3 Takeaways from the Benzinga Conference and 14 Stories from New Cannabis Ventures

This is a copy of the August 19th edition of our weekly Newsletter, which we have been publishing since October, 2015.


What a fantastic event in Toronto this week.  Benzinga’s Cannabis Capital Conference had great attendance, terrific networking opportunities and informative content. Many told us that it was the best industry event for investors to date. We look forward to sharing more over the coming weeks, but we wanted to provide a few key takeaways.

First, our industry has gone global. Increasingly, Canadian capital is targeting the U.S. market, but many of the companies on both sides of the border are trying to figure out how to tackle markets together. A great example of this is the partnership between Compass Cannabis, a Canadian clinic operator focused on retail, and Colorado-based Starbuds. Technology company Sail is pursuing opportunities in Canada, the U.S and beyond. In his keynote address, Aphria CEO Vic Neufeld discussed how important the global markets are for his company. Aurora’s Marc Lakmaaker pointed to Europe as the largest near-term opportunity.

Second, we have clearly seen professional investors converge on the space. The audience was filled with family offices and other professional investors, many of which are relatively new participants or observers. While many of these were from Canada, the interest is from both sides of the border. One of the most interesting panels, “Perspectives on the Cannabis Investment Landscape,” certainly demonstrated the high caliber of those raising and deploying capital into the sector. The session was moderated by CNBC contributor Tim Seymour and included Harrison Phillips of Viridian Capital Advisors, Mitch Baruchowitz of Merida Capital Partners, Jeanne Sullivan, a general partner at Arcview, and Paul Rosen, CEO of Tidal Royalty.

Finally, we sense that the Canadian LPs are moving from measuring success by production capacity to other forms of value creation. Some are choosing to focus on certain parts of the supply chain, like processing, and most are recognizing the importance of brands. The bottom-line is that the forced vertical integration under the federal medical cannabis program will no longer be in effect, and these companies are moving quickly to position themselves to be more specialized. A great example is MediPharm Labs, the first LP to gain the license with no cultivation capabilities and to focus solely on extraction.

Kudos to the Benzinga team on the Toronto event. We look forward to the the next one, which will take place in Miami in February.

Sail Cannabis, a subsidiary of MVC Technologies Inc, is a North American technology company focused on simplifying medical cannabis with clinical data driven solutions. To learn more, visit the company’s page on New Cannabis Ventures and click the green Get More Info button.

New Cannabis Ventures publishes curated articles as well as exclusive news. Here is some of the most interesting business content from this week:

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Alan & Joel

Exclusive article by Alan Brochstein, CFA
Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email

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