Scooter Braun Invests in European Cannabis as Region Opens Up
This article is for subscribers only.
A German company has secured the largest financing round to date in Europe’s growing medical cannabis sector from a group of investors including the entertainment mogul behind names like Justin Bieber and Usher.
Berlin-based Sanity Group raised $22 million in equity from Scooter Braun’s investment fund TQ Ventures and German firm Cherry Ventures. Karan Wadhera, a managing partner at Snoop Dogg’s Casa Verde Capital, also invested personal money in the round.