Justin Bieber’s manager Scooter Braun pumps $22m into German start-up

Justin Bieber’s manager Scooter Braun pumps m into German start-up

Pop sensation Justin Bieber’s manager Scooter Braun has invested $22m in a German medicinal cannabis company, in the latest sign that the European sector is opening up. Berlin-based Sanity Group raised the cash in equity from 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. Sanity Group is currently active in Germany with medical cannabis company Sanatio Pharma and wellness brand VAAY.  “Our aim is to become number one in Europe, a market that some believe could surpass North America in…

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Source : CANNANNEW REPORT
Link to original : Justin Bieber’s manager Scooter Braun pumps m into German start-up
reposted by Cannabis News World

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