Home
Loading

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

Get in touch

  • Contact

  • Request a demo

  • Request data updates

  • Add a company

Research

  • Companies

  • Investors

  • People

aVenture

  • Sitemap

  • Feature requests

Member

Backed by

© aVenture Investment Company, 2026. All rights reserved.

San Francisco, CA, USA

Privacy Policy

aVenture Investment Company ("aVenture") is an independent research platform providing detailed analysis and data on startups, venture capital investments, and key industry individuals. It is not a registered investment adviser, broker-dealer, or investment advisor and does not provide investment advice or recommendations. The data provided by aVenture does not constitute recommendations or advice, whether by methodology, analysis, AI-generated content, or a statement written by a staff member of aVenture.

aVenture is not affiliated with any of the people, companies, organizations, government agencies, regulatory bodies, or investment funds we provide coverage for on this site unless explicitly stated otherwise. Users assume full responsibility for decisions made based on information obtained from this platform. Links to external websites do not imply endorsement or affiliation with aVenture. Any links that provide the ability to invest in a primary or secondary transaction in a company are for convenience only and do not constitute solicitations or offers to buy or sell an investment. Investors should exercise heightened precaution and due diligence when investing in private companies, especially those not independently audited.

While we strive to provide valuable insights with objectivity and professional diligence, we cannot guarantee the accuracy of the information provided on our platform. Before making any investment decisions, you should verify the accuracy of all pertinent details for your decision. To the fullest extent permitted by law, aVenture shall not be liable for any direct, indirect, incidental, consequential, or financial damages arising from use of this site, whether by consumers of its contents directly or by persons or organizations covered by our research, even if we are advised of the possibility. Our best-efforts processes and correction request forms do not create a warranty or duty of care.

Profiles on this platform may include content generated in part by large language models (LLMs, artificial intelligence) that aggregate publicly available sources (e.g., SEC EDGAR, public filings, press releases). Source attribution is provided where known; always verify statements and claims here against original sources before relying on any data. Content on our site may contain inaccuracies, omissions, or what are commonly called 'hallucinations' if generated in part or in full by AI / LLMs. The risk can also exist even when content is written by a human, as internal and third-party sources may also have inaccuracies for the same or different reasons. While we randomly audit a proportion of content, this is not exhaustive.

We recommend that an independent auditor be hired to verify the accuracy of the information before relying on it for any sensitive decisions. By accessing this platform, you agree not to rely solely on any information generated by AI, aggregated, or sourced or written otherwise on this site, for investment, financial, or other decisions. aVenture assumes no responsibility for inaccuracies, omissions, or hallucinations. You must independently verify all data from primary sources. Use of this platform constitutes your waiver of claims for reliance-based damages, including negligent misrepresentation. To report an error, request a correction, or dispute information about a company or individual, contact us via our request data updates form.

Loading
Loading
Home
News
With hopes for greener grass in Germany vanishing, consolidation is in the cardsnfor cannabis companies

From TechCrunch

By Anna Heim

December 29, 2023

With hopes for greener grass in Germany vanishing, consolidation is in the cardsnfor cannabis companies

With hopes for greener grass in Germany vanishing, consolidation is in the cardsnfor cannabis companies

As 2023 comes to an end, it is only natural to reflect on what happened in the markets we cover. But when it comes to cannabis, the answer is “not much,” which won’t help cannabis startups that are already facing a challenging funding environment.

Namely, 2023 wasn’t the year that Germany legalized adult recreational cannabis use. That matters because that’s not what the legal cannabis market once anticipated, and whenever there is misalignment between reality and what investors expected, especially when public companies boosted said expectations, it is rarely good news. Or at least, not for everyone.

“One trend to look out for in 2024 is consolidation,” said cannabis-focused investor Matt Hawkins, a managing principal at specialized VC firm Entourage Effect Capital. “Companies have spent significant capital in preparation for a sizable commercial market in Germany. [As] the chances of that happening fade, companies might not be able to support their operations without joining forces.”

Let’s take a look at what to remember from 2023 and what to expect in 2024, with help from a brand-new global cannabis report from market intelligence firm Prohibition Partners.

What didn’t happe

Most Recent

Arcee, a US open source AI lab, says Chinese models are not inherently dangerous

Arcee, a US open source AI lab, says Chinese models are not inherently dangerous

As Chinese AI models grow in capability and popularity among U.S. companies, the arguing over what should be done about them has reached a fever pitch.

Jul 22, 2026

Cascade raises $3.5M to help construction firms find and win projects

Cascade raises $3.5M to help construction firms find and win projects

a16z Speedrun, Ada Ventures, and Snowball VC have invested in Cascade's $3.5 million seed round.

Jul 22, 2026

The browser wars aren’t about search anymore — here are the best alternatives to Chrome and Safari

The browser wars aren’t about search anymore — here are the best alternatives to Chrome and Safari

We’ve compiled an overview of some of the top alternative browsers available today aiming to challenge Chrome and Safari.

Jul 22, 2026

Glow emerges from stealth at $1.2B valuation to challenge endpoint security in the AI era

Glow emerges from stealth at $1.2B valuation to challenge endpoint security in the AI era

Glow is targeting a new class of endpoint risks created by the rapid adoption of AI agents and developer tools inside enterprises.

Jul 22, 2026

Similar Posts

Almost 90 new unicorns have been minted so far this year — here they are

Almost 90 new unicorns have been minted so far this year — here they are

With AI igniting an investor frenzy, more startups are achieving unicorn status every month.

Jul 5, 2026

The European startup market is ready for the limelight

The European startup market is ready for the limelight

The region's startup market is hungry for its first trillion-dollar startup, and in many ways has set itself up to reach that goal.

Nov 21, 2025

From Skims to Stripe, here are the startups that are likely — or definitely — not having IPOs this year

From Skims to Stripe, here are the startups that are likely — or definitely — not having IPOs this year

Last year’s investor dreams of a strong 2024 IPO pipeline have faded, if not fully disappeared, as we settle in to the second half of the year. This year delivered four venture-backed tech IPOs — Reddit, Astera Labs, Ibotta and Rubrik — in March and April, which made it seem like this year could spur the momentum investors had hoped for in 2023. But secondary investors and IPO lawyers recently told TechCrunch that despite these four successes, macro conditions like the upcoming presidential ele

Aug 7, 2024

Consolidation begins to hit the carbon credit market

Consolidation begins to hit the carbon credit market

Carbon Direct is buying Pachama as the voluntary carbon markets enter a period of uncertainty.

Nov 10, 2025

Most Recent

Arcee, a US open source AI lab, says Chinese models are not inherently dangerous

Arcee, a US open source AI lab, says Chinese models are not inherently dangerous

As Chinese AI models grow in capability and popularity among U.S. companies, the arguing over what should be done about them has reached a fever pitch.

Jul 22, 2026

Cascade raises $3.5M to help construction firms find and win projects

Cascade raises $3.5M to help construction firms find and win projects

a16z Speedrun, Ada Ventures, and Snowball VC have invested in Cascade's $3.5 million seed round.

Jul 22, 2026

The browser wars aren’t about search anymore — here are the best alternatives to Chrome and Safari

The browser wars aren’t about search anymore — here are the best alternatives to Chrome and Safari

We’ve compiled an overview of some of the top alternative browsers available today aiming to challenge Chrome and Safari.

Jul 22, 2026

Glow emerges from stealth at $1.2B valuation to challenge endpoint security in the AI era

Glow emerges from stealth at $1.2B valuation to challenge endpoint security in the AI era

Glow is targeting a new class of endpoint risks created by the rapid adoption of AI agents and developer tools inside enterprises.

Jul 22, 2026

Similar Posts

Almost 90 new unicorns have been minted so far this year — here they are

Almost 90 new unicorns have been minted so far this year — here they are

With AI igniting an investor frenzy, more startups are achieving unicorn status every month.

Jul 5, 2026

The European startup market is ready for the limelight

The European startup market is ready for the limelight

The region's startup market is hungry for its first trillion-dollar startup, and in many ways has set itself up to reach that goal.

Nov 21, 2025

From Skims to Stripe, here are the startups that are likely — or definitely — not having IPOs this year

From Skims to Stripe, here are the startups that are likely — or definitely — not having IPOs this year

Last year’s investor dreams of a strong 2024 IPO pipeline have faded, if not fully disappeared, as we settle in to the second half of the year. This year delivered four venture-backed tech IPOs — Reddit, Astera Labs, Ibotta and Rubrik — in March and April, which made it seem like this year could spur the momentum investors had hoped for in 2023. But secondary investors and IPO lawyers recently told TechCrunch that despite these four successes, macro conditions like the upcoming presidential ele

Aug 7, 2024

Consolidation begins to hit the carbon credit market

Consolidation begins to hit the carbon credit market

Carbon Direct is buying Pachama as the voluntary carbon markets enter a period of uncertainty.

Nov 10, 2025