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Kevin Durant is one of the latest public figures to lend a helping hand to the cannabis space. However, instead of cashing in like other celebrities, he’s more focused on a plan to destigmatize the industry. Earlier this month, the Brooklyn Nets player and his investment firm, Thirty Five Ventures, in addition to its sports media network, Boardroom, inked a multi-year deal with cannabis e-commerce company Weedmaps — dubbed the “Yelp for pot.” The inclusive collaboration will reportedly combat the many misconceptions around cannabis and advocate for its legalization. Moreover, the new partnership includes a sponsorship deal with Boardroom that will help advance the conversation around athletes’ use of cannabis and its wellness properties that can be beneficial for recovery. In addition to that, Boardroom will also work with Weedmaps to produce an original content series, which is tentatively slated to debut in 2022. “Now more than ever, there is so much opportunity for growth in the...
By now, just about every fan of basketball has become well acquainted with the generation-defining legacy of Kevin Durant. The beloved NBA star is regarded as one of the greatest players of all time for his passionate performance, making him one of the most sought-after small forwards in the entire league. Over the course of his 16 seasons on the court, Durant has played for 4 teams, and amassed hundreds of millions of dollars in salary alone. According to Celebrity Net Worth , Kevin Durant currently touts a highly impressive net worth of over $300 million. While this sum comes primarily from his NBA salary, Durant has also bolstered his nest egg with money from endorsement deals , real estate, and many other prudent investments. Given that KD is undeniably in the GOAT conversation, now seems like as good a time as any to take a deep dive into his multiple revenue streams, and see what we can learn about his financial portfolio. For those looking to study the moves of...
Just last year, Hip-Hop billionaire Jay-Z made his grand entrance into the cannabis industry with the launch of Monogram, in partnership with Caliva, as AfroTech previously reported. Now, the billionaire is hungry for more as he embarks on a new investment in Flowhub — a cannabis technology company — a retail point-of-sale platform for dispensaries. The news broke on Oct. 12 as Flowhub closed on a $19 million round of strategic funding joined by Jay-Z and led by Headline and Poseidon, according to PR Newswire. The valuation for the company now totals nearly $200 million to date. “We are thrilled to announce this capital raise. Headline is an incredible Silicon Valley-based venture capital firm, Poseidon is a pioneer investor in the cannabis industry and Jay-Z is a cultural and creative global force no matter the industry he is involved in,” Kyle Sherman, founder and CEO of Flowhub, revealed in a press release. “I couldn’t think of a better group to be working with as we take this...