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New Frontier Data And MassRoots Join Forces

DISTRICT OF COLUMBIA: New Frontier Data, a leading provider of data, analytics and business intelligence in the cannabis industry, and MassRoots have announced a partnership designed to “elevate digital marketing practices and better understand social consumer behavior at a pivotal time in the cannabis industry.”

“It is an exciting time in the cannabis industry whereby large financial, research, and consumer-focused enterprises are now looking to understand risks and opportunities stemming from this booming industry. MassRoots is the largest social media platform dedicated to cannabis in the world, with incredible engagement from its members, creating a unique opportunity to learn from them and educate brands, investors, and mature markets entering the cannabis arena,” said Giadha Aguirre De Carcer, CEO and founder New Frontier Data.

“This past year at MassRoots we have been focused on taking our amazing cannabis community to the next level with a new leadership team and its vision to take the company beyond the social media platform and this partnership with New Frontier Data should allow us to achieve that. This industry has evolved from a movement into a thriving market that is hungry for data to serve its shareholders and consumers. Only through the data analytics provided by New Frontier Data and our understanding of our community can we believe we can move this emerging market and pioneering platform forward,” said Scott Kveton CEO at MassRoots.

New Frontier Data’s data engine will enable MassRoots to aggregate, analyze and monetize the large volume of consumer engagement data being collected by the MassRoots mobile application and web portal. By combining MassRoots consumer data with New Frontier Data’s Big Data Engine and market leading industry analytics, we will then be able to generate greater insights into the 3 million users in the MassRoots eco-system and establish correlations between their interests and interactions across multiple channels. This collaboration is expected to will create broader applications allowing for far more sophisticated and targeted digital advertising, as well as more advanced consumer engagement.

MassRoots Files Suit Against Former CEO

COLORADO: MassRoots, Inc., a leading technology platform for the legal cannabis industry, announced that on November 14, 2017 it filed a lawsuit in District Court in Denver, Colorado against its former CEO, Isaac Dietrich. The complaint alleges, among other things, that Dietrich intentionally misappropriated Company funds and engaged in self-dealing by causing MassRoots to make unauthorized payments to him and third parties on his behalf, for his personal benefit, in various amounts totaling in excess of $250,000, which also constituted a wrongful conversion and civil theft of Company funds, and that Mr. Dietrich has been unjustly enriched as a consequence of the foregoing.  The complaint also alleges that Dietrich has intentionally violated the Separation Agreement he signed with the Company.

Scott Kveton, MassRoots CEO, stated “The days of Isaac Dietrich treating this Company like his personal piggybank are over.  It is not surprising to us that only a few days after we filed our lawsuit against him, he filed a preliminary proxy statement with the SEC with the intent to remove the Board and retract the lawsuit against him.  I have faith that the shareholders of this Company will see through this ruse and recognize the folly of putting Dietrich back in charge.”

Kveton continued, “Our last fiscal quarter was the worst quarter MassRoots ever recorded, and it was all Isaac Dietrich’s doing.  Moreover, misappropriation of Company funds and illegal drug use at the workplace are unacceptable on any level.  We intend to enforce the standstill provisions of the Separation Agreement as we believe engaging in a protracted proxy contest now would be a huge waste of our Company resources and a diversion by Isaac Dietrich to avoid the potential consequences of his wrongdoings. We have also been in touch with the appropriate local and Federal authorities on these matters.”

MassRoots To Acquire CannaRegs

COLORADO: MassRoots has announced the acquisition of CannaRegs, a leading technology platform that tracks changes in cannabis regulations and taxation at the municipal, state, and federal levels.

MassRoots, Inc. has entered into a definitive agreement to acquire CannaRegs in a stock deal valued at approximately $12 million. The closing of the acquisition is subject to closing conditions as fully detailed in MassRoots’ Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on August 23, 2017.

Founded by former Federal Reserve regulator Amanda Ostrowitz in 2014, CannaRegs will be critical in helping the California adult-use market stay compliant. As one of the premier technology companies in the cannabis industry, CannaRegs is recognized for leading the movement with majority female leadership at its helm.

“We hope that this acquisition will expand MassRoots’ compliance offerings, consolidating the most important operations for cannabis businesses into one central platform,” said MassRoots CEO Isaac Dietrich. “We expect with MassRoots’ resources and relationships, we can grow the number of businesses utilizing CannaRegs and significantly increase MassRoots’ contractually-obligated monthly recurring revenue.”

MassRoots is a cannabis social network that allows users to research cannabis strains and product information, locate dispensaries and products, and read the latest in cannabis news. The CannaRegs software-as-a-service (SaaS) enables dispensary owners, law firms, investors, consultants, and municipalities to track cannabis regulations, both implemented and proposed, in real-time, ensuring they stay compliant with state and local law.

This acquisition, when closed, is expected to cement MassRoots’s consolidation of the business-to-business software market, along with recent acquisitions of Odava, a leading point-of-sale platform for cannabis-related business, and Whaxy, an online menu-management and consumer loyalty platform. When completed, the CannaRegs acquisition will enable businesses to easily update their operational procedures and report to regulators through the MassRoots platform.

CannaRegs Logo

“The cannabis industry is increasingly becoming compliance-centric and even minor changes in municipal regulations can have a significant impact on  day-to-day operations. CannaRegs has made it easy for businesses, regulators and attorneys to track regulatory changes in real-time, often for less than the cost of one billable hour,” said CannaRegs Founder and CEO Amanda Ostrowitz, who is also a licensed attorney. “By becoming part of MassRoots’ expanding portfolio of technology offerings, we will be able to realize strong synergies in the development and distribution of our platform. We look forward to aggressively growing our market share in California and other key markets.”

In California alone, there are 539 local jurisdictions with different regulations, tax rates, and zoning laws related to the cannabis industry. With the upcoming adult-use market set to open in 2018, local jurisdictions are currently writing new regulations and cannabis entrepreneurs are doing their best to stay up-to-date.

For more detailed information, please see MassRoots’ Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on August 23, 2017.

 

A Letter From MassRoots Chairman About Merger With Odava

NEW YORK: MassRoots, one of the leading technology platforms for the cannabis industry, has released the following update from its Chairman and CEO Isaac Dietrich concerning its planned merger with Odava.


Dear MassRoots Shareholders,

Last week, MassRoots entered into an agreement and plan of merger with Odava, Inc., a leading compliance and point-of-sale system for cannabis-related businesses. The closing of the merger is subject to various closing conditions as we have detailed in our Current Report on Form 8-K filing, dated July 5, 2017. Upon effectiveness of the merger, MassRoots can offer clients a complete set of solutions to operate their business: advertising to cannabis consumers, reporting to state regulatory systems, and streamlined management of their supply chain. This acquisition, along with other recent developments, further solidifies MassRoots as one of the leading technology companies in the regulated cannabis industry, which ArcView Market Research projects to grow from $6 billion to $22 billion over the next five years.

Our main focus is expanding market share in states where Odava is able to report to state regulators via Franwell, Inc.’s METRC system, currently OregonAlaska, and Colorado. Just a few days ago, it was announced that California will be utilizing METRC, enabling us to enter the largest regulated cannabis market in the U.S. with minimal integration modifications. With more than 1,000 dispensaries expected to be subject to California state regulations for the first time, this presents a unique growth opportunity for MassRoots to on-board these dispensaries to the Odava system as well as our other offerings.

Our main engineering priority is integrating MassRoots’ community of over a million cannabis consumers with Odava, enabling consumers to view pricing and inventory data in real-time, identifying the best strains and products through community-driven reviews, and empowering dispensaries to implement customer loyalty and deal programs to boost retention. We believe the seamless integration of our systems will give us a unique value proposition to dispensaries by consolidating the most important functionality and data collection in one central platform.

Four years ago, I invested my life savings to start MassRoots and since then, purchased stock on two occasions at $0.50per share, to take advantage of three core opportunities in the cannabis marketplace:

  • Patients and consumers need an app to find the best products and, as state and App Store regulations permit, order cannabis directly from their smart phones;
  • Cannabis-related businesses are in need of result-driven advertising and customer loyalty systems to boost sales. An online community of over a million of the world’s most passionate cannabis consumers is their target audience; and
  • Dispensaries need reliable software to streamline their operations and manage their compliance reporting to state regulators in an efficient manner.

We believe MassRoots is uniquely positioned to solve these problems. First, we estimate our market-share of cannabis consumers on our mobile applications is among the top three in the country and the MassRoots brand is one of the most recognized in the industry. Second, we have a top-tier engineering team, made up of some of the world’s top technologists that enables us to build better products and move faster than anyone else in the space. Third, MassRoots has one of the largest data sets in the cannabis space, giving us knowledge on the sector very few people have – and giving us the necessary insight to build products that drive immediate value for dispensaries. Lastly, with over 25,000 shareholders, $17 million raised to date through equity financings and warrant exercises, and no long-term debt on our balance sheet, we believe we have access to the capital necessary to rapidly grow our platform.

In late 2016, we began leveraging MassRoots’ stock as a strategic currency, allowing us to acquire Whaxy and, now, Odava, which extends our platform’s reach into retail dispensaries. We are currently evaluating several other synergistic and technology-focused opportunities that we expect would expand MassRoots’ revenue channels and cross-selling opportunities.

As is the case with many companies operating in a dynamic environment, MassRoots’ execution has not been perfect – we spent too much money advertising to consumers, over-expanded the size of our staff and overhead, and did not effectively listen to our clients to better solve their needs. The Odava integration plan has given our leadership team an opportunity to re-evaluate our strategy and the following changes have gone into effect:

  • We have significantly reduced our advertising budget and staff devoted to marketing and community-outreach. MassRoots already has one of the largest user bases in the industry and going forward, we expect our brand growth to be primarily-driven by dispensaries on-boarding their customers as part of a consumer loyalty program.
  • In an effort to expedite the development of MassRoots’ new business portal for dispensaries, we retained one of the most reputable development firms in Silicon Valley to supplement our in-house development team. With the work on this portal nearly complete, we decided not to renew this contract, under which we have paid approximately $100,000 per month since the beginning of 2017. It is important to note that we have not capitalized any of the over $5 million MassRoots has spent on development-related salaries and expenses over the past several years; we believe that by immediately expensing these costs rather than spreading them out over time, it will enable us to reach profitability more rapidly.
  • While our current Chief Operating Officer, Daniel Hunt, has been instrumental in helping MassRoots grow to this point, we have both recognized it is time to bring in a more seasoned operator to lead our team on a day-to-day basis. Over the past several weeks, our leadership team and I have interviewed several candidates with the experience necessary to bring MassRoots to the next level. We expect to announce a new Chief Operating Officer in the near-future.

Collectively, the changes we have implemented are expected to reduce MassRoots’ expenses by more than $1.5 millionannually while still enabling us to deliver on our core business objectives. Despite the challenges we have encountered over the past few years, MassRoots has succeeded in establishing one of the most recognizable brands in cannabis with one of the largest market shares of cannabis consumers and extensive sets of data – uniquely positioning our company to dominate the cannabis technology space.

Going forward, the MassRoots team is going to be focused on two core metrics: the number of dispensaries utilizing our platform and the monthly recurring revenue we have contracted with dispensaries. While we utilize a number of other data points to analyze and adjust our strategies, fundamentally, these two metrics best reflect the health of our business. We look forward to regularly updating investors on these metrics and our progress.

With CaliforniaNevada, and several other new markets coming online in the near-future, we are in an incredible position  to leverage our brand’s equity and capabilities to seize this opportunity. We are grateful for your continued trust in our company and look forward to updating you on our progress.

Regards,
Isaac Dietrich
Chairman and Chief Executive Officer
MassRoots, Inc.

MassRoots’ latest corporate overview deck is accessible here.

MassRoots Enters Into Definitive Agreement To Acquire Whaxy

COLORADO: MassRoots, one of the leading technology platforms for the cannabis industry, this week announced it has entered into a definitive agreement to acquire DDDigtal Inc. d.b.a. “Whaxy” & Cannabuild for $100,000 cash and 2,926,830 million shares of MassRoots’ common stock.

Since launching in May 2016Whaxy‘s menu management and online ordering platform for licensed cannabis businesses has processed over $5 million in volume across 40,000 unique transactions. The acquisition is subject to customary closing conditions.

screenshot-2016-12-17-10-31-57“This acquisition, when completed, will expand MassRoots’ offerings to include a full suite of dispensary software solutions – online ordering, marketing, and real-time inventory management— for cannabis businesses,” stated Isaac Dietrich, MassRoots CEO. “Zach Marburger is a brilliant strategist whom we’ve known for years and Whaxy’s CTO Micah Davidson engineered one of the best technology platforms on the market with a lean budget. We could not be more excited to welcome them to the MassRoots team. Over the next few months, our main focus will be increasing the number of dispensaries utilizing the MassRoots/Whaxy platform.”

“We could not be more excited to be joining forces with MassRoots, enabling Whaxy’s system to scale its transaction volume, provide new capabilities to our customers, and add more enterprise value far more rapidly than we would have on our own,” stated Zach Marburger, Whaxy founder and CEO. “MassRoots comes to the table with hundreds of thousands of end-cannabis consumer relationships, hundreds of dispensary clients, a world-class development team, and one of the largest shareholder bases in the industry. The synergies between our two companies are strong and together, we’re building a cannabis technology powerhouse.”

Whaxy’s platform seamlessly integrates with nearly every major point-of-sale system used dispensaries and will seamlessly connect to the MassRoots network, allowing for live pricing, online ordering, and product feedback. Over the last six months, Whaxy has been used by some of the leading businesses in the industry, including Harborside, GreenHouse, Cresco Labs, and more.

Curaleaf Completes The Acquisition Of Grassroots Creating The World’s Largest Cannabis Company

Market Leading U.S. Presence Across 23 States with Over 135 Dispensary Locations and Licenses

Mitchell Kahn, Grassroots Co-Founder and CEO, Appointed to the Curaleaf Board of Directors

MASSACHUSETTS:  Curaleaf Holdings, the largest vertically integrated cannabis operator in the United States, today announced that it closed its milestone acquisition of GR Companies the largest private vertically-integrated multi-state operator in the United States, on July 23, 2020.

With completion of the acquisition of Grassroots, Curaleaf is the world’s largest cannabis company by revenue and the most diversified vertically integrated cannabis company in the United States, the world’s largest cannabis market. The transaction expands Curaleaf’s presence from 18 to 23 states, with the combined company having affiliated operations spanning over 135 dispensary licenses, 88 operational dispensary locations, over 30 processing facilities and 22 cultivation sites with 1.6 million square feet of current cultivation capacity. Curaleaf’s expanded geographic dispensary presence now offers access to medical or adult use Cannabis to more than 192 million people, or roughly two-thirds of the United States population.

“The successful acquisition of Grassroots marks Curaleaf’s expansion into new vertically integrated markets in the Midwest, firmly establishing our U.S. market leadership position. This highly complementary combination brings together two companies with a shared vision for enhancing patients’ and customers’ lives with high-quality cannabis wellness and lifestyle products. I’d like to welcome all our new Grassroots colleagues, patients and customers to the Curaleaf family as we pursue our mission of improving lives by providing clarity around cannabis and confidence around consumption,” commented Joseph Lusardi, CEO of Curaleaf. “The integration of Grassroots is expected to be immediately accretive to our financial performance, with our unprecedented scale providing significant opportunities to leverage Curaleaf’s powerful consumer brands as well as new form factor innovations across our expanded national presence.”

Completion of the transaction strategically accelerates Curaleaf’s expansion into Illinois and Pennsylvania, which are among the largest and fastest-growing cannabis markets in the United States. Upon close, Curaleaf will hold a leading licensed cannabis presence in state markets including ArizonaConnecticutFloridaIllinoisPennsylvaniaMarylandMassachusettsMaineNevadaNew JerseyNew YorkNorth Dakota, and Vermont.

The cultivation and processing assets in Illinois have been transferred and the formal approval to transfer certain retail assets is expected imminently. Maryland operations previously affiliated with Grassroots may be transferred to Curaleaf after expiration of the statutory hold period, subject to regulatory approval and compliance with restrictions on ownership or control of multiple cultivation, processor and dispensary licenses in the State.

Mitchell Kahn, Co-Founder and CEO of Grassroots, commented, “Both Grassroots and Curaleaf are driven by a similar, positive culture and we are excited to join forces, adding scale and a combined strategic vision to create a dominant position in the industry. This opportunity would not have come to fruition without the strength of our highly skilled executive team, who have built an impressive portfolio at an unprecedented pace, with facilities in highly competitive markets. We look forward to integrating our talent and resources to build a great consumer product company – one that is dedicated to producing and delivering high-quality, safe and effective cannabis products to the customer.”

Curaleaf Announces New Board Member

Upon closing of the transaction, Curaleaf has appointed Mitchell Kahn, co-founder and CEO of Grassroots, to the company’s Board of Directors effective immediately. The appointment of Mr. Kahn expands the Curaleaf Board of Directors from five to six members.

“On behalf of the Curaleaf Board of Directors and management team, we are pleased to welcome Mitch to the Board. As a co-founder of Grassroots, he brings an impressive track record for success in building the largest private, vertically integrated U.S. multi-state cannabis operator. Combined with his deep experience across commercial real estate as well as the legal field, Mitch adds significant expertise and insight that will be vital as we extend our market leadership position and drive long-term shareholder value,” said Boris Jordan, Executive Chairman of Curaleaf.

Mr. Kahn co-founded Grassroots Cannabis in 2014 and brings more than 20 years of senior executive experience. He currently serves as Principal and CEO of Frontline Real Estate Partners, for which he is also a Founder, and previously served as President and CEO of Hilco Real Estate. Mr. Kahn is a CPA, as well as an attorney who has formerly practiced real estate law. He is a graduate of the University of Wisconsin, School of Business and Northwestern University, School of Law.

 

The Emerald Cup 2022 Moves to Los Angeles & Adds “Harvest Ball” NorCal Event

CALIFORNIA: The iconic cannabis competition, The Emerald Cup, is proud to announce they are moving the ECA’s (The Emerald Cup Awards) and legendary festival for 2022 to Los Angeles. This news follows a historic 2021 event where the pandemic-proof event went virtual – via hundreds of hours of new and existing content – becoming “The Emerald Cup Channel” on cannabis’ first TV network Social Club TV. A full director’s cut of the event debuted for video-on-demand on 4/20/2021.

Staying connected to their roots the traditional December dates for the Cup will live on as the Emerald Cup Harvest Ball and the beginning of the Road to the Cup.  The event will be the opening of submissions for the Spring 2022 contest and the beginning of the Road to the Cup.  The event will be more intimate than the past and focus on the fresh harvest and genetics.  Tickets will be limited so don’t wait and miss out.  Described as a global gathering of the Emerald Cup tribe in celebration of the traditional harvest time, the event will take place in Santa Rosa, CA over 2 days and will continue to offer education, entertainment and community to their international family and fan base.

“The tribe has spoken and we are making the move to bring our Cup to the world’s largest cannabis community and industry  – Los Angeles” says The Emerald Cup founder and CEO Tim Blake. “Following our most recent, and largest event ever, our community has exploded and we are transitioning to a venue closer to the epicenter of California’s cannabis market. This evolution continues as we cement our place as the most recognized and attended cannabis competition in the world.”

Named the “Academy Awards of Cannabis” by Rolling Stone, The Emerald Cup, has celebrated excellence in organic, sun grown and now indoor cannabis with over 35 catagories and awards across the product spectrum from flower, concentrates, topicals and edibles. Attracting countless attendees and special guests over the years, including top talent including The Roots, Ziggy Marley, Michael Franti, Rebelution, Chelsea Handler and SantiGold. Joining the calendar and complementing The Emerald Cup, the new Harvest Ball is an opportunity for the community among the cannabis industry to serve as a first opportunity to submit entries for the 2022 Emerald Cup Awards, but will also host a diverse marketplace, high-wattage musical performances and expert panel discussion on trends and innovation and in the industry.

Key elements of The Emerald Cup Harvest Ball will include:

  • Featuring the fresh harvest of the growing season with a focus on new genetics

  • Marketplace

  • Emerald Concert Stage

  • Kickoff to the 2022 Emerald Cup Contest

  • A Sanctuary Space honoring plant medicine with educational and entertainment programming

  • Area 101 (Where it all started)

  • Regenerative Agriculture Garden Activation

  • VIP Parties

  • Food, Beverages and Cannabis

“With over 17 events, starting with our first in 2004, the Cup has always been a fixture on the cannabis and festival calendar with our early December presence,” shared Tim Blake.With the pandemic forcefully changing, and evolving us, we moved this year’s event to April. The response from our community, entrants and audience was resounding, this new timing was better for growing and cultivating the most optimum entries for competition. Our new event the Harvest Ball  continues to open the space for our community to bond and share information in the wake of a time of massive change across all parts of cannabis. What this experience is teaching us is that our industry thrives on communication and collaboration. We are confident the Harvest Ball will quickly blossom into a must-attend in all our calendars.”

Curaleaf Announces New Branding For All Connecticut Dispensary Locations

Curaleaf Brand Coming to Recently Acquired Arrow Alternative Care and Grassroots Dispensaries in GrotonHartfordMilford and Stamford

MASSACHUSETTS: Curaleaf Holdings, Inc., a leading vertically integrated cannabis operator in the United States, announced new Curaleaf dispensary branding for all of the Company’s recently acquired Arrow Alternative Care and GR Companies, Inc. (“Grassroots”) dispensary locations in Connecticut. Curaleaf is the largest national retail dispensary brand in the U.S., and a premium mainstream cannabis brand available in 23 states as well as across a wide range of innovative products and form factors.

Joseph Lusardi, Chief Executive Officer of Curaleaf, said: “Building on our market leading position in Connecticut, we’re pleased to bring the Curaleaf branding to all four of our local medical cannabis dispensaries in the state. The rebranding of these locations directly aligns with our strategy of building strong, national brands that are renowned for high-quality products, backed by science, that deliver exceptional customer satisfaction.  With our Curaleaf brand in health and wellness, and our Select brand ranked as the #1 cannabis oil brand, we remain focused on providing our products directly to an expanding range of Connecticut patients. Overall, we are extremely proud to be active partners within these local communities and we look forward to building long-lasting relationships with them.”

Curaleaf began cultivating and processing medical cannabis in Connecticut in 2014. Today, Curaleaf is one of four licensed growers in Connecticut and operates a 60,000 square foot cultivation facility in Simsbury that provides high-quality cannabis products to over 9,000 patients statewide through its four dispensaries as well as wholesale channels.

In April of 2020, Curaleaf achieved vertical integration in Connecticut with the completion of its acquisition of Arrows’ dispensaries in Harford, Milford and Stamford, three of the largest Connecticut metro-areas. Under Curaleaf’s branding strategy, all three former Arrow dispensaries have been rebranded as Curaleaf dispensaries. Strategically placed in key metro areas, Arrow established itself as a market leader in Connecticut, operating three out of the 18 total dispensaries in the state. The Hartford dispensary opened in 2016, followed by Milford in 2017 and the Stamford store opening to customers in January of 2020. Additionally, in July of 2020, Curaleaf successfully completed the acquisition of Grassroots, including the Grassroots Herbology dispensary located in Groton, which has also been rebranded as a Curaleaf dispensary.

Curaleaf’s Connecticut dispensaries offers a broad range of flower, extracted oil and edible products manufactured to meet the highest product quality and regulatory compliance standards. Connecticut recently added as a qualifying medical condition Chronic Pain of at least six months duration associated with a specified underlying chronic condition refractory to other treatment intervention, which has the potential to significantly expand the size of the addressable market. In June of 2020, Curaleaf expanded its line of Select brand products into Connecticut with Select Elite Live cartridges available at local medical dispensaries across the state. Select, America’s #1 cannabis oil brand, can be found in 14 states including ArizonaCaliforniaColoradoConnecticutFloridaMarylandMichiganNevadaNew YorkOhioOklahomaOregonMassachusetts, and Maine. As a recognized industry leader, Select is committed to meeting high quality control standards and testing transparency as well as delivering a smooth, flavorful experience with all products formulated with strain-specific terpenes.

During the COVID-19 pandemic, Curaleaf dispensaries have been deemed an essential service in many states, including Connecticut. Curaleaf continues to serve patients and customers while implementing heightened safety and hygienic measures including increased cleaning protocols, social distancing, mobile pre-ordering, and curbside pickup for at-risk populations.

For additional information about Curaleaf’s Connecticut dispensaries please visit https://ct.curaleaf.com/

Burns & Levinson Hosts Fourth Annual State Of The Cannabis Industry Conference Virtually On October 29, 2020

Cannabis startups invited to apply for opportunity to present one-on-one to investors in “Capital Connection” program.

MASSACHUSETTS: Burns & Levinson will host its fourth annual “State of the Cannabis Industry” conference – which will be held virtually and will focus on critical issues in the multi-billion dollar cannabis industry – on October 29, 2020 from 9:00 a.m. to 2:00 p.m. ET. In addition to the event’s Q&A sessions, expert panels and keynote, Burns & Levinson is launching a new “Capital Connection” program to match cannabis industry startups with investors looking for early-stage companies to potentially fund or mentor. Cannabis startups will be selected through a competitive process to present their companies in private 20-minute online meetings with capital providers from 2:00 p.m. to 5:00 p.m. Emerging cannabis companies can apply here until October 16, but companies are encouraged to apply early.

The conference will feature an interview with Commissioner Steven Hoffman, Chairman of the Massachusetts Cannabis Control Commission, in an exclusive one-on-one Q&A with Frank A. Segall, co-chair of the Cannabis Business & Law Advisory Group at Burns & Levinson. Keynote speakers include: Joseph Lusardi, CEO of Curaleaf, and Mitchell Kahn, co-founder and CEO of Grassroots. Curaleaf, which is a leading medical and wellness cannabis operator in the U.S., closed a landmark $830 million acquisition of Grassroots in July 2020 – creating the world’s largest cannabis company.

The expert panels and Q&A sessions will tackle a wide range of issues impacting the cannabis industry including capital markets, M&A and investments, secured lending, workouts and restructurings, and developments in the hemp and CBD market.

“Despite the pandemic, we are still seeing significant business opportunities in the capital markets, investments and M&A areas to invest in and acquire cannabis, hemp/CBD and cannabis-related companies. We look forward to fostering these relationships through our Capital Connection program,” said Segall. “Even though we can’t physically be together like in previous years, we are very excited about this year’s conference and the opportunities for participants to make connections, develop partnerships and learn from our peers and industry leaders,” added Scott Moskol, who co-chairs Burns’ Cannabis Business & Law Advisory Group with Segall.

The conference sponsors include: Cohn Reznick, Hub International, GFA Federal Credit Union, Nucleus One, Green Check Verified, Paragon Payroll, and Elevate Northeast.

Burns & Levinson was the first major Boston corporate law firm to develop a cannabis business practice, and has been advising cannabis businesses, entrepreneurs and investors across the country for over seven years. The firm has unrivaled experience in cannabis and hemp/CBD business formation and corporate structuring, private placements, venture capital, M&A, securities, banking issues, fund formation, debt and equity financing, restructuring and receiverships, real estate acquisitions and leasing, intellectual property protection, 280E taxation issues, and cannabis litigation.

The firm is well-known for its role in the cannabis banking industry and has worked with multiple financial institutions to establish a framework that allows them to accept cannabis-derived deposits. Burns & Levinson is currently working with regulated financial institutions and non-regulated private funds to set up first-of-their-kind cannabis lending programs. The firm is also among the top law firms in the country handling high-level corporate and financing deals in the private and public markets in the cannabis market.

For more information about the conference and to register click here. For information on sponsorship opportunities, please contact Kristen Weller at kweller@burnslev.com.