All posts by CSE Blogger

Jeffrey Guillot from Millennial Strategies on Cannabis Advocacy | The CSE Podcast Ep31-S2

Episode 31 of The Exchange for Entrepreneurs Podcast is live! The CSE’s Barrington Miller chats with Millennial Strategies Partner Jeffrey Guillot about the company’s lobbying work, cannabis legalization in the US, and New York State’s positioning within the industry. The conversation also addresses CAURD licenses, the illicit versus legal markets, and cannabis oversupply.

Here’s an overview of what Barrington and Jeffrey discuss in this edition of The Exchange for Entrepreneurs Podcast:

00:00 – Introduction
00:24 – What is Millennial Strategies all about?
01:42 – What does a lobbyist do?
03:06 – Cannabis in New York State
08:01 – New York State’s potential
11:15 – What will happen to the legacy market?
15:36 – Is Federal legalization possible?
21:45 – What can be done about oversupply?
25:20 – Where can we learn more about Millennial Strategies?

Learn more about Millennial Strategies at https://millennialstrat.com/

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CSE Going Global: Highlights from Recent Travels to Israel and Australia

At the Canadian Securities Exchange, we pride ourselves on being the exchange of choice for entrepreneurs from a range of industries around the world. The growing international demand for deep expertise in public venture capital, especially in areas like mining, cannabis and technology, are part of the reason why members from our team recently travelled to meet with entrepreneurs in Israel and Australia.

Israel: Connecting with Entrepreneurs

The CSE’s most recent trip to Israel in November is the continuation of more than five years of visits. Mark Francis, the CSE’s Senior Advisor of Listings Development for Western Canada, sought to strengthen key relationships and further the CSE’s interests in the region. 

With an economy that encourages and nurtures entrepreneurship, especially at the growth stage, Israel offers a vibrant start-up environment. That said, according to sentiment on the ground, investment funding tends to skew towards bigger companies, which means growth-stage firms may need to look further afield for venture capital. 

Fortunately, Canada – and the CSE in particular – are appealing to Israeli entrepreneurs because of our streamlined small-cap regulatory environment, strong company disclosure framework, large volumes of small-caps driving expertise, and integration with the US capital markets. Additionally, Mark noted that many Israeli entrepreneurs were quite open to sharing ownership with experts and investors who have a broad cross-section of skill sets in order to accelerate getting deals done.  

Australia: A Mining Powerhouse

With mutual interests and expertise in mining, a history of Canadian companies listing in Australia and vice versa, Canada represents an important pool of investment capital for early-stage Australian mining companies.

The seemingly natural fit between these two global mining powerhouses is what motivated CSE’s Director of Listings Development for Western Canada Anna Serin to connect with entrepreneurs and various capital markets stakeholders at several mining-focused investment conferences in Australia this past November. 

From Perth to Sydney to Melbourne to Noosa, Anna had the opportunity to meet with issuers, investors, and miners on their home court. Whether it was at the International Mining and Resources Conference (IMARC), the Noosa Mining Investor Conference, as well as at other local meetups, it was clear that there are opportunities for the CSE and Australian-domiciled companies to consider pursuing in the future. 

What stood out to Anna during her time in Australia was the energy level around mining. In particular, the level of enthusiasm among attendees of mining events as well as the ease with which one could network, made these events as enjoyable as they were valuable. 

Of course, one big topic of discussion and focus was lithium. Undoubtedly, this theme, as well as the conversation on how to raise capital in the current environment will continue to be topical in the upcoming slate of mining conferences here in Canada.

Continuing to Push Globally

Despite journeying to very different markets, the entrepreneurial spirit among early-stage companies is remarkably similar around the world. The combination of a tenacity to grow as well as the desire for accessible public venture capital mean that entrepreneurs across the globe are increasingly looking to the Canadian Securities Exchange as a destination to write the next chapter in their respective growth stories. And, we are undoubtedly happy to welcome them. 

As 2022 winds down, the CSE team will be taking a well-deserved break from travelling. We look forward to hitting the road — and skies — again in 2023 and are especially excited to see our friends, old and new at events throughout the next year.

Jen Rainnie on Beach Lifestyle Footwear Brand Malvados | The CSE Podcast Ep30-S2

Episode 30 of The Exchange for Entrepreneurs Podcast is live! The CSE’s Barrington Miller chats with Malvados Founder & CEO Jen Rainnie about her journey from being a former Canadian windsurfing champion to a fashion entrepreneur, her advice for women in business, and Malvados’s beach-inspired footwear and authentic brand identity. The conversation also addresses the steps Malvados is taking toward environmental, social and governance (ESG).

Here’s an overview of what Barrington and Jen discuss in this edition of The Exchange for Entrepreneurs Podcast:

00:00 – Introduction
03:27 – What is Barrington wearing?
04:19 – What is the landscape like being a female entrepreneur?
05:46 – What exactly is surf culture today?
06:51 – Who is your customer?
09:55 – What advice would you give to yourself knowing what you know now?
12:23 – What market has surprised you the most?
16:12 – What are your long term goals?

About Jen Rainnie

 Upon her arrival home to Canada, Jen began a long and successful career in the action sportswear industry. Noticing a need for a more luxurious, yet comfortable sandal, an idea was sparked. Always one to seize an opportunity, Jen set out to create her own fashion-forward footwear label, one that would prove sandals aren’t just for the beach—they’re also for every festival, wind-in-your-hair, road-tripping moment in between. And so the story goes, MALVADOS was born.

Learn more about Malvados at https://malvados.com/

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Beau Whitney on Data-driven Economic Models for Cannabis | The CSE Podcast Ep29-S2

The CSE’s Barrington Miller is joined by Beau Whitney, Founder of Whitney Economics, to discuss data-driven trends in cannabis globally, including US legalization, emerging markets, and environmental, social, and governance (ESG). The conversation also addresses how Whitney Economics uses data to help cannabis operators navigate the industry.

Here’s an overview of what Barrington and Beau discuss in this edition of The Exchange for Entrepreneurs Podcast:

00:00 – Introduction
02:00 – Global trends in the cannabis industry
03:28 – The cannabis industry in Canada and the US
07:05 – How do American cannabis companies differ from coast to coast? How is the industry shaped by state legislation?
11:33 – How do ESG (environmental and social governance) mandates tie into the valuation of multi-state operators?
14:40 – Is the current economic data contributing to the liberalization of cannabis policy in the US?
16:52 – What are the data points that have shifted over the last 7 years?
19:32 – Have there been any surprising individuals, organizations, and corporations that have reached out to collaborate?
22:59 – Within the business of data, who are Whitney Economics’ competitors and/or collaborators?
24:29 – Key findings from the business report that Whitney Economics published in 2020

About Beau Whitney

Whitney Economics was founded in October 2014 by Beau Whitney, in Portland Oregon. Mr. Whitney is currently the Chief Economist for the National Industrial Hemp Council (NIHC) and the National Cannabis Industry Association (NCIA). A member of the American Economic Association, the Oregon chapter president of the National Association of Business Economics and a participant in meetings of the Oregon council of economic advisors, he is widely regarded as one of the country’s leading cannabis economists. A registered member of the European Industrial Hemp Association, Mr. Whitney is also a member of multiple local regulatory advisory committees throughout the U.S. including the Oregon Liquor Control Commission (OLCC) RAC for both hemp and cannabis.

Learn more about Whitney Economics at https://whitneyeconomics.com/

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Canadian Securities Exchange Magazine: The Cannabis Issue – Now Live!

Welcome to the latest issue of Canadian Securities Exchange Magazine, your source for in-depth stories of entrepreneurs from a wealth of different industries.

Since launching just under a decade ago, the agility of the commercial cannabis industry has been nothing short of remarkable. As the global leader in publicly-listed cannabis securities, the Canadian Securities Exchange is acutely aware of just how nimble the various stakeholders in the industry have had to be in the face of various multifaceted challenges. 

In this issue of Canadian Securities Exchange Magazine, we feature executives from six of the most influential CSE-listed cannabis companies, as well as industry experts, who provide their perspectives on how the cannabis industry can maneuver through the current market conditions and where they see the industry going.

The CSE-listed companies featured in this issue include:

Check out the Cannabis Issue of Canadian Securities Exchange Magazine here:

 

Paul Rice and Michael Perron on Indigenous Communities and Business | The CSE Podcast Ep28-S2

The CSE’s Barrington Miller is joined by President and CEO of Dable Advisory and Consulting Services Paul Rice, and CFO, Transaction Advisory, Corporate Development, and Corporate Strategy of Kinza Consulting Michael Perron in this special edition podcast to discuss the history of business for Indigenous communities, how steps for reconciliation can be taken, and hopes for the future.

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Blockchain Venture Capital Inc. (CSE:BVCI) Joins the CSE for a Virtual Market Open

The CSE warmly welcomed Blockchain Venture Capital Inc. (CSE:BVCI) for a virtual Market Open on August 18, 2022. 

Blockchain Venture Capital is a financial services company providing an innovative technology infrastructure to participants in the emerging blockchain and distributed ledger technology industry. They’ve developed BVC-Chain, a public, decentralized blockchain built on open blockchain technologies; BvcPay, a mobile app developed on BVC-Chain that functions as a digital asset wallet; and CADT, a digital asset that is 100 percent backed by the Canadian dollar.

CEO Richard Zhou and other members of the Blockchain Venture Capita team kicked off the day’s trading, and Director Justin Poy shared more about the company’s vision and mission. 

For more details about the CSE, including information on other Market Opens, please visit the CSE website or follow us on social media.

Relevant Gold Corp. (CSE:RGC) Joins the CSE for a Virtual Market Open

The CSE warmly welcomed Relevant Gold Corp. (CSE:RGC) for a virtual Market Open on August 11, 2022. 

Relevant Gold is a North American gold exploration company founded by exploration geologists with a focus on the acquisition, exploration, discovery and development of district-scale gold projects in the US state of Wyoming. 

CEO Robert Bergmann and other members of the Relevant Gold team kicked off the day’s trading with their “Wyoming-style” virtual Market Open. 

For more details about the CSE, including information on other Market Opens, please visit the CSE website or follow us on social media.

Spotlight on Darcy Krohman

Your education and experience are at a unique intersection of finance and mining. What made you decide to pursue this career trajectory?

During my undergrad, I completed several business courses which set me on a path to pursue the Chartered Accountant program, articling with KPMG. My intent was always to integrate finance and mining, as, from my perspective, the subject matter and information derived from these two disciplines provide the “nuts and bolts” of the operations of any mining or mineral exploration company.

Where did your career in mining start?

My first jobs in the mining space were with the UBC working for a PhD student and mapping a large region near the Mascot Gold Mine in the Similkameen Valley of southern BC, followed by summers working for BHP-Utah Mines in the Coastal Mountains of BC and on Vancouver Island at their Island Copper Mine.

What’s the most important thing you’ve learned during your time at the CSE?

The importance of patience and flexibility while working with issuers to achieve their objectives. Many junior companies do not have the in-house expertise or resources to address many of the complex issues to get their companies and mineral projects past the exchange listing “finish line.” EThe services the CSE provides for listing and ongoing continuous disclosure processes are integral to obtaining a positive outcome for the company, investors and the CSE.

What is the most important thing mining companies need to consider when going public?

The single most important aspect of any company, public or private, is having the right people doing the right functions. The mining industry is littered with examples of good projects significantly impaired by management with the wrong skill sets. Mining companies, like all companies who decide to go public, must also realize that the rules of the game change once you decide to go public. The assets of the company are no longer solely for the benefit of the directors, officers, management and insiders, and there is an ongoing obligation to account for those assets.

From your perspective, what are some challenges that public mining companies are currently facing?

In a complex industry like mining, there are numerous challenges faced by public companies. Some of these include identifying resources, dealing with longer lead times, developing new technology, finding qualified labour, working in remote and complicated jurisdictions, and complying with corporate social responsibility to stakeholders, Indigenous peoples, and the environment.

What are some misconceptions about mining you think people should know?

Probably the amount of environmental damage a mine will have if developed responsibly. To maintain our current standard of living, metals have to be produced, and environmental impact and surface disturbance will, unfortunately, occur. However, that impact can be mitigated by using evolving technologies, completing a cost-benefit analysis at each stage, and complying with professional and industry standards. Canada has high environmental standards, and I believe the export of these standards will help improve the acceptance of mining as a sustainable industry worldwide.

This story was featured in the Canadian Securities Exchange magazine.

Vaughn DiMarco & Daniel Drouet on Investing in AI | The CSE Podcast Ep27-S2

The CSE’s Barrington Miller and Scott Pritchard are joined by X Machina Co-Founder & VP of Growth and Value Creation Vaughn DiMarco and Co-Founder, CTO, & CPO Daniel Drouet to discuss the funding gap in the market for early-stage tech companies and how X Machina aims to bridge that gap. The conversation also addresses the potential uses of AI for industrial applications and why Montreal is a growing hub for the technology sector.

Here’s an overview of the discussion in this edition of the “Exchange for Entrepreneurs” podcast:

00:00 – Introduction
04:02 – What does X Machina do?
07:25 – How does X Machina choose AI companies?
09:55 – What is the difference between artificial intelligence (AI) and machine learning?
14:48 – What is Startupfest and how does X Machina choose companies? Where do you see the best opportunities?
18:43 – How does X Machina provide value to potential companies?
21:59 – Why is Montreal an AI and tech hub?
29:21 – What are SR&ED credits?
36:05 – How many companies has X Machina looked at in 2022?
38:20 – What types of companies/industries are emerging?
39:38 – Are there any companies coming from outside of North America into Montreal?

About Vaughn DiMarco

Vaughn is an investor, entrepreneur, and engineer applying AI best practices across industries. As Investment Director at IVADO LABS, he was part of a small team managing INVEST-AI, a $35M Quebec fund. He led due diligence on hundreds of companies, managed a large portfolio, and funding dozens of successful initiatives including but not limited to manufacturing, construction, finance, media, entertainment, medical devices, and tech. 

About Daniel Drouet

Daniel has been deeply involved in tech for over twenty years as an engineer, entrepreneur, investor, and mentor. He has expertise in product management, engineering, and venture financing.  He has conceived and overseen the delivery of numerous software products and IT services and founded several tech companies. He was a founding partner of Real Ventures, Canada’s most active early-stage venture capital fund, and helped grow Anges Quebec into one of the largest angel investor networks in the country.

Learn more about X Machina at https://machina-ai.com/.

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