Delavaco Group is a Florida based private equity and merchant banking firm investing in early-stage retail, real estate, and consumer brands industry. Andrew DeFrancesco founded the company in 2007. It has physical presence in Florida, Toronto, Ontario, and Bogota, Columbia. Since 2013, the company has been investing in the cannabis industry. It made $6.2 Million founding investment in Aphria Inc, a Canadian cannabis company in 2013. It established DFMMJ Investments Ltd, which acquired one of Florida’s original medical cannabis licenses and made investments in cannabis media platform, PROHBTD Media Inc, in 2016.
Chairman and CEO