the next frontier: rec opportunities in canada
TRANSCRIPT
#MJBizCon© 2017 Anne Holland Ventures Inc. All rights reserved.
Cronos Group
Mike Gorenstein
The Next Frontier: Rec Opportunities in Canada
CEO & Chairman
Tilray
Jennifer HanserVP, Business Development
SkyLaw Professional Corporation
Andrea HillAttorney
#MJBizCon© 2017 Anne Holland Ventures Inc. All rights reserved.
Current (Med) Regulations Draft Recreational Law• Oversight: One law to rule them all – federal oversight
• Oversight: Split betweenfederal and provincial
• Distribution: mail-order delivery only
• Distribution: Up to provinces
• Residential growing: # of plants depends on script
• Residential growing: 4 plants per household
• Supply mgt: production maximums by weight
• Supply mgt: regulatorcontrols # of licences
Cannabis in Canada
#MJBizCon© 2017 Anne Holland Ventures Inc. All rights reserved.
• Laws: federal, provincial, municipal
• Laws: state, county, municipal
• Capital markets: licensed producers can “go public”
• Capital markets: Illegal under federal law = going public can be harder
• Distribution: mail-order & up to provinces
• Distribution: licenseddispensaries
• Products: flower, fresh buds, live plants and oils
• Products: varies - flower, oils, edibles
Canada vs. America
#MJBizCon© 2017 Anne Holland Ventures Inc. All rights reserved.
Licensed Producers in Canada
• ~43 licences held by ~36 companies, ~29 of which allow for sale
• Market caps of public LPs: $86M to $1.6B+
#MJBizCon© 2017 Anne Holland Ventures Inc. All rights reserved.
Financing of Canadian Cannabis Companies
#MJBizCon© 2017 Anne Holland Ventures Inc. All rights reserved.
Cronos GroupMike Gorenstein
THANK YOU!
TilrayJennifer Hanser
SkyLaw Professional Corporation
Andrea Hill