Altitude Investment Management invests $5.5 Million in KannaSwiss

CBD producer

Altitude Investment Management announced today a $5.5 (~€5m) million investment in Switzerland-based KannaSwiss as its first European investment.

Earlier this year, Altitude Investment Management plc (AIM plc), a leading New York-based investment firm focused on the emerging global cannabis industry. Opening its office in London and raising $7.4 (~€6.3m) million for its newly formed UK-based investment company, AIM plc., the goal of the company is to take advantage of the emerging and fragmented European cannabis marketplace by investing in foundational companies in the industry’s supply chain such as KannaSwiss.

Did you know KannaSwiss is a partner of Health Europa? Click here to find out more about KannaSwiss.

Growing European CBD market

With a population more than double that of the United States, a fast-growing CBD and wellness and emerging medical cannabis market, and deregulation steps that are beginning to mirror North America; Altitude believes that it will capitalise on this European early-mover advantage through AIM plc.

Roderick Stephan, co-founder and partner of Altitude, said: “My partners and I have been laser-focused on investing in the legal cannabis industry since 2016. We raised approximately $31 (~€28.19m) million in our first cannabis vehicle which has been invested in 19 companies across the industry.

“While the CBD and wellness market is thriving, the medical and legal cannabis markets in Europe are in their infancy. We believe that over the next couple of years, medical cannabis will be generally available across Europe and some countries will also allow recreational consumption. The market is poised for tremendous growth just as it has in the US.”


The latest funding will allow KannaSwiss to materially scale its commercial ethanol extraction operations both in bulk sales of CBD isolate and distillate, as well as in the development, marketing and sales of branded products.

AIM plc’s investment will allow KannaSwiss to fund additional production capabilities and biomass intake to meet its existing and rapidly growing customer demand.

The funds will also accelerate KannaSwiss’ attainment of ISO 9000 and GMP certification further solidifying the company’s leadership position in the market. KannaSwiss has recently hired two additional chemists to focus on R&D for cannabinoid-enhanced formulations to address cognitive function, PMS and menopause, PTSD, mood enhancement, sleep and immune health.

Ivan Enderli, co-founder of KannaSwiss, said: “This significant investment from Altitude will help solidify us as the leading hemp extraction and product company in Europe.”

KannaSwiss Chief Executive Officer Boris Blatnik, added: “We have already established ourselves as a trusted brand of bulk CBD isolate and distillate and we are focused on expanding our existing product offering to consumers.

“Swiss manufacturing holds itself to the highest standards, so I am confident that my team’s dedication to quality and innovation will produce a leading line of products on the European market.”

Mr Stephan said: “Altitude believes the investment opportunity in the European legal cannabis industry is unique and presents compelling outsized risk adjusted returns. Experts project the CBD wellness market in Pan-European countries to be worth $416 million in 2019 and reach $1.7 billion by 2023, with medical cannabis coming in at $318 million in 2018 with rapid expansion to $8 billion by 2023.

“The path forward has strong support, and we are looking to be one of the first to support and grow the European market.”

Moving forward, AIM plc will invest in controlling and non-controlling interests in emerging private companies specifically across the legal European cannabis industry’s supply chain.

Subscribe to our newsletter


Please enter your comment!
Please enter your name here