Cannabis Investment Companies that Found Success in Europe

Eurazeo, an investment company, reported on Friday an increase in sales in the third quarter, partly thanks to the good performance of its Eurazeo Capital and Eurazeo PME funds.

From July to the end of September, Eurazeo’s “economic” revenue increased by 14% to just over €1.6 billion ($1.77 billion), the company said in a release. Economic revenue includes Eurazeo’s majority shareholdings and those in which it holds a significant, even if not a majority, interest.

Revalued net assets (NAV), a key indicator that reflects the value of the companies held in the Group’s portfolio, rose by 4.7% at the end of September compared to its level at the end of 2018.

In detail, the Eurazeo Capital fund, which invests in large companies, enjoyed a very buoyant momentum, with revenues up almost 14%, driven “by the positive trend in very diversified segments”. The group mentions, among other things, the good performance of its investments in insurance, tourist tax relief and payments, perfumes and flavours.

Eurazeo PME, another strong sector, focused on small and medium-sized companies, recorded a resurgence of activity in the third quarter and an increase in revenue of more than 7%.

Elsewhere, Eurazeo Brands, dedicated to European and American brands, benefited from “the excellent traction of all its companies” while Eurazeo Patrimoine’s real estate asset management continued to grow “on its clinical platforms and in photovoltaics, and reaps the benefits of the renovations of its hotel portfolio,” the company is pleased to report.

With regard to investment activities in the third quarter, Eurazeo claims 63 transactions, including 34 new investments and 29 reinvestments for an amount of €1.3 billion ($1.44 billion), more than double the amount invested over the same period in 2018. In addition, the group carried out 42 total and partial disposals for €600 million ($662.97 million).

In asset management, funds under management amounted to €18 billion ($19.89 billion) at the end of September, up more than 10% compared to the end of 2018, driven by the growth in assets under management on behalf of third parties, the company explains in the release.

World High Life – the investment vehicle in Europe’s cannabis market

Another company that is interested in investment and acquisitions on the European market is World High Life PLC (NEX: LIFE). WHL is an investment vehicle founded in the UK by two highly experienced North Americans, the owners of Supreme Cannabis ( TSX:FIRE) and 1933 Industries (CSE: TGIF).

World High Life plans to become the world’s dominant player in the cannabis sector and to do so the company acquires UK and European cannabis companies with huge potential.

WHL has just acquired UK’s leading CBD company Love Hemp Ltd. in a transaction involving all shares valued at 9 million GBP. Love Hemp produces a variety of CBD products such as sprays, vapes, oils, edibles, CBD-infused beverages, and cosmetics and sells its products in 1,200 UK high street stores. Additionally, they have agreements with big companies such as Boots, Tesco, Superdrug and Sainsbury’s. With Love Hemp, WHL plans to expand into other European markets, starting with Germany in 2020.

World High Life is the perfect option for investors who are shifting their attention to the CBD and cannabis market. By leveraging a single stock, investors have access to a portfolio of the top cannabis companies in Europe and the United Kingdom.

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