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DEMECAN announces another financing round


Berlin – While working at SMP, members of the YPOG team advised medical cannabis producer and wholesaler DEMECAN on its new financing round. New investors as well as several existing shareholders participated in the investment in the upper single-digit million range. DEMECAN already relied on the expertise of the law firm in previous financing rounds and was again comprehensively legally advised by a Team led by Martin Schaper. The financing will be used for further growth and the expansion of the production facility near Dresden into Europe's most modern facility for the cultivation and further processing of medicinal cannabis.

"DEMECAN operates as the only independent German production and trading company for medical cannabis in a growing market. We are pleased to be part of the developments," said Martin Schaper.

Further information can be found in German on the company website.

Team:

Dr. Martin Schaper (Lead), Partner
Dr. Martyna Sabat, Associate

About us

YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich. 

Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog

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