Entertainment Execs Look to Back Cannabis Magazine
Former Live Nation Chairman Michael Cohl and legendary Hollywood insider Shep Gordon are negotiating to back a new cannabis media property called Civilized Worldwide, sources tell Media Ink.
Derek Riedle, chief executive of Civilized Worldwide, said it raised $1.5 million a year ago in seed capital and has about a dozen employees fast at work producing a digital magazine called Civilized.Life.
The company later this month will close a Series A round of funding that raised $3 million, he said.
Riedle declined to disclose the names of the potential backers, but sources tell Media Ink it is indeed Cohl, who used to arrange tours for Michael Jackson and the Rolling Stones, and Gordon, whose memoir, “They Call Me Supermensch,” was made into a movie directed by Beth Aala and Mike Myers.
Gordon, now semi-retired and living in Maui, moved to LA straight out of college, where he befriended Janis Joplin, Jimi...
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