NEW YORK--(BUSINESS WIRE)--In the release dated April 04, 2019, in the Matthew Bartlett biography, replace the second sentence with: Most recently, Bartlett served as the Vice President of Operations of Garden Society, a California based cannabis company, where he drove operational efficiencies and retains an ownership stake in the company.

The corrected release reads:

MERIDA CAPITAL PARTNERS LAUNCHES $200MM THIRD FUND; CROSSES $125MM IN ASSETS UNDER MANAGEMENT; ANNOUNCES NEW TORONTO OFFICE AND THREE KEY HIRES

Merida Capital Partners (Merida), a cannabis-focused private equity fund, has launched its $200MM third fund, which will focus on concentrated, high conviction investments in leading companies in the cannabis ecosystem. Since launching its first fund in late 2016, Merida has deployed nearly $80MM across the firm’s first two funds and now has more than $125MM under management. Though only two years old, Merida has accelerated liquidity within its portfolio of 25 investments through public listings for GrowGeneration, Vireo Health and CB2 Insights as well as leading investments in public companies KushCo Holdings and Freedom Leaf Health.

Merida also announced the expansion of its international operations, opening an office in Toronto, Canada to go with its New York flagship office and satellite offices in San Francisco and Bethesda, Maryland. In addition, the firm announced the expansion of its team with three new key hires, which brings the firm’s total employee count to 19.

Mitch Baruchowitz, Merida Capital Partners Managing Partner, commented: “As Merida transitions to our third fund, we continue to define our thesis through the depth of our information gathering and synthesis, our focus on ecosystem connectivity, portfolio company governance and identifying opportunities that offer asymmetric upside returns to our investors. Through the knowledge gained from investments made in Funds I and II, our incredible team of investment professionals will continue to implement our strategy of risk-mitigated investments in leading companies throughout the cannabis industry.”

Merida’s new hires include:

Dr. Deb Kimless, Chief Scientific Officer

Dr. Deb Kimless, an expert on cannabinoid research and cannabis-based medicines, has joined Merida as its Chief Scientific Officer, overseeing Merida’s research efforts as well as identifying opportunities in the life sciences and biotechnology verticals. Dr. Kimless is a board-certified anesthesiologist with a subspecialty in pain management and holds a B.S. in Natural Sciences and Biology from Muhlenberg College and a MD from Rutgers University.

Matthew Bartlett, West Coast Operating Partner

Matthew Bartlett recently joined Merida as its West Coast Operating Partner responsible for overseeing Merida’s portfolio of consumer products companies. Most recently, Bartlett served as the Vice President of Operations of Garden Society, a California based cannabis company, where he drove operational efficiencies and retains an ownership stake in the company. He previously managed global logistics and supply chain for Costco’s Kirkland Wine & Spirits, along with and several multi-nationally distributed Napa, Sonoma and California premium and luxury wine brands. Matt also established the Wine Division for Bank of Marin (NASDAQ: BMRC); was Vice President at American AgCredit, a part of the National Farm Credit System; and was a Vice President and Regional Manager in Capital Markets Finance for HSBC.

David Lubotta, Partner

David Lubotta has joined Merida as a Partner and will oversee Merida’s Canadian efforts from its new Toronto office. David brings 25 years of Canadian institutional finance experience to Merida, including participation in numerous financings and M&A transactions in cannabis companies such as: Green Therapeutics, Nutritional High, Green Rush, Emerald Family Farms, and Xanthic Biopharma Inc., which was recently purchased by Green Growth Brands. David holds an MBA from Northwestern Kellogg School of Management.

Danny Moses, Merida Capital Partners Investment Committee Member commented: “Having met the Merida team shortly after the launch of Fund I, I have been able to watch Merida thoughtfully navigate the challenges of the cannabis industry as both an investor and a member of Merida’s Investment Committee. The amount of research and diligence performed on both potential and current investments, including deal structure and corporate governance, is where Merida truly excels. I am excited to continue my work on the Investment Committee with the rapidly growing team as they launch Fund III.”

About Merida Capital Partners

Merida Capital Partners is a private equity firm targeting fundamental growth drivers which accelerate the rapid development of the cannabis and hemp industries. The firm’s motto, Responsible Investing in the Cannabis Ecosystem, highlights its focus on cultivation technologies, products and services associated with the evolution of cannabis and hemp as agricultural products, plant-based medicines, constituents in pharmaceutical formulations and recreational consumer products. For more information, please visit www.meridacap.com or follow us on twitter @meridacap.