Salveo Capital

Illinois Gov. Bruce Rauner signed legislation Tuesday allowing the use of medical cannabis as an alternative to opioids – a development that could eventually generate hundreds of millions of dollars in additional MMJ sales.

Legal medical cannabis has come a long way since California first legalized it in 1996. Today, 23 states and the District of Columbia allow cannabis to be used medically in some form with additional states on the brink, and medical cannabis enjoys an 80% approval rating in swing states.

via The Wall Street Journal _While Salveo is looking to pursue investments in growing and distribution operations, a larger firm with a portfolio of active investments, Privateer Holdings Inc., has limited its deals in the U.S. to ancillary businesses in the marijuana industry..._ http://www.wsj.c

Marijuana technology firm Fyllo, a Salveo Capital portfolio company, is moving its headquarters to the The Old Post Office, after recently raising $30 million to fund its rapid growth. Investors in the company include JW Asset Management, Sol Global, Salveo Capital, Entourage Effect Capital, the Lurie family and the Steinbrenner family, which owns the New York Yankees. Fyllo’s move to one of Chicago’s largest office buildings comes less than two years after founders Chad Bronstein, Aristotle Lou

Treez, a Salveo Capital portfolio company and enterprise cloud commerce platform built to serve cannabis retailers, raised a $51 million Series C in May. Now, at the end of 2022, CEO John Yang reconnected to talk about how the company has put its funding to work by empowering the industry’s retailers with new products.

Michael Gruber is a Managing Partner. Mr. Gruber has close to 30 years of experience working with early stage investments, particularly in the information technology, financial services, energy, and agriculture sectors. Mr. Gruber is a founding Partner of Independence Equity, a committed venture capital fund focused on investments focused on improving resource utilization, with key areas of interest including: water; energy efficiency; material science; and agriculture. Mr. Gruber had served as