Funding the Development and Opening of Two New Dispensaries in New Jersey’s Thriving Market

SAN FRANCISCO, Dec. 4, 2024 — Poseidon Investment Management (“Poseidon”), a leading cannabis industry investment firm, today announced it has completed investments in two New Jersey dispensaries: BLKBRN and Dogwood Green.

Led by experienced cannabis professionals, Dogwood Green and BLKBRN are strategically positioned in New Jersey to serve both medical patients and adult-use consumers upon their openings in 2025.

“These investments represent our strategy of focusing on retail opportunities with high growth potential, emphasizing profitability, supporting founders, and delivering strong returns for our investors,” said Poseidon Managing Director, Patrick Rea.

“We’re creating more than just a dispensary in West Orange; we’re building a legacy of inclusivity and opportunity by offering carefully selected cannabis products and resources for education and empowerment,” said Whitney Oldham, co-founder of Dogwood Green.

Poseidon remains committed to identifying and investing in innovative cannabis businesses as New Jersey continues its growth as a major cannabis market.

“Poseidon has been a true partner throughout our launch,” said Jeff Jacobson, BLKBRN Co-Founder. “Beyond financial support, they provide extensive industry knowledge, valuable connections, and unwavering enthusiasm. We look forward to future collaborations with Poseidon.”

“Jeff is a leading cannabis industry operator, and his partners bring crucial local expertise and connections that will make BLKBRN a significant asset in Highland Park,” said Poseidon Managing Director Patrick Rea. “Whitney and Danielle exemplify how determined founders can successfully navigate the challenges of launching a cannabis business, serving as a role model for others.”

For more information about Poseidon Investment Management, please visit .

About Poseidon

Poseidon is a leading investor in the legal cannabis and hemp industries, managing over $100 million in assets. Active in cannabis investment since 2013, Poseidon and its affiliates have invested in nearly 200 businesses globally across various stages and sectors. The company actively participates in state and federal efforts to advance cannabis law reform, including a recent legal challenge to the Raich vs. Gonzalez SCOTUS case in partnership with . For more information, visit .

About Dogwood Green

Dogwood Green is a licensed dispensary in West Orange, New Jersey, providing high-quality products and superior service to the medical and adult-use cannabis markets. For more information on operating hours, product offerings, and personalized service, please visit .

About BLKBRN

BLKBRN (pronounced “Blackburn”) is a licensed retail dispensary in Highland Park, New Jersey, offering premium, affordable cannabis products, wellness education, and individualized customer support. With over 25 years of experience managing top-tier dispensaries, the BLKBRN team delivers a curated experience that emphasizes the plant’s importance and empowers customers to make informed wellness choices. For more information on operating hours and product selection, please visit .

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SOURCE Poseidon