Sign In

Patrick Rea

Managing Director - Poseidon Garden Ventures

Patrick Rea is a seasoned professional with over two decades of experience in analyzing and promoting business opportunities in consumer-driven markets.

Having led 130 investments in the cannabis tech, hemp, and CBD sectors since 2015, he possesses a deep understanding of commercialization strategies for entrepreneurial ventures.

His extensive network and relationships at the CEO level have been instrumental in his success as a Managing Director at Poseidon, where he heads Poseidon Garden Ventures.

With a background in Geology and Organizational Behavior & Management from Brown University, Patrick has a unique blend of academic knowledge and practical business acumen.

His career spans various notable roles, including Founder at CanopyBoulder, CEO & Co-Founder at CanopyBoulder, and Director at multiple organizations in the natural, organic, and alternative health industries.

Patrick's expertise lies in cannabis, business accelerators, venture finance, natural products, dietary supplements, and the nutrition industry.

Throughout his career, he has collaborated with major investment groups, consumer packaged goods companies, pharmaceutical firms, and leading players in the cannabis sector.

Patrick Rea is driven by a passion to leverage business as a force for positive social change, a mission that motivates him every day to make a meaningful impact on the world.

Highlights

Aug 24 · linkedin

If you’re seeking #capital to expand your #Ohio #dispensary, register for the Ohio Cannabis Health & Business Summit on October 4-5 and connect with Poseidon’s own Colin Ferrian, who will be sharing insights as an active #investor currently deploying capital in the cannabis industry.

Cannabis investing has changed - but so has the cannabis industry. Learn from one of the #cannabis industry's most experienced professionals during Colin's session.

Register here: https://ochbs.com/

Aug 1 · linkedin

East Coast Cannabis Community - After 12 weeks focusing on New Jersey, and over 30 calls with dispensaries raising capital, here’s what we’ve learned.

  1. Capital is a competitive advantage in New Jersey.  With less than 10% of licensed dispensaries operational right now, the first mover advantage for dispensaries in New Jersey is very real - especially in areas where local governments have limited the number of licenses they will issue.
  2. It appears that some investors aiming to back dispensaries are pitching majority ownership in addition to preferred returns, which seems overly aggressive in a market like New Jersey.  We think we’ve found a better way.
  3. Real estate is one of the biggest hurdles. Zoning restrictions have given power to landlords who want to gouge retailers.
  4. The approval process in New Jersey involves many groups and at almost every step of the way it moves at a frustratingly herky-jerky pace
  5. Many of the license holders don’t have cannabis operating experience and underestimate the importance of recruiting team members that do.
  6. The people want craft flower! Few craft grows have been able to get operational though so shelves will be a mix of MSO and craft for a while.

Let’s get New Jersey open.  Poseidon is one of the few funds actively offering equity and debt capital to assist more of these businesses in opening. If you or someone you know holds a license in NJ (or any other East Coast location, excluding NY), please feel free to reach out to us through our contact page: https://lnkd.in/gqck5pcs

Patrick Rea
Add to my network

Location

Boulder, Colorado, United States