The cannabis industry is seen by professionals as one of the most exciting fields to participate in, with many companies attracting some of the brightest industry experts to join them. Agraflora Organics International (CSE:AGRA) (OTC:PUFXF), National Access Cannabis Corp (CSE:META) (OTC:NACNF), CBD Unlimited, Inc (CSE:EDXC) (OTC:EDXC), FSD Pharma Inc (CSE:HUGE) (OTC:FSDDF) and Chemistree Technology Inc(OTC:CHMJF) (CSE:CHM) have all been working hard to sign on cannabis experts in an effort to gain a competitive advantage over their competition.
As the relatively young cannabis industry continues to mature, one of the best predictors of whether a company will survive in the years to come is the strength of its management team. With becoming increasingly fierce, companies led by management teams with plenty of experience – drawn from both within and outside the cannabis industry – have historically had the best likelihood of success. While every company strives to enlist top cannabis industry veterans – the truth of the matter is, these individuals are a rare find. The addition of experts to any cannabis company not only is a big deal in terms of publicity, but also a strong indicator of future success.
The Importance of Experienced Management Teams
The sheer growth potential of the cannabis industry has attracted some of the best executive talents across the world. According to Grand View Research, marijuana is predicted to become a $146.4 billion market globally by 2025, representing a 34.6 percent increase every year. With such growth opportunities available, it’s not surprising why many executives from Fortune 500 companies chose to leave their safe and conventional career paths to take a risk in the cannabis sector.
Recent Expert Partnerships
Cannabis companies are bringing in experts from diverse backgrounds. Depending on the type of cannabis company, the list of experts includes professionals ranging from cannabis market veterans to retail and healthcare professionals, and even law enforcement. The board of Agraflora Organics International Inc (CSE:AGRA) (OTCMKTS:PUFXF) boasts twolongtime Toronto Police officers on their management team. While, FSD Pharma Inc (CSE:HUGE) (OTCMKTS:FSDDF) is headed by physician turned entrepreneur, Dr. Dr Raza Bokhari, Executive Co-Chairman & Interim CEO.
As such, it’s not surprising that cannabis companies go out of their way to partner with high profile figures. Last month, Aurora Cannabis Inc announced it was partnering with billionaire Nelson Peltz. The relationship would help the cannabis giant better position itself for potential retail partnerships.
A much smaller company, Chemistree Technology Inc (OTCQB:CHMJF) (CSE:CHM), recently made news as well when it signed on legendary cannabis industry veteran Nicholas J. Zitelli – known within the industry by his pen name “Nico Escondido”. As one of the most knowledgeable experts in the cannabis space, Nico Escondido has written hundreds of articles about the cannabis industry and best practices. He also founded the Cannabis Genetics Institute (CGI) in Amsterdam, Holland, helping create custom cannabis strains to treat various medical conditions. Besides all of this, Nico Escondido is best known for being a principal at the High Times brand.
With a monthly magazine in publication since 1974, High Times is one of the best-known groups promoting and developing the cannabis culture. Publishing numerous books and documentaries, High Times also hosts the most prestigious marijuana-related competition in the world. The “Cannabis Cup” brings together industry experts, cannabis enthusiasts, and marijuana companies together across the world and holds contests in various product categories.
“I am very excited to join the Chemistree team” said Nico Zitelli in a press release. “Having known and worked with many of the team members in the past, I am confident we will be able build significant value in the Company and help define the future of the cannabis industry.”
For a company like Chemistree Technology Inc (CHMJF) (CHM), getting Zitelli on board is a big deal. As an early investor in the international cannabis sector that’s expanding their vertically integrated operations, the addition of Nico Zitelli to Chemistree Technology Inc (CHMJF) (CHM) will give the company the industry clout it needs to stand out in the market.
“As Chemistree continues its focus on building one of the world’s leading cannabis companies, it is critical to have an experienced board to put us in the best possible position to achieve success. These are exciting times for Chemistree and Nico represents another outstanding addition to our board of directors on our path of rapid growth,” added Chemistree Technology Inc (CHMJF) (CHM) President Karl Kottmeier. “The High Times Cannabis Cup is the most prestigious and extensive cannabis-related competition in the world and having his broad knowledge/specialized expertise, impressive network and reputation will be invaluable assets to the Company’s strategic direction.”
It’s common for massive, multi-billion-dollar cannabis companies to boast impressive hires within the industry. Chemistree Technology Inc (CHMJF) (CHM), on the other hand, is a company with less than $20 million in market capitalization. The fact that this small cannabis company has signed on one of the top industry experts in cannabis is a major accomplishment for the firm. In comparison, few other companies of a similar size can expect such a major name to come on board – something that will propel Chemistree Technology Inc (OTCQB:CHMJF) (CSE:CHM) to a class well above its peers.
Further Cannabis Developments
Back in late March, Agraflora Organics International Inc (CSE:AGRA) (OTCPK:PUFXF) announced they had fully invested a $40 million equity participation agreement with Delta Organic Cannabis Corp. The agreement would see Agra own a 50 percent stake in the second largest cannabis greenhouse in Canada.
In a recent press release, National Access Cannabis Corp (CSE:META) (OTCPK:NACNF) announced their financial figures for their operations since federal legalization. The company achieved over $20 million in retail sales since October 17, 2018. National Access Cannabis has 23 stores across Alberta and Manitoba and is the largest private cannabis retailer in the country. The company is headed by a team with years of experience in retail and healthcare.
Todd A. Davis, Co-Founder and CEO of CBD Unlimited, Inc (CSE:EDXC) (OTCPK:EDXC), formerly known as Endexx Corporation, brings to the team years of experience in investment banking and entrepreneurship. The company has recently employed a private sales group to help expand the company’s product reach both in Canada as well as internationally. Initially launching as a 25-person sales team, CBD Unlimited is expected to grow this salesforce to up to 500 in the next two years.
Another cannabis company that made a major management team announcement was FSD Pharma Inc (CSE:HUGE) (OTCQB:FSDDF). In a recent press release, the company announced that Dr. Charles Pollack would be joining FSD as the Chairman of their Scientific Board. He brings a long history of clinical research in the areas of pain treatment, thrombosis, and reversing anticoagulation.
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Supply Chain Management Association Becomes Supply Chain Canada
At its AGM yesterday, the Supply Chain Management Association announced its name change to Supply Chain Canada. The association also launched a new website as part of an overall rebranding initiative.
“The new name and look are part of a transformation that we have undertaken as the association enters its second century,” said Christian Buhagiar, President & CEO of Supply Chain Canada. “Today’s supply chains are dynamic and fast-paced. The association for Canada’s supply chain professionals must reflect that.”
Through the rebranding process, the association has also acquired a meaningful new logo and tagline, “Professionals advancing the future.”
The logo’s maple leaf design not only conveys our nationality; it also represents the connectedness of the supply chain, illustrating the networks and collaboration that are so essential to supply chain success, and the interconnectedness of the association’s federation, institutes and members. Its connected dots can be seen, as well, as the complex route of a global supply chain.
“Professionals advancing the future” succinctly communicates both the professional status of supply chain practitioners and their forward-looking perspective. It is intended to:
- Elevate the perception of supply chain practitioners as professionals, acknowledging the value they bring to their organizations and to the Canadian economy.
- Encompass the several ways that the association and its members “advance” – in their personal careers and knowledge, and for the profession, the country and the economy.
- Express the future focus of the association – with its emphasis on the development of skills and policies – and of the supply chain itself, now so focused on AI, blockchain, robotics, automation and so on.
The new website, now at www.supplychaincanada.com, is enhanced with a modern look and new functionality that enables location-based content for users across Canada.
These changes are not simply style enhancements. They are part of a larger plan to strengthen the association. Supply Chain Canada consolidates the organization’s brand across the country under a single name in every province and territory, removing any possible confusion from its federation structure. “The unity that this will ensure will help us improve recognition in the sector, and thereby provide stronger leadership to the Canadian supply chain community,” said Buhagiar.
The association’s transformation began in 2018 with a new vision and mission, as well as an ambitious three-year strategic plan. The new name and rebranding announced yesterday are part of a larger evolution that will continue over the next two years with the introduction of new and revised educational offerings, new initiatives to engage with industry, more value-added membership benefits and more.
SOURCE Supply Chain Canada
Wirex Launches Enhanced Cryptoback™
Today, payments platform Wirex launched a supercharged update of their revolutionary Cryptoback rewards programme. Customers can now earn up to 1.5% back in Bitcoin on Wirex Visa card purchases.
Released in 2018, Cryptoback was the world’s first rewards programme that paid out 0.5% in cryptocurrency for all in-store spending with the Wirex Visa card. Thanks to the recent launch of the Wirex Token (WXT), customers can now triple the amount of BTC they earn – making investing in cryptocurrency easier than ever before.
Depending on the amount of WXT held, in-store Wirex card purchases now generate up to 1.5% in Bitcoin. There are three levels of crypto rewards available:
- 500,000 WXT = 1.5% Cryptoback
- 100,000 WXT = 1.0% Cryptoback
- 50,000 WXT = 0.75% Cryptoback
Wirex have calculated that the average UK consumer stands to earn more than £300 in Cryptoback every year, just by using their Wirex Visa card for day-to-day spending. Unlike many other cashback programmes, Wirex doesn’t impose restrictions on what customers can do with their rewards. Cryptoback can be redeemed instantly into their Bitcoin accounts, or quickly and easily exchanged into fiat for spending.
Enhanced Cryptoback is just one of the ways that holding Wirex Tokens allows customers to get even more out of their account. They can also enjoy heavily discounted fees based on the same structure, with access to premium products, merchant offers and airport lounges coming soon. As Wirex co-founder Pavel Matveev explains:
“We created the Wirex Token to be something that provides tangible value and benefits for holders beyond its market trajectory. Enhanced Cryptoback is the perfect example of this, as it allows customers to earn and invest in digital currency with a minimum of fuss. We’re looking forward to introducing even more benefits for WXT holders soon.”
Export Portal to Address Best Practices in Sustainable Trade Facilitation at the Asia-Pacific Trade Facilitation Forum
Export Portal CEO Ally Spinu will be adding her take on the alignment of trade facilitation and sustainable development goals at a session at the 9th Asia-Pacific Trade Facilitation Forum (APTFF) in New Delhi.
“The Asia-Pacific region is a wealth of unexplored opportunities which lay deep in the communities of local businessmen and women that just need support in bringing their amazing products to the world to see and buy,” Ms. Spinu said. “I am looking forward to this event and being a part of the change that will help local businesses from this part of the world sell their products globally. I deeply believe that shifting attention to developing SMEs is the major change international trade and local economies have been waiting for.”
This year’s APTFF will focus on how digital and sustainable trade facilitation measures and practices can bring prosperity in the Asia-Pacific region. The forum will investigate opportunities from trade digitalization for sustainable progress of the area and challenges ahead in materializing such opportunities. APTFF will feature panel discussions as well as interactive and informative sessions. These sessions will allow participants to share experiences and perspectives on different aspects of trade facilitation, including trade finance, cross-border eCommerce and paperless trade, transit, innovative application of emerging technologies, and more. APTFF will bring relevant regional initiatives and implementation cases to each session, making it a unique opportunity to share knowledge and practical lessons. The forum will also include many side-events providing a more in-depth exploration of the pertinent trade facilitation issues.
“Agricultural products are the fastest category and industry growing within Export Portal, and I can say that is just natural that SMEs around the world are actively looking for new ways for selling their products around the world,” Ms. Spinu said. “The role of innovative technologies such as Export Portal is crucial in helping these SMEs integrate within the world supply chain of food with ease and at optimal costs. I want to explain the current issues existing within SMEs’ integration in international trade due to the high cost involved and how technology slowly but surely changes this.”
Export Portal’s trade goals align directly with the purpose of this session, as its international B2B trade platform is an affordable and all-encompassing solution for SMEs all over the world. The features that are available and being developed on Export Portal, such as the panel of experts (EP+), the educational hub (EPU), and data flow insights (EPI), provide SMEs with the resources they need to trade effectively on an international scale safely, securely, and efficiently.
The Digital and Sustainable Trade Facilitation for Regional Prosperity session is co-organized by ADB, ESCAP, Ministry of Commerce, India and Confederation of Indian Industry and will be held on Wednesday, September 18, from 9:00 to 10:45 AM.
SOURCE Export Portal
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