WESTBOROUGH, Mass.--(BUSINESS WIRE)--Cannapreneur Partners, a leading cannabis investment firm specializing in early-stage startups, announced that Kevin Harrington -- an original “Shark” on ABC’s Shark Tank, creator of the infomercial As Seen on TV brand and prominent business executive -- will serve as a strategic advisor and brand ambassador for the firm and its portfolio companies. Harrington, who recently made a personal investment in Cannapreneur Partners, will also offer his expertise at the firm’s upcoming webinars and live events focused on early-stage startups in the cannabis sector.
At a time when global cannabis sales are projected to be $75 billion annually by 2030 -- nearly a six-fold increase over the numbers recorded for 2018 -- Harrington has invested in a number of cannabis consumer packaged goods (CPG) businesses in the past year. Throughout his career, Kevin’s work behind-the-scenes of business ventures has produced more than $5 billion in global sales, the launch of more than 500 products and the making dozens of millionaires. Harrington has been responsible for the launch of more than 20 businesses that have each topped $100 million in revenue. He has also been involved with iconic brands and celebrities such as Jack Lalanne, Tony Little, George Foreman and Kim Kardashian, among others.
“We’re thrilled to have one of the most successful entrepreneurs, who has a track-record of excellence that spans 40 years, bring his expertise to our firm and portfolio companies,” said Michael Scott, co-CEO of Cannapreneur Partners. “We are confident that Kevin’s role as a strategic advisor and brand ambassador, along with his hands-on experience running companies at every stage of growth, will only accelerate our growth and successes.”
“Kevin’s support and recent investment in Cannapreneur Partners is not only a tremendous vote of confidence in our firm, team and years of hard work, but it also sends a powerful signal to investors that the cannabis industry’s next phase of growth is here,” said Todd Sullivan, co-CEO of Cannapreneur Partners. “As we continue to uncover and strategically grow our next class of inventive entrepreneurs, we look forward to working with him to enrich our firm, drive returns for our investors and responsibly grow the cannabis industry.”
The executive team, who makeup Cannapreneur Partners, has already raised and deployed more than $80M in the cannabis space through various ventures. The firm has stakes in a wide range of cannabis consumer and technology companies including: anna, the first AI-powered self-checkout solution designed to meet the specific needs of cannabis retailers; Nature’s Remedy, a retail storefront in Mass. focused on redefining the cannabis industry; GroIQ, a robust seed-to-sale software that helps producers lower operating costs while improving strain quality and consistency; and others.
About Cannapreneur Partners
Headquartered in Westborough, Mass., Cannapreneur Partners (Cannapreneur) is a cannabis holding company with a team of excellence-driven professionals that have the passion and drive to help entrepreneurs attain success while guiding investors to make more educated decisions and thoughtfully place capital in the cannabis space. Cannapreneur Partners has extensive experience in dealing with early stage cannabis startups and can be a valuable resource for large and small private investors, family offices, and private equity groups. A core investment thesis of Cannapreneur focuses on retail dispensaries and enhancing the consumer buying experience. For more information, visit https://cannapreneurpartners.com/.