Finn A. Hänsel and Fabian Friede founded the Berlin-based company Sanity Group in 2018 with the aim of supplying people in Europe with cannabis-based medicines and health products and building up the necessary infrastructure.
Currently, an 80-member team works together in an interdisciplinary manner and is also active in basic research of the cannabis plant and its active ingredients. In the B2B sector, the company is mainly active with its subsidiary Vayamed, a pharmaceutical company that sells medical cannabis to doctors and pharmacies. The German startup is known to a wider audience through its brands Vaay (CBD products such as oils, bath balls and mouth sprays,) and This Place (creams such as face, sleep, muscle and PMS cream).
If you want to find more details and to read other important cannabis news, download for free the Hemp.im mobile app.
Investments in the cannabis sector to further increase
This awareness should now increase further: because as recently became public, ProSieben-Sat.1 has come on board as an investor. As part of a media-for-equity investment, Seven Ventures, the investment company of ProSiebenSat.1 Media SE, has secured a stake in the Sanity Group in the single-digit millions. In the case of media-for-equity, however, the investment performance is not provided by capital, but with media performance, which subsequently becomes visible primarily in an increase in reach.
“We see great potential in Sanity Group’s brands and are convinced that with our media investment and comprehensive know-how we can help create trust in the market and drive further growth,” said SevenVentures Managing Director Florian Hirschberger.
Finn Hänsel, Managing Director and co-founder of Sanity Group, is also delighted: “Our first TV campaigns for Vaay have achieved very good results. The increased TV presence we are now aiming for will allow us to expand awareness of our consumer brands and reach millions of households in the shortest possible time.”
With this deal, the German media group joins the ranks of prominent supporters: for example, music producer Will.i.am, professional soccer player Mario Götze and top model Stefanie Giesinger are active in an investment community. Bitburger Ventures and Atlantic Food Labs are also on board.
SevenVentures was founded in 2009
In the context of digitization, there were many new business models that lacked capital. This is where the SevenVentures team comes in: A flexible investment model made up of minority holdings and media cooperations is intended to offer young companies the support they need. In return for shares in their equity (Media for Equity) or revenue shares (Media for Revenue), companies receive a package of financial resources, advertising time and numerous other services.
Opportunities and risks are thus shared. In 2019, the company invested 1,000 hours of advertising to currently support 70 companies in their success story. SevenVentures has already accompanied companies such as Zalando, Lieferando, Shopkick or Küchen Quelle with media power, capital and extensive know-how on their way to market leadership.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in LEADERSNET, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
French National Bank to Test a CBDC Digital Currency
The largest CBDC trial to date was just launched by the French central bank. France is the largest eurozone country...
Heuristik Opens its Capital to Make the Leap to Europe and the U.S.
Heuristik has already committed the support of two business angels of Spanish origin, whose names have not been disclosed. In...
Omers Acquires 49% of the Australian Subsidiary of Fotowatio
OMERS Infrastructure's global renewable energy holdings include Leeward Renewable Energy, a growth-oriented renewable energy company that owns and operates a...
Has Your Company Had an IPO Recently? Here’s How to Decide Whether to Hold or Sell Your Stock
In 2021, many companies with IPOs saw huge increases in their stock prices in a short time, adding millions in...
The Exodus of Chinese Miners Leads to New Electricity Tariffs in Russia
Many conditions make Russia ideal and attractive for mining cryptocurrencies. It is one of the countries with the highest electricity...
Biotech2 weeks ago
Canada’s Hidden Health Crisis: Is This Company the Only One Paying Attention?
Cannabis2 weeks ago
The First Bottles of Medical Cannabis Oil Delivered to Patients in Jujuy, Argentina
Cannabis1 week ago
Malta Might Soon Legalize Private Cannabis Consumption
Featured2 weeks ago
Carbon Emissions: the Levy Under the Paris Agreements