News

StaffOctober 15, 2021
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3min3480

This story is republished with approval from Crain’s Chicago Business.

by John Pletz

PharmaCann is adding Colorado and Michigan to the states where it grows and sells cannabis.

The Chicago-based company will buy LivWell for an undisclosed price. LivWell was founded in Denver in 2009 and has 21 stores in Colorado, which was the first U.S. state to legalize recreational marijuana. It also is building a cultivation facility in Michigan. PharmaCann said LivWell founder John Lord will join its board.

The acquisition will give PharmaCann about 60 dispensaries, including eight in Illinois, and 11 cultivation facilities.

PharmaCann, which employs about 1,200 workers, is one of four Chicago-based cannabis companies that do business in multiple states, including Cresco Labs, Green Thumb Industries and Verano Holdings. PharmaCann, which two years ago called off a deal to be acquired by MedMen, is the only one of the four that isn’t publicly traded. It’s considering an IPO, Reuters recently reported.

The marijuana industry continues to consolidate, and more companies, such as Ascend Wellness, are going public and acquiring competitors.

PharmaCann declined to comment on the possibility of IPO, but extending its reach to additional markets could make it more attractive to investors.

In addition to its home state, PharmaCann operates in Maryland, Massachusetts, New York, Ohio and Pennsylvania. It recently raised $85 million in a debt offering.


Debra BorchardtOctober 15, 2021
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6min5330

Viridian Capital Advisors analyst Jonathan DeCourcey is looking into his cannabis crystal ball and says skip 2022 – it’s 2023 that should be the focus for investors. He points out that 2023 will be the first full year with adult-use cannabis sales in the key markets of Connecticut, New Jersey, and New York. He wrote,

Based on 2023 expectations, top operators are likely to look much cheaper overall than they do today.

The analyst said that the cannabis market’s current bear market is unwarranted and presents buying opportunities. While company estimates for 2022 have been increasing, he says the real story will be what happens in 2023. He wrote, “As we look to 2023, the opportunity becomes even more favorable. Even omitting the share gains for large public players (both through execution and consolidation) and conservatively growing estimated 2022 revenues by the roughly 20% growth rate for broader US cannabis sales in 2023 and leaving adjusted EBITDA margin levels unchanged from 2022 estimates, US cannabis companies will be trading at a roughly 50% discount to the one year forward projections of this winter with 2023 multiples (’23EV/Sales at 2.1x and EV/EBITDA at 6.3x). These valuations levels are incommensurate with the high growth nature of US cannabis and look inexpensive even relative to slower growth more mature industries.”

In his opinion, many of the companies considered to be the top operators for 2023 are not necessarily the biggest by market cap or the most expensive today. His big list of companies that he believes look even better when considering the 2023 numbers are Ascend Wellness, Ayr Strategies, Body & Mind, Cansortium, Columbia Care, Glass House, Goodness Growth, Jushi, TerrAscend, and Tilt Holdings. The two companies DeCourcey specifically highlighted in his report that was published on October 15, was 4FrontVentures (OTC: FFNTF) and Planet 13 (OTC: PLNHF).

4Front

Viridian has a Buy rating on 4Front and a $2 target price. The analyst noted that the 2022 estimates only represent about 40% of the company’s long-term plans. 4Front recently broke ground on a cultivation and production facility in Illinois called “Big Daddy.” The first phase of this project will be a 250,000 square foot cultivation facility that will open in early 2023 giving the company 65,000 square feet of cultivation versus its current 9,000 sq. ft. today. This expansion will allow 4Front to sell more house brands at its own locations, plus open itself up to wholesale business. The company has said that the initial buildout will allow it to produce $100 million of sellable product.

In addition to Illinois, the Massachusetts operations are expanded by a recent acquisition of  New England Cannabis Corporation. 4Front said that NECC is expected to be significantly accretive to its EBITDA expectations for 2022 and will immediately scale 4Front’s presence as a dominant wholesaler and producer in the state. The acquisition is said to more than double 4Front’s total flower canopy in Massachusetts to over 30,000 sq. ft, with further expansion potential for up to an additional 10,000 sq. ft. of canopy, and will approximately triple 4Front’s kitchen, processing, and distribution space.

4Front also has an outstanding license application in New Jersey, which could also present a big opportunity. DeCourcey also pointed out that 4Front could end up being a potential takeover target by a larger MSO.

Planet 13

Planet 13 was truly beaten up by the pandemic. As a dispensary superstore that thrived on tourist traffic, the lockdown was especially difficult. Fast forward to today and Vegas is coming back. The MJ Biz conference next week is sure to bring lots of attention to the flagship store in Las Vegas and could be a short-term catalyst for the stock. Beyond that, the company has also opened a superstore in California.

Yet the analyst stated that right now, Planet 13 appears expensive as it has an EV/EBITDA multiple of 13.8x or a roughly 81% premium to the broader peer group. Still, he doesn’t think the 2022 outlook tells the whole story for the retailer. Looking even further out to 2023 results, Planet 13 has plans to open another store in Chicago now that it has a license through a joint venture and it acquired a Harvest license in Florida.

“We anticipate additional expansion even beyond those two initiatives coming given the company’s well-capitalized balance sheet and management’s stated initiative of having at least eight Superstore locations open within the next five years,” wrote the analyst. He suggested Planet 13 could potentially buy smaller assets that could be built out and more stores in tourist-friendly cities. He also thinks Planet 13 could be a target for a larger MSO to acquire.

 


StaffOctober 15, 2021
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4min4330

Cresco Labs (CSE:CL) (OTCQX:CRLBF)  is buying Pennsylvania-based Laurel Harvest Labs, LLC  in a deal valued at $80 million. The acquisition is expected to close in Q4 of 2021.

Laurel Harvest has one of the eight original Chapter 20 licenses in Pennsylvania. The company comes with approximately 52,000 sq. ft. of indoor grow/processing space and room for an additional 52,000 sq. ft. of indoor cultivation space. there is one operational dispensary in Montgomeryville PA and a second dispensary in Scranton is currently under construction. Laurel Harvest also has the option to open an additional four dispensaries throughout the state.

“As the medical market continues to grow and as legislators develop plans for adult-use, we are increasing our depth in the key state of Pennsylvania to strengthen our wholesale leadership while growing profitability and scale through new retail. This acquisition will provide Cresco Labs with immediate incremental cultivation capacity, simplify our ability to expand production capacity further, and add six additional retail dispensary permits in the state,” said Charlie Bachtell, CEO of Cresco Labs. “Importantly, we are excited to further our commitment in research and development through one of the few Chapter 20 clinical registrant licenses in the state. Laurel Harvest and its academic clinical research partner, Temple University, have established one of the most sophisticated cannabis research programs in the country. As an organization focused on normalizing and professionalizing the cannabis industry, we sincerely look forward to supporting and expanding upon this research that will continue to help create safe, effective and accessible cannabis products.”

Located in a medical-only state, Laurel Harvest is very focused on helping patients and research. The company has an academic clinical research partnership with Lewis Katz School of Medicine at Temple University. It is also conducting six ongoing cannabis research studies. The company has said with regards to its scientific mission,

We aim to be at the forefront of advancing research, science, and policy relating to the clinical benefits, limitations and uses of cannabinoids through evidence-based medicine. We will dedicate our resources and expertise to help patients understand how cannabis can help them improve wellness through science. To give our healthcare professionals access to the most credible and current research to help you understand how cannabis can impact your health and wellness.

Cresco Labs will report financial results for the third quarter ended September 30th, 2021 on Thursday, November 11th, 2021 before the market opens.


StaffOctober 15, 2021
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3min4900

Privately-owned cannabis tech firm Dutchie  has raised $350m in Series D financing which is now placing a $3.75 billion valuation on the Oregon-based company. The company said it plans to use the money to keep expanding operations and invest in R&D investments to launch major products to support cannabis dispensaries. That includes hiring more top talent for the firm.

Dutchie is a behind-the-scenes company that charges dispensaries a monthly fee to create and run their websites and manage orders. With the pandemic, many dispensaries were pushed to create online ordering for pickup in-store. Plus, many customers don’t like waiting in lines and the convenience of online ordering and express pickup desks in dispensaries has added to the product’s popularity. The company said in a statement,

We have had a pivotal 2021 and will continue to expand our product suite and innovate solutions for cannabis retailers. As we strive to create safe and easy access to cannabis, we hope to open more hearts and minds to the good it can do.

Founded in 2017, Dutchie now has over 500 employees across 40 different U.S. states and in Canada. In the last fundraising round CEO Ross Lipson said,

“Dutchie’s mission is to provide safe and easy access to cannabis while helping power the positive societal change that cannabis is bringing to the world. We believe we have a responsibility to help contribute to the next evolution of the industry, help all sides of the market grow, and create opportunities and outcomes that benefit all of our partners and consumers.”

Dutchie’s Series D comes seven months after its last funding round — a $200 million Series C — one of the largest private funding rounds in the cannabis industry. The round was led by D1 Capital Partners, with participation from previous investors including Tiger Global, Dragoneer, DFJ Growth, Thrive Capital, Gron Ventures, and Casa Verde Capital, and new investors, including Willoughby Capital, Glynn Capital, and Park West Asset Management.

 

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StaffOctober 14, 2021
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3min6370

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) is buying Mountain High Products, LLC, Wana Wellness, LLC and The Cima Group, LLC (collectively, “Wana” and each, a “Wana Entity”) in a deal valued at $279 million. Like other U.S. acquisitions byCanopy Growth the deal is dependent on federal legalization in the U.S. Wana is the #1 cannabis edibles brand in North America by market share.

Today’s announcement reflects the culmination of more than a decade of hard work, dedication and vision put forth by our employees and partners, as well as an unwavering commitment to the plant and -our customers,” said Nancy Whiteman, CEO and Cofounder of Wana Brands. “We have long considered what the next phase of our growth might look like, and this deal is not only a great testament to our focus on bottom line growth and fiscal diligence, but also to the value we believe Wana can bring to Canopy and its shareholders now and in the future. We have met many partners along the way over the past 11 years, but none have felt like the best and right fit until today. We are incredibly humbled and honored to be part of what Canopy Growth is building in terms of the future of this industry.”

Wana is the leading cannabis edibles brand in North America based on market share, with the largest multi-market presence of any independent edibles brand across the U.S. gummy market, and #1 share of the Canadian gummy market. Based on Canopy Growth’s consumer research, edibles are expected to continue to serve as the primary point of entry for new consumers into the THC category and as such having a leadership position in the gummy category is critical.

“As we establish Canopy Growth as the world’s leading cannabis company, acquiring the #1 cannabis edibles brand in North America will serve to strengthen our market position in both Canada and the United States,” said David Klein, CEO, Canopy Growth. “The right to acquire Wana secures another major, direct pathway into the U.S. THC market upon federal permissibility, and in Canada we’ll be adding the top-ranked cannabinoid gummies to our industry-leading house of brands. We’re confident in the future growth of the edibles category and the tremendous opportunities with Wana.”

 


StaffOctober 14, 2021
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5min5140

If you are splitting your time between MJ Biz and MJ Unpacked, that means time management is going to be the key to productivity. Not only will you need to manage your travel time for meetings, but also your event schedule. Green Market Report has put together a list of things you won’t want to miss at MJ Unpacked.

  1. You really don’t want to miss the Unpacked Blue Brothers event. Pony up the money for the ticket because proceeds will go to the Last Prisoner Project. Jim Belushi (Founder of Belushi’s Farm) has been a big supporter of this charity that seeks to free incarcerated people who have been put in prison for cannabis offenses. Unpacked says it hopes to raise $150,000 from the event. Help them get there and attend the most buzzed-about party for the week.
  2. At 1:30 on Friday, mark your calendars for the keynote address featuring Dan Akroyd (actor, writer, beverage mogul & more), Jim Belushi, and former CEO of Playboy Enterprises badass boss Christie Hefner.  Their panel is titled “Booze, Blues, Bunnies & Weed.”  Yes, please.
  3. Do you have a hubcap diamond star halo? Then bang a gong and get it on. There will be a Flower of Life gong you can bang when you close a deal (or just if you like banging stuff).
  4. Do you want to just chill for a bit? There will be ample soft seating throughout the event to facilitate intimate conversations instead of badge scans in the aisles. The MJU Lounge features a bar, local musicians, games, seating; and the show floor Meeting Place is set up to drive deals. Foosball anyone?
  5. The Money Stage – 16 lucky brand and retail visionaries will participate in The Money Stage, an opportunity for them to pitch to accredited investors. Cannabis Shark Tank live if you will.
  6. Thursday at 9:40am join BDSA for a deep dive into the state of the cannabis industry and how data can be leveraged to make the right decisions on assortment (for retailers) and product portfolio management (for brands) with the goal to optimize sales. Kelly Nielsen, Vice President of Insights & Analytics, BDSA leads this keynote address.
  7. Need to maximize your time trying to find a new brand? Unpacked will have over 100 brands from across the U.S. Talk about saving some time with all these names in one place.
  8. Not a massive MSO with millions to spare? Then sit down at 11:10 on Thursday for George Jage’s talk with Harborside Founder Steve DeAngelo and Javan Bunch, Operating Partner, Overton Capital. DeAngelo knows what it is to take a single operation and turn it into an impressive public company.
  9. Put away those business cards – Unpacked is going high-tech. THC CPG brands will promote their products in a display case without being tethered to a booth. Retailers, potential licensing partners, and investors scan QR codes to learn about products and set up one-on-one meetings during the event. Will be pretty interesting to see if this works and how well people can adapt to a  new approach to conference land.
  10. Finally, at 2pm on Thursday if you want to check out some of the best brand people in the business – look at this lineup: Seun Adedeji, CEO, Elev8, Suzan “Semii” Gebreyonas, Brand Manager of all Roc Nation THC Brands, The Parent Company, Andreas Neumann, Chief Creative Director, Jushi and Sally Vander Veer, Co-Owner & CEO, Medicine Man. I know right?

Julie AitchesonOctober 14, 2021
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From college football to the NFL, nothing says Game Day like a lively tailgate scene complete with BBQ and beers or wine and cheese and a lot of sloshing Solo cups paraded around stadium parking lots. But with the rise in popularity, not to mention the legality, of cannabis, tailgaters and entrepreneurs alike are looking to swap Solo cups for smokes, edibles, and the like. With football season finally back in full-ish swing, cannabis companies in Michigan (the nation’s third-largest recreational cannabis market) are getting in on the action with exclusive tailgating products and activations. 

The college market is a particular focus of these new tailgate-tailored products. College students’ cannabis consumption in 2020 reached an all-time, historic high unseen since 1983 according to the National Institute on Drug abuse’s annual “Monitoring the Future” study. The study also showed that more than four in every ten college students reported using marijuana in 2020, and the increase occurred in similar proportions among college-aged respondents who aren’t in school. Alcohol usage, meanwhile, was less common in 2020 than in previous years, including binge drinking, getting drunk, and overall alcohol use. The decline has been ongoing over the last few decades and the low is also “historic” according to the principal investigator of the study, John Schulenburg. Alcohol usage was “significantly lower” in 2020 than just a year prior in 2019, with increasing legalization and the pandemic highlighted as likely factors.

This is all to say that the college tailgating crowd isn’t only primed for some grit and glory on the gridiron, but for a creative range of products and events that offer alternatives to boozy barbecues. Lansing-based Pure Options sent out an invite to Michigan State fans to an all-season tailgate in front of Spartan Stadium. Michigan cannabis company SKYMINT recently launched their Tailgate Collection, which includes cannabis-infused gummies “Varsity Blue” and “Green Machine” as well as the terpene-heavy “Tailgate Vape”.   To celebrate the annual Michigan vs. Michigan State game, SKYMINT will host a tailgate party at their East Lansing location on October 30th.  The event will feature food, games and podcast hosts sports columnist Graham Couch of the Lansing State Journal and sports podcast host Jason Knick.


StaffOctober 13, 2021
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4min4440

It’s time for your Daily Hit of cannabis financial news for October 13, 2021.

On The Site

MJ Biz

If you are a first-time attendee at the MJ Biz conference or even if you are a veteran, we are going to try to help streamline your time at the event. Green Market Report has pulled together the top ten things you must put in your calendar while at the convention center. You’re welcome. 

HOF

Hall of Flowers, California’s highly-anticipated B2B trade show, returned to the Sonoma County fairgrounds in, September after a Covid-mandated hiatus. The show, beloved by the cannabis community, as well as the industry, is known for showcasing some of the state’s most popular cannabis brands. There were some noticeable absentees this year as people are still cautious about participating in events due to Covid-19 variants. Despite the caution, the turnout was impressive. Some brands are also being hit hard by the rock-bottom prices of cannabis flower. Sunrise Mountain Farms were noticeably absent, which they attributed to the significant drop in wholesale flower prices. 

In Other News

Novamind

Novamind Inc. (CSE: NM)(OTCQB: NVMDF) has been granted Schedule 1 licenses from the U.S. Drug Enforcement Agency (DEA) for Dr. Reid Robison, Chief Medical Officer, and Dr. Paul Thielking, Chief Scientific Officer. The DEA Licenses are required for research sites planning to host clinical trials for psilocybin, enabling principal investigators to store and administer this controlled substance.

“Obtaining the DEA Licenses is a critical step towards hosting clinical trials for psilocybin-assisted psychotherapy,” commented Dr. Robison. “We’re proud of our clinical research organization’s track record investigating innovative solutions for central nervous system conditions. This milestone reflects our expertise and enables us to continue on our mission to create breakthroughs in mental health treatment.”

iAnthus

 iAnthus Capital Holdings, Inc. (CSE: IAN) (OTCPK: ITHUF)provided an update on its response to the Secured Noteholders’ application. On October 12, 2021, Justice Penny released his decision granting the Secured Noteholders’ relief sought in the Application. Specifically, Justice Penny granted the declaration sought by the Secured Noteholders and ordered that: “the Outside Date in the restructuring support agreement has been and is extended to the date on which any regulatory approval or consent condition to implementation of the Plan is satisfied or waived.”

Lantern

Lantern, among the leading on-demand cannabis e-commerce marketplace and home delivery platforms in the U.S.,  announced three changes within its leadership team. Meredith Mahoney, who has served as Lantern’s President since the company launched in May 2020, was named Co-Founder and CEO. Katie Neer, who has served as Head of Industry Affairs, was named General Counsel, and Akele Parnell, the company’s Head of Equity Partnerships, was also appointed to lead Lantern’s social equity incubator program. Additionally, Lantern Co-Founder, Justin Robinson, has transitioned to a full-time role at the company following Uber’s acquisition of Lantern’s sister company, Drizly Group.


Sara Brittany SomersetOctober 13, 2021
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8min10010

Hall of Flowers, California’s highly-anticipated B2B trade show, returned to the Sonoma County fairgrounds in, September after a Covid-mandated hiatus. The show, beloved by the cannabis community, as well as the industry, is known for showcasing some of the state’s most popular cannabis brands. 

Missing In Action

There were some noticeable absentees this year as people are still cautious about participating in events due to Covid-19 variants. Despite the caution, the turnout was impressive. 

Some brands are also being hit hard by the rock-bottom prices of cannabis flower. Sunrise Mountain Farms were noticeably absent, which they attributed to the significant drop in wholesale flower prices. 

“We used to sell our weed for $1000 to $1100 a pound. Now distributors want it at $300 a pound,” says Lorelie Sandemino of Sunrise Mountain Farms. “We can’t make ice hash on our farm anymore. It has to be manufactured in a commercial zone. The reality of the strict protocols of legalization is hard-hitting for family farms. That doesn’t leave much of a budget for trade shows.”  

When asked why the highly successful, rapidly-expanding California-based brand Dr. Greenthumb’s did not have a booth at the show, the company’s president Edwin Fowler replied, “We are in a unique position as both a brand (Insane) and a multi-location retailer (Dr. Greenthumb’s). What is clear is that most of the major brands are really ramping up product marketing with large interactive booths and polished presentations. The marketing spending moat that previously existed between the legacy brands and MSO’s appears to be evaporating, and I see the favor of buyers is clearly going to the authentic legacy brands. 

“In terms of Dr. Greenthumb’s and Insane, we love this trend,” Fowler continued. “B Real likes to see this; we often talk about raising the water levels for all the authentic legacy brands. I know B supports all the true OGs out there, and I know he’s interested in taking on corporate Wall Street weed in an attempt to keep our long-earned culture intact where it belongs.” 

Sample Sale

The abundance of samples is a staple of the event and why Hall of Flowers is world-renowned as a best-in-class event, unlike other trade shows that are completely dry and devoid of takeaways or cannabis products. 

For the booths that offered product samples, those lucky enough to score some coveted orange dispensary tickets provided by the exhibiting vendors were able to purchase full-size retail products for between $1-$3 at the Nug dispensary. 

Hall of Flowers dispensary tickets. ©Caroline Murphy / @VirginiaIsForTokers

 

One participant described the Hall of Flowers experience as akin to being a trick-or-treater on Halloween. 

‘Haul’ of Flowers @Caroline Murphy / Virginia is for Tokers. 

 

While there wasn’t any cannabis-infused candy corn, 420 Kingdom offered microdose THC-infused chewing gum, and edibles-maker Rose offered delightful matchbook-sized samples of aptly named delights. 

Rose Booth. Image ©Sara Brittany Somerset / @cannabiscorrespondent

Cannabis-infused Turkish Delights by Rose. Image ©Sara Brittany Somerset / @cannabiscorrespondent

 

Elise McDonough, the crafter of Cannacraft’s Gem + Jane, described the kid in a candy store vibe, by showing off a photo of her loot on LinkedIn and quipping, “Haul of Flowers.”


Cannacraft printed their own proprietary canna-cash that was redeemable for full-size retail products, including ABX live Resin or Care by Design’s tubs of 24 gummies, at its dispensary.

Cannacraft’s outdoor dispensary at Hall of Flowers. Image ©Caroline Murphy

Some brands, including Plus+ (OTC: PLPRF) sold samples of lychee and “cloudberry” gummies.   

How Big Is Your Booth?

Other vendors, such as Brother David’s, which had more prominent, elaborate build-outs in previous years, had a smaller presence this time around.

While newcomers such as Airgraft had one of the largest booths complete with an interactive television screen built into the showcase. Airgraft is known for its Netflix-style business model of providing unlimited pods to its subscribers.  

Aircraft exhibition booth at Hall of Flowers.  Image courtesy of Caroline Murphy

After a Covid-mandated hiatus, the overall vibe at the fairgrounds was akin to a blissful, triumphant High School reunion. Anyone who missed the event can check out the next iteration of the Hall of Flowers experience at MJ Biz Con in Las Vegas. 


Debra BorchardtOctober 13, 2021
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9min7140

If you are a first-time attendee at the MJ Biz conference or even if you are a veteran, we are going to try to help streamline your time at the event. Green Market Report has pulled together the top ten things you must put in your calendar while at the convention center. You’re welcome. 

 

  1. If you want to get the event started with as much background as possible, tune into the opening session by MJBiz President and CEO Chris Walsh on Wednesday at 9am. Since the last in-person event, multiple states, some traditionally more conservative than others, have legalized new medical and adult-use cannabis programs. Walsh will bring everyone up to speed on the industry on existing markets with a nod toward the M&A landscape and any legislative movement in D.C.
  2. The exhibitor floor.  While some people complain it’s too big and others complain that it’s mostly cultivators and processors (giant extraction setups are not your thing?) It is still the main attraction. Walking the floor you are sure to run into someone you know and are likely to meet someone new. Bring lots of those old-fashioned business cards. You’ll likely run out of them on the first day. The press booth is located in the middle of the floor as beleaguered journalists are mobbed by PR professionals eager to get their clients a mention or interview. Be nice to the journalists and feed them as they have limited budgets.
  3. You’ll have to wait until Friday to see keynote speaker Daymond John (Fubu/Shark Tank) speak. Instead of opening the event, he will deliver a closing keynote on Friday at 9am. John is known for his advice to start-up companies and has also invested in many that have appeared on Shark Tank. While numerous celebrities have gotten into the cannabis industry, John so far looks to have stayed away from the industry. Still, MJ Biz is hoping his wisdom for entrepreneurs will send the MJ Biz attendees away with inspiration and motivation to be successful.
  4. Psychedelics – There has been a huge crossover between the cannabis industry and the psychedelics industry.  The Psychedelics Market Panel on Friday at 11:45 will address cannabis operators and investors who continue to gravitate toward this new opportunity. It will also address the parallels to the early days of the legal cannabis market and why this space will develop differently. Daniel Goldberg, Co-Founder & Partner, The Palo Santo Fund will be on the panel highlighting the outlook for the market moving forward for investors and operators.
  5. MJBizCon is making industry numbers fun and interactive by sharing consumer and market trends in the cannabis and CBD industries game-show style. Get the most up-to-date data and trend insights from industry analysts and operators. The panel on Friday at 10:30 is headed up by some of the top women in the tech side of cannabis  Jessica Billingsley CEO of Akerna (NASDAQ: KERN), Carmen Brace CEO of Aclara and Liz Connors the VP Of Data and Analytics at Headset.
  6. Entrepreneurs may find that the ancillary space is the easiest way to get your foot in the door to this rapidly growing industry and this panel on Thursday at 10:15 will provide the insights needed to find the best opportunities in the growing, ancillary landscape. Patrick Rea, a Managing Director at Poseidon, one of the top venture capital firms in the cannabis industry will be on the panel. In 2013, Patrick founded CanopyBoulder, a seed-stage, mentorship-driven business accelerator, and investment fund focused on data, fintech, software, and IoT in the cannabis industry as well as hemp/CBD businesses.
  7. Sevenpoint Interiors always wows the floor with its retail layout. This year’s booth is all about the industry eye-catching “Focus on Flower”. The firm is launching a series of innovations dedicated to improving the customer experience when shopping for flower cannabis at dispensaries. Their newest development, The Flower Globe is an innovative display accessory and technology. It allows consumers to check out the flower without compromising it.
  8. It grows like a weed, say many people in the cannabis industry. That is until you have to deal with mold, pests, water, and lights. David Kessler, CEO of Agrify will be on a panel on Thursday at 3pm that will give tips on maximizing cultivation yields and best practices for growers. When cultivators are facing intense competition, they need to grow the cleanest cannabis for the most economical price. This panel will combine tech know-how with plant-growing secrets.
  9. Hawthorne, the hydroponic subsidiary of Scott’s Miracle-Gro (NYSE: SMG) is hosting its own conference in a conference called the Hawthorne House that will be happening all three days. Thursday at 1:30 is a social justice panel featuring Steve D’Angelo, Jeanette Horton, and Roz McCarthy. But what you really want to do is go by on Friday when they will have an R&D open house. Stop by and ask the experts anything about equipment ownership, irrigation, and more.
  10. Hall of Flowers Experience – If you haven’t been able to go out to California for a real HOF event, then this is the next best thing. It might motivate you to go to their next event in Palm Springs if you like this one.  Here’s a partial list of just some of the fab suppliers you can meet:
  • Big Island Grown Dispensaries
  • Bud’s Goods & Provisions Corp.
  • Buddies Brand
  • Buddy Boy Farms
  • Canndescent Brands
  • Country Cannabis
  • Ember Valley
  • Green Life Productions
  • Hype
  • Kiva Confections
  • Leune
  • NUG
  • Riverview Farms Inc.
  • Select
  • Stanley Brothers USA
  • Willie’s Reserve

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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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