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Entourage Effect Capital, formerly Cresco Capital Partners, is a venture capital and private equity firm investing in cannabis companies that is headquartered Dallas, Texas and was founded in 2014 by Matt Hawkins, Andy Sturner, and Dov Szapiro.
The firm invests in the cultivation, science & technology, ancillary & services, license aggregators & operators, real estate & infrastructure, and retail & brands associated with the cannabis industry. Notable investments made by Entourage Effect Capital include: Flrish Farms, Acres Cultivation & Cannabis, Chemistry Holdings, Conception Nurseries, Phylos Biosciences, Heavan, Faces Human Capital Management, Holistic, Green Thumb Industries, Gesundheit Foods, Botanica, Planted Supply Companies, and Harvest Cannabis Company.
On October 8, 2019 Entourage Effect Capital announced the goal of raising $150 million for their Fund III venture capital fund. The firm plans on using the fund to invest solely in companies related to the legal cannabis industry. At the time of announcing their third venture capital fund Cresco Capital Partners rebranded to become Entourage Effect Capital.
