The fifth installment of the Institutional Capital & Cannabis Conference (IC3) will return to the epicenter of this movement - Los Angeles. By some estimates, the second largest city in the U.S. is already home to a billion-dollar cannabis market.Following on the heels of four successful conferences in California, Miami and NYC, IC3 Los Angeles will reconvene with the industry’s top experts to evaluate market progress, the headwinds faced and the many opportunities that remain in California. The conference will take place May 9 & 10 at the JW Marriott, right in the heart of downtown Los Angeles.IMN is excited to continue our IC3 series of forums aimed at sophisticated investors seeking alternative asset classes and portfolio diversification. This event was created specifically with the needs of the legacy institutional and accredited investor in mind, with panel discussions addressing the various vehicles for investment, due diligence best practice, impact investing and setting realistic ROI expectations for cannabis investments.
Thursday, May 9th, 2019
7:45 AM Registration & Breakfast8:40 AM IMN Welcome Remarks
8:45 AM State of the IndustryIt’s 2019 and the North American cannabis industry is undergoing a rapid evolution. Medical use of cannabis is now legal in 33 states and it is also recreationally legal in 10 states plus the District of Columbia. Last year saw the legalization of recreational use in Canada, and California started issuing licenses for cultivation and the sale of cannabis for adult use. We also saw evidence that corporate America is seriously following the space, with Altria and Constellation Brands making considerable investments into this nascent industry. The end of prohibition is nearing. How does one responsibly analyze all the moving parts to form and develop an investment thesis?ROY BINGHAMCEO, BDS Analytics
9:15 AM Investment Opportunities in Legal CannabisThere are a number of investment sectors in the cannabis industry that attract attention from various capital vehicles. Each sector is different from the other and has unique opportunities and challenges associated with it. This opening panel will discuss how opportunities are evolving across these sectors and what investors should consider when making decisions.SCOTT GREIPERPresident, Viridian Capital Advisors, LLCTROY DAYTONCEO & Founder, The Arcview Group
TAHIRA REHMATULLAHCFO, MTech Acquisition Corp
10:00 AM The US Regulatory Landscape As It Pertains To CannabisMany investors do not understand the laws relating to cannabis and, therefore, find it difficult to make informed decisions about potential investments in the space. This panel of lawmakers and regulators will offer an open discussion on the regulatory environment at the local, state and federal level.
NEAL LEVINECEO, Cannabis Trade Federation
10:45 AM Networking Break
11:15 AM Building a Successful Cannabis Consumer BrandVertically integrated operators are fairly well understood given this is the legacy framework, however there are many different approaches to building a successful consumer brand. There are certain things that every business and investor needs to know and this session will address the importance of intellectual property (IP) and protection strategies, along with scaling and the major differences between businesses “touching the plant” and “not touching the plant”.TOM ZUBERManaging Partner, Zuber Lawler & Del Duca LLP
12:00 PM Impact Investing: Medical Efficacy and Societal Impact of Legal CannabisMore and more investors are looking to have an impact investing allocation in their portfolio. Social justice, regulatory reform and improving the overall health of our society make cannabis a prime fit for this allocation.
12:45 PM Lunch
1:45 PM Setting Realistic Expectations for Cannabis InvestmentsAs is often the case with nascent industries, many people have unrealistic return expectations. This group of active investors discuss some of the investments they have made across the spectrum of cannabis-related businesses, their ROIs and company valuations.
NICO RICHARDSONManaging Director, AFI Capital Partners
PETER ROSENBERGPartner, Merida Capital Partners
VIKAS DESAIPartner, WelCan Capital
2:30 PM Due Diligence on Cannabis DealsFor many investors, this is their first time deploying capital into the space. As such their teams need to understand this unique investment opportunity. This panel of analysts work for firms and investment banks specializing in cannabis and will discuss their processes and best practices. MATT KARNESFounder & Managing Partner, GreenWave AdvisorsROBERT ROMANCEO, Managing Director, MGO Wealth Advisors, LLCJARED COHENMember, Ocean Peak Capital
3:15 PM Networking BreakОтправить3:45 PM The California OpportunityThere has been a sluggish start to California’s legal cannabis industry since legalization, with Governor Newsom’s budget reducing the annual cannabis tax revenue estimate for the fiscal year ending June 30 by $275 million. With a now-finalized regulatory framework to work from and proposed tax cuts possible, this panel of operators, regulators and legal experts discuss the main challenges and opportunities for the legal market in California for the coming year.MARK GRINDELANDCEO, Coda SignatureDUSTIN MOOREExecutive Director, International Cannabis Farmers AssociationERIK OTTPartner, KO AcquisitionsSEAN MCALLISTERAttorney, McAllister Garfield
4:30 PM From Theory to Reality: Invest Like the BestFollowing a day of education and discussion, this session pulls it all together, and we hear from experienced investors and finance professionals who are already active in this exciting new asset class. Our panelists reveal firsthand accounts of where they've found success, hard lessons learned and pitfalls to be avoided, and key nuggets of advice they have for those considering investing in this space.SEAN STIEFELPrincipal, Navy CapitalCHRIS LEAVYFounder, NetPost Capital Advisors
5:15 PM Closing Keynote Address5:30 PM Networking Reception
6:30 PM Day One of The 3rd Annual Institutional Capital & Cannabis Conference West Concludes
Friday, May 10th, 2019
8:30 AM Registration & Breakfast
9:00 AM The Changing Face of Cannabis InvestingLegacy institutional investors and wealth managers are beginning to enter the cannabis space and we are seeing many alternative investment vehicles gaining traction such as cannabis ETFs and SPACs. These large funds, wealth managers and SPACs join us to discuss how they got into the space, what got them over the hump and how the level of buzz amongst their peers has changed in the past couple of years.MATT OSBORNECIO, ArtivestAL FOREMANCIO, Tuatara Capital LPRUTH EPSTEINPresident, CFO & Director, Tuscan Holdings
9:45 AM The Role of Investors in Helping Cannabis Companies Get to the Next LevelSo you’ve made a cannabis investment – now what? This panel of investors will address the next steps after an investment, what they have learned working with companies in the cannabis space and where they feel that they can really add value to the business. Some of the topics discussed will revolve around what you, as an investor, can do to help the business grow including reporting, other processes and shaping company cultureGREGORY THOMAIERFounding Partner, JM10 PartnersBRETT FINKELSTEINCo-Founder/Managing Director, Phyto Partners LPEMILY PAXHIAManaging Director, Poseidon Asset ManagementPrint E-Mail Twitter LinkedInAGENDAThursday, May 9th, 2019Friday, May 10th, 2019My Agenda8:30 AM Registration & Breakfast
9:00 AM The Changing Face of Cannabis InvestingLegacy institutional investors and wealth managers are beginning to enter the cannabis space and we are seeing many alternative investment vehicles gaining traction such as cannabis ETFs and SPACs. These large funds, wealth managers and SPACs join us to discuss how they got into the space, what got them over the hump and how the level of buzz amongst their peers has changed in the past couple of years.
CIOTuatara Capital LP
President, CFO & DirectorTuscan HoldingsОтправить9:45 AM The Role of Investors in Helping Cannabis Companies Get to the Next LevelSo you’ve made a cannabis investment – now what? This panel of investors will address the next steps after an investment, what they have learned working with companies in the cannabis space and where they feel that they can really add value to the business. Some of the topics discussed will revolve around what you, as an investor, can do to help the business grow including reporting, other processes and shaping company culture. GregoryThomaierFounding PartnerJM10 PartnersBrettFinkelsteinCo-Founder/Managing DirectorPhyto Partners LPEmilyPaxhiaManaging DirectorPoseidon Asset Management
10:30 AM Looking to Opportunities in Europe and Other International MarketsEurope is on track to become the world’s largest legal cannabis market within the next five years, with over €500million of investments into European cannabis companies in the last year and a forecasted market worth up to €123billion by 2028.Other markets such as Australia, Latin America, Thailand, South Korea and Israel are at different stages of legalizing marijuana either medicinally or recreationally and are attracting investments from US and Canadian cannabis companies and investors. This session will address the many opportunities across a range of regions, while also discussing the challenges associated with different legal systems, patient access, cultivation supply, logistics and access to products such as oils.
BARBARA PALEYFounder and CEO, Art Assets
11:15 AM Crystal Balling the Future of CannabisAfter one and a half days of discussion, where does this leave us? Which prior predictions played out and what’s in store for the coming year? Industry leaders from business and policy discuss federal legalization and the pathway to the end of prohibition.STEVEN HAWKINSExecutive Director, Marijuana Policy Project
12:00 PM The 3rd Annual Institutional Capital & Cannabis Conference West Concludes
May 9-11 2019
ExpoCannaBiz Business Conference & Cannabis Investing Forum
May 9-10 2019
Institutional Capital & Cannabis Conference (IC3)
Los Angeles, United States