Proactive Investors welcomed a bustling crowd of investors to its inaugural CannaJam Forum on Wednesday evening in New York City.
The event was equal parts fun and informative, bringing accredited investors and small-cap cannabis companies together in a close-knit setting that spilled out into the hallway.
Attendees were greeted by the lively sound of reggae music and an open bar and food sponsored by Callitas Health Inc (OTCQB:MPHMF).
After the opening remarks, Hadley Ford, CEO of iAnthus Capital Holdings (CSE:IAN) (OTCQB:ITHUF), took the floor to share a little about his cannabis cultivation company.
Headquartered in Midtown Manhattan, steps away from the event, the company owns processing and dispensary facilities in six states.
Ford, a 20-year healthcare veteran, was well-equipped to field questions from potential investors.
iAnthus recently broke ground on its 39,500 square foot medical cannabis cultivation and processing facility in Warwick, New York.
Next to present was Weekend Unlimited, a privately held company taking advantage of its cannabis industry connections to create a lifestyle brand.
Board member Brian Keane gave investors a run-down of the ins and outs of the company, eliciting a few laughs from the audience in the process.
The lighthearted company financed one of the world’s largest bongs, standing 24 feet tall and weighing nearly 800 pounds. Its bowl may hold at least a quarter-pound of marijuana.
Based in Vancouver, Weekend Unlimited has indoor cultivation and processing facilities in Washington state. It expects to go public next week, Keane said.
Rob Hill, chief financial officer of Emerald Health Therapeutics at CannaJam 2018
Last to address the room was Rob Hill, chief financial officer of medical cannabis company Emerald Health Therapeutics (TSX: EMH) (OTCQX:EMHTF).
Emerald Health is licensed under the Access to Cannabis for Medical Purposes Regulation to produce dried cannabis and cannabis oil for medical use.
The company has a strong focus on research, receiving a federal grant to explore cannabis strains and cultivation technologies.
Emerald Health is looking to expand its production capacity ahead of the impending legalization of recreational cannabis in Canada this October.
Proactive Investors’ next event is a CEO Investors’ Forum, a gathering of small-cap companies and investors, to be held on September 26.