On January 14th, Oakland-based ArcView Group, the first cannabis-focused angel investing network and the publisher of the State of Legal Marijuana Markets research, filed a Form D with the SEC indicating that it is raising $1.2mm. This is the first time that the company has raised capital under Regulation D, which allows companies to to offer and sell their securities without having to register the securities with the SEC.

The filing indicates that the sales, which have a minimum investment of $15K, began on December 10th and have resulted in total sales of $931K to five investors at the time of the filing.  The company relied upon the Rule 506(b) exemption, which allows it to sell to an unlimited number of accredited investors and up to 35 non-accredited investors deemed to be sophisticated.  According to CEO Troy Dayton, the company will announce the fundraise and some new initiatives at its next investor meeting, which takes place in Scottsdale on February 1st.

Exclusive article by Alan Brochstein, CFA

Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email