Advisory Board Member
Mr. Penney is the Managing Director and Chief Investment Officer of RiverForce Partners, a privately held investment and advisory firm focused on emerging growth industries in developed markets. Penney has more than two decades of investment, equity research, and institutional sales experience, serving in various roles at several leading buy- and sell-side institutions, including Lehman Brothers, Merrill Lynch, Trust Company of the West (TCW), and most recently, Northland Capital Markets, where he became one of the first U.S.-based sell-side analysts to cover the U.S. cannabis sector. Prior to joining Northland in October 2016, Penney served as a Managing Director and Principal Consultant for the Lang Media Group (LMG), where he held several strategic, operating, and investing roles across a wide range of both private and public retail-, media- and technology-related companies. Prior to LMG, Penney served as a senior analyst and portfolio manager at Cypress Funds (a TCW-related investment firm) and as a founding partner at Compass North Capital, dating back to 2008. Prior to his direct investing industry experience, Penney worked on the institutional sales desks at Merrill Lynch and Lehman Brothers. He earned his Bachelor of Arts in Business (Accounting) at Santa Clara University and is a Certified Public Accountant.