Oskare Capital and Sapphire Capital Partners LLP Launch First Ever UK SEIS/EIS Fund Targeting Medical & Pharma Cannabis Sector
December 1st, 2021
LONDON–(BUSINESS WIRE)–Óskare Capital is proud to announce the launch of the first ever SEIS and EIS fund targeting the Medical and Pharmaceutical Cannabis sector. Óskare Capital UK will advise the Fund which is managed by Sapphire Capital Partners LLP.
The MEDCAN Fund is the first fund of its kind and will invest in both early-stage UK companies and global companies that have the requisite operations within the UK. The Fund aims to provide UK retail investors with access to a diversified portfolio of companies in this rapidly growing sector.
The Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS) are UK government initiative schemes which encourage growth and development by granting private UK investors significant tax breaks when investing in qualifying early- stage companies.
Óskare Capital UK Director Oliver Lamb, notes, “We were motivated to set up the MEDCAN fund with Sapphire Capital Partners LLP given that around 40% of our European dealflow is coming from the UK, and the tax breaks investors can gain through the SEIS and EIS schemes are significant.”
The Fund team specifically targets leading companies in the UK that have the potential to become global champions. Examples include life sciences companies, with strong IP, developing novel therapeutics (cannabinoids and other molecules) that target the endocannabinoid system (“ECS”).
Discovered in 1992, ECS is found in humans and all vertebrate species, and is used as the body’s way to maintain homeostasis and adapt to environmental stress and changes. Cannabinoids and other novel molecules can interact with the ECS helping to address a wide range of conditions including cancer, pain management, anxiety, epilepsy, sleep, depression, rare diseases, ADHD and many more.
The MEDCAN Fund will also be investing in the companies that form part of the wider medical and pharmaceutical cannabis ecosystem of services and products that support this fast-growing global market. The Fund already has a strong pipeline of deals and will invest in start-ups across the entire value chain (from Seed to Patient) but will not invest in cannabis production or recreational cannabis.
One notable UK cannabis company that has gone on to become a global success story is GW Pharmaceuticals the producer of the FDA approved cannabis-based medication Epidiolex which was acquired by Jazz Pharmaceuticals for $7.2billion.
Óskare Capital UK Director Nicola Broughton, comments, “Whilst GW is clearly an excellent example of a UK success story in the sector, we believe that there are opportunities in the market with stronger intellectual property which address far wider ranges of medical conditions that would result in even greater exits.”
Capital at Risk
About Óskare Capital
Óskare Capital UK Ltd is majority owned by ÓSKARE CAPITAL SAS which launched the Dublin based Oskare Fund I ICAV, the first AIFM and ESG compatible Venture Capital fund with an investment focus on the same sector, targeting European and rest of world targets. www.oskarecapital.com
About Sapphire Capital Partners LLP
Sapphire Capital Partners LLP are a multi award-winning investment manager and consultancy based in both London and Belfast. www.sapphirecapitalpartners.co.uk
Tel: 07725 218 579
Tel: 07900 904 532
Sapphire Capital Partners LLP
Tel: 07835 090 620
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
Follow Us on Social Media
About CFN Media Group
CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.