Investors heard from dozens of top cannabis executives April 17-18 at the Benzinga Cannabis Capital Conference in Toronto.
Medmen Enterprises Inc (OTC: MMNFF) has licenses for 82 stores in four states — California, Florida, Nevada and New York — Vahan Ajamian, the company’s managing director of analyst relations, said in a presentation.
Echoing a common theme at the Cannabis Capital Conference, Ajamian said California, where MedMen has 10 stores and is building out two more, is the ultimate prize for the cannabis industry as a retail trendsetter.
“There’s a reason that other large retailers in other areas have more stores in California than anywhere else. In retail, if you win California, if you establish dominance there, you’re in a position to run the table in other states.”
Kris Kane, president of 4Front Ventures, a consulting company in the process of merging with Washington-based cannabis producer Cannex Capital Holdings Inc (OTC: CNXXF), said the transaction is not intended to combine assets to grow for scale’s sake.
“This has been a merger of operational competency,” Kane told conference attendees. 4Front Ventures, which has expertise in navigating financial and capital markets, is joining with Cannex, the largest cannabis producer and wholesaler in Washington state.
“We’ve not found anybody in the U.S who produces as efficiently and at scale,” Kane said of Cannex Capital.
U.S. cannabis retailer Curaleaf Holdings Inc (OTC: CURLF), which has 43 dispensaries, is focusing on a CBD products line, said CFO Neil Davidson.
“It’s something that’s really become top of mind in the last three or four months,” Davidson said. “We think it [CBD] …