Canadian licensed producers, leading U.S. multi-state operators (MSOs), private-sector operators, cannabis retailers, international exporters, accessory manufacturers and other cannabis-focused financial companies all got red-carpet treatment in the Big Apple at Canaccord Genuity's 7th Annual Cannabis Conference.
In addition to company-specific presentations, which attracted fans and investors, day one kicked off two key-note addresses given by Chris Birkett, VP of the Toronto Stock Exchange (TSX), Tony Dwyer, Cannacord’s chief market strategist and Tim Seymour of Seymour Asset Management.
Key Themes
Topics included operators leaning into core ops, free cash flow targets still trending in the right direction (are they?), lower consumer spending, keeping a close watch on the balance sheet and valuations driven by federal headlines such as the possible passage of the SAFE Banking Act and the ultimate headline everyone is waiting for – cannabis legalization.
Who Was In The House? Impressive List
Canaccord Genuity's Matt Bottomley, CPA and analyst kicked off his informative fireside chats with 4Front Ventures (OTCQX: FFNTF) CFO Andrew Thut who highlighted the company’s low-cost production model that has allowed the company to achieve a leading brand market share in Washington.
They were followed by Daniel Neville, CFO of …