NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Kodiak Capital is pleased to announce a strategic partnership with Solutioneer, Jim Fitzpatrick, to lead Kodiak Capital’s efforts in the cannabis industry, leveraging Kodiak Capital’s history of industry success. Kodiak Capital has committed over $25 million into almost two dozen transactions since 2011.
Fitzpatrick will join Kodiak Capital’s Advisory Board with goals of raising funds to target the cannabis industry and to identify Cannabis investment opportunities that fit Kodiak’s specific investment profile.
“We are excited to join forces with Jim Fitzpatrick. Kodiak is proud of our successful industry investments and we are confident Fitzpatrick will accelerate our leadership role in providing strategic growth capital to the emerging cannabis industry,” says Ryan Hodson, Kodiak Capital Portfolio Manager.
Fitzpatrick comes with a book of business, industry relationships and plans to have several investment deals announced in the next 90 days.
Fitzpatrick stated, “The opportunity to partner with the experienced team at Kodiak will accelerate the industry’s access to capital and institutional support as companies operationalize rapid growth. This is the right opportunity at the right time for this emerging marketplace. I will leverage my Policy Making, my Land Use Expertise coupled with business acumen to make Kodiak Capital the go to industry partner.”
Kodiak Capital and Jim Fitzpatrick will be making additional announcements regarding upcoming investments, projects and events the team will be working on.
Here’s what the industry is saying about Kodiak Capital: "We very carefully selected our partner in this financing, and after talking with multiple investors interested in our company, we selected the investor willing to invest in our company's fundamentals and bet on the future success of our operations. We believe the terms of the financing reflect this, by allowing us to confidently predict and control the number of shares issuable to the investor. Unlike many investors, our investor was willing to negotiate and agree on terms that will support our efforts to provide value to our stockholders."
About Kodiak Capital
Kodiak Capital Group, LLC, founded in 2009, is an operationally driven private equity firm that partners with management to make non-control equity investments in lower middle market businesses. Kodiak pursues niche-market leaders that provide high-margin products or services. Kodiak transactions typically provide liquidity to shareholders, facilitate transition of ownership to key managers, and allow management to capitalize on growth opportunities while maintaining the legacy of the founders. Kodiak has focused consistently on the lower-middle market and generated superior returns for its partners. Kodiak is currently investing in new platforms through a multitude of innovative financing solutions.
About Jim Fitzpatrick
Jim has developed a unique blend of business acumen coupled with strong public policy making. Jim has leveraged his Land Use Subject Matter Expertise to help Costa Mesa draft what is widely considered a best of breed local Cannabis Ordinance.
Jim came to California working with Johnson & Johnson, a Consumer Products division of Big Pharma. He was responsible for getting Southern California ready for the regulatory change of making billion dollar prescription drugs available Over-The-Counter. He has secured $8M CapEx as an international business executive to accelerate growth in Japan, then flexed entrepreneurial muscle to build the largest chain of Eco Car Washes in Southern California.
Jim is an entrepreneurial, competitive, executive-level professional with strong management skills. He has experience in building sustainable operational processes, generating incremental revenue; and a track record of consistent achievement domestically and internationally. He possesses a unique blend of technical expertise, business acumen, persuasive communication as well as a clear cross-functional understanding of what it takes to execute. He is skilled in complex, long cycle, high-ticket sales of innovative solutions. He is a thought leader with the ability to gain consensus and move projects forward to conclusion and implementation. He is skilled at interfacing with government, has a track record of success interfacing with “C” Suite, and is comfortable in a Boardroom.
