VIDEO — Stoic Advisory CEO Aaron Salz on Having a Diversified Portfolio
During the Lift & Co Cannabis Expo in Toronto (May 25-27) the Investing News Network (INN) had the opportunity to catch up with Aaron Salz the CEO of Stoic Advisory, a firm working with cannabis companies on corporate finance.
Salz participated at the conference through two different panels. On Thursday (May 24) he served as a speaker for an investing panel on the Cannabis Business Conference day. Then on Saturday (May 26), Salz was part of a startup cannabis company pitch competition where he acted as a judge alongside other experts.
So far 2018 has been largely dominated by advancements in consolidation and M&A activity among cannabis ventures. Salz said he sees two driving forces causing this effect, with one being the need by some of the larger companies attempting to extend their reach.
“You have companies that are trying to be the largest in the industry,” Salz said. “They want better access to capital, they want better trading liquidity, they just want to be big as humanly possible and have as much cash as possible.”
Investors in the space will find Salz provided poignant commentary on an industry he has been following through closely. Salz critical points on the development of the cannabis space can also be found on his personal Twitter (NYSE:TWTR) where he comments on the market news.
To watch the interview scroll to the top of the article to find out more about what Salz had to say. The full transcript of the interview will be added shortly.
Also for the photo for this, grab a screenshot from the video, I’m not sure if production will create photos for the conference videos to go in the article [they have in the past] but do that for now at least]
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Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.
The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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