Investors heard from dozens of top cannabis executives April 17-18 at the Benzinga Cannabis Capital Conference in Toronto.
Lift & Co
Lift & Co Corp (OTC: LFCOF) plans to leverage his company’s leadership position as a trade marketing platform in Canada to fuel an international expansion, said Matei Olaru, the CEO of the data-driven cannabis media and technology company.
Those plans include a move stateside — likely via a base to be established in California — as the U.S. market moves to eventual federal legalization of cannabis, and bigger players expand to survive and thrive.
“Cannabis is a consumer packaged goods category, and now that the legalized market is opening and there’s a land grab, our market data insights will only increase in value,” Olaru said.
iAnthus Capital Holdings
Kalcevich predicts that cannabis use will come to match alcohol consumption levels in the U.S. in 10 years, with the market growing to $200 billion.
“Cannabis use right now in the U.S is around 11 percent [of the population]. What happens if it looks like alcohol usage?”
The cannabis industry is inevitably headed toward a reliance on oil-based products, said Everett Knight, executive vice president of strategy and investments at Valens Groworks Corp (OTC: VGWCF), a cannabis company focused on extraction, distillation and quality testing.
That shift puts Valens GroWorks in an industry sweet spot, Knight said.
“No doctor wants you to smoke cannabis. …