‘Arguably The Quickest-Increasing Company In The World’: six Investment Pitches From The Cannabis Capital Conference


Executives from many firms in or adjacent to the cannabis business delivered their elevator pitches to investors this week at the Benzinga Cannabis Capital Conference in Chicago.

Akerna: On Track to Hit Earnings Guidance

Akerna Corp. (NASDAQ: KERN), a SaaS software program provider to the cannabis business, has met earnings guidance for the previous fiscal year and is on track to meet it subsequent year, mentioned CEO and co-founder Jessica Billingsley, adding that the company has a robust balance sheet.

“We are an attractively valued software program as a service enterprise … that takes place to serve what is arguably the quickest developing enterprise in the globe,” the CEO said. 

The company’s software program platform contains the capacity to track a cannabis item, for instance an edible gummy, from its beginnings as a plant by means of when the oil was infused into the gummy, by means of distribution and down to the time and location it was sold, and to whom.

The exact same cannot be mentioned for a lot of the agriculture business, Billingsley mentioned, recalling the romaine lettuce recall that prevented salad sales in 2018 when investigators attempted to trace the supply of the E. coli outbreak.

“If that had been cannabis, we would know.”

New Frontier Information And Zefyr: Democratizing Information

New Frontier Information and Zefyr, which New Frontier lately announced it is acquiring, are on a quest to democratize the information that underlies their companies.

Rather than just placing out reports primarily based on the enormous datasets about the business New Frontier has spent years collecting, it is opening a “data marketplace,” promoting the underlying details, mentioned COO Gary Allen.

Buyers can now download the information and to their personal evaluation if they want.

At Zefyr, the exact same notion is driving the enterprise, mentioned David Skul, chairman of Zefyr’s board.

It has developed an AI-primarily based platform to aid shoppers ask inquiries of its information and uncover answers to inquiries they want in the kind they want them.

“Instead of us telling you what you will need to know, we’re letting the shoppers inform us what they want to see,” Skul mentioned.

Bhang: Not Just Chocolate Edibles Business Now In Beverages, Beets

Bhang Inc (OTC: BHNGF) has identified a sweet spot as a business with roots in chocolate that got into cannabis, rather than a cannabis business that attempted its hand at chocolate.

The Miami-primarily based business, founded by master chocolatier Scott Van Rixel, began out as a chocolate edibles business, but has considering that grown beyond that to sell a quantity of cannabis-associated items.

Final month the business announced an acquisition that requires it back toward the meals space — even though with prospects for a new cannabis foods mashup.

Bhang acquired organic beverage business Red Ace in September one particular of its key items is beet juice.

Bhang had currently previously partnered with Red Ace on CBD-infused beet juice shots. The business plans now to launch a line of CBD beverages, like sparkling beverages, beneath the Red Ace brand.

Bhang COO Jamie Pearson mentioned the business, which went public in Canada in July, believes obtaining lots of new items to the public, rather than producer development, is the essential to the industry’s future.

“The future of cannabis is shelf space,” Pearson mentioned.

Flourish Software program Increasing In Cannabis SaaS Space

Extra and much more firms all through the cannabis provide chain are moving away from spreadsheets and Google docs and turning to experienced business-particular software program providers, mentioned Colton Griffin, CEO of Flourish Software program, one particular of the firms that supplies that item.

It is a developing chance if the Flourish knowledge is an indicator. The business got its very first 3 consumers in 2017, doubled that the subsequent year and this year grew its consumers by more than 300%, the CEO mentioned.

The subsequent step for the SaaS provider: “We have a quantity of international possibilities in front of us,” he mentioned.

Neptune Searching for To Expand Into CBD Items

Neptune Wellness Options Inc (NASDAQ: NEPT) is searching to move into the potentially useful U.S. CBD marketplace, transitioning from its part now mainly as a hemp extraction and processing business.

The business, which began as a processor of krill oil, lately entered a partnership with International Flavors &amp Frangrances Inc (NYSE: IFF) to co-create hemp-derived CBD items for the U.S. marketplace.

It is a likelihood to “expand our client base to the international CBD and well being and wellness” markets, specifically in the U.S., exactly where the business believes the CBD marketplace is 5 occasions the size of the Canadian marketplace, mentioned Martin Landry, the company’s chief of corporate improvement and technique.

Associated Hyperlinks: 

From Healthcare CBD To Cannavore Edibles: six Cannabis Providers Make Investment Pitches

‘I’m On A Mission From God’: Jim Belushi On Cannabis Cultivation, Celebrity Brands, The ‘Marriage Counselor’ Strain

© 2019 Benzinga.com. Benzinga does not give investment guidance. All rights reserved.


Latest posts