply, store, import and export them for medicinal purposes and scientific use in the country.
A luxury and dispensary chain are also set to be created in the Caribbean over the coming months as JPD Capital invests and diversifies its portfolio.
“I am delighted to be launching our medicinal cannabis fund in the UK. The success of our pharmaceutical arm Eco Equity over the past 18 months shows there is appetite for investment in the industry.”, said JPD Capital founder and Eco Equity chief executive Jon-Paul Doran.
“The cannabis market is the fastest-growing market of 2019, proving its unstoppable growth and obvious attraction for investors. We want our investors to feel confident and we want our investors to see returns, as well as achieving our main aim of finding alternative and natural treatments for life-threatening illnesses”, he added.
The fund has a minimum investment of £25,000 and is domiciled in Guernsey with marketing offices in London.