Cannabis Execs Pitch Investors In Toronto; iAnthus CFO Says Market Will Grow To Same Magnitude As Alcohol

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 

Julius Kalcevich, CFO of the New York-based multistate operator iAnthus Capital Holdings Inc (OTC: ITHUF), outlined the explosive potential for cannabis use in a legalizing U.S. market. 

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?” 

Valens GroWorks

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. …

Full story available on Benzinga.com

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