HV Holtzbrinck Ventures, Calyx Lead Sanity Group Series A
Calyx, a European Cannabis-focused investment fund and HV Holtzbrinck Ventures, one of Germany’s largest venture capital investors, have lead a $22mn Series A funding round in Sanity Group, a holding company dedicated to the research, development and licensed distribution of cannabis-based drugs and medically related products. Among the participants are also Karan Wadhera (managing partner at Casa Verde), Scooter Braun’s investment fund TQ Ventures and Berlin-based Cherry Ventures. This investment represents the largest cannabis financing round in Europe to date.
“Sanity Group has quickly established itself at the forefront of innovation in Germany, the fastest-growing cannabis market in Europe,” says Karan Wadhera, Managing Partner, Casa Verde Capital. “With a strong penetration into pharmacies across Germany, a multitude of THC and CBD formulations serving the medical cannabis segment, an array of well-being products already in market, and an assembled team of world-class scientific and operational experts, we believe the company is well-positioned to become a global leader in both the medical cannabis and wellness categories.”
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