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The Cannabis Stock Exchange with Richard Carleton

Welcome back to the Green Rush!  This week we have Lewis and Anne back together again in booth chatting with the CEO of the Canadian Securities Exchange (or as some in the industry have dubbed it the “Cannabis Stock Exchange). Smaller than its more famous cousin, the Toronto Stock Exchange, the CSE got its infamous nickname over the last year as its become home to a lot of cannabis companies looking to capitalize on the public markets.

In this week’s conversation, our hosts chat with Richard about why the CSE has become so attractive to cannabis companies, particularly those in the US who are unable to list on Nasdaq and NYSE. In addition, they touch on the early days of the CSE, why RTOs have become much more commonplace in the cannabis sector than traditional IPOs, how Canada legalization is going to impact the CSE and what Richard thinks will happen next as the industry continues to expand – hint hint it’s consolidation!  

In addition to the conversation with the CSE, we also have Green Market Report’s founder and friend of the podcast, Deb Borchardt, opening this week’s episode covering the biggest news in the cannabis industry and breaking down what she thinks were the overlooked stories from last week. Make sure you check out Deb’s work over at Green Market Report and follow her for the latest news on the next Green Market Summit.

Enjoy!

 

About Richard Carleton

Richard Carleton has been CEO of the Canadian Securities Exchange for seven years. Prior to this appointment, Richard served as Vice-President Corporate Development with responsibility for the CSE’s technology, operations, market data and trading sales teams. Before joining the exchange, Richard worked as a business development consultant in Toronto and New York in the risk management and index product fields after spending twelve years with the Toronto Stock Exchange, serving most recently as a member of the exchange’s senior management team. Active in industry affairs, Richard served two terms as chair of the market data industry’s global trade association in the late 1990’s and is a frequent panelist at market structure and trading technology events across North America. Richard also serves as a member of the boards of the Private Capital Markets Association and the Empire Club of Canada.

A member of the Law Society of Upper Canada since 1987, Richard is a graduate of the University of Ottawa (B.A. ’81) and the University of Toronto (LL.B. ’85). He has also completed the executive development programme at the Wharton School, University of Pennsylvania.

About Deb Borchardt

Debra is the Co-Founder, CEO, and Editor-In-Chief of Green Market Report, a financial news site for the cannabis industry. Prior to this, Debra spent more than 15 years working in a variety of jobs in the securities industry before earning her Master’s Degree in Journalism at NYU. As a financial journalist, Debra has appeared on The Today Show, CNBC, and Bloomberg TV talking about multiple business topics including the cannabis industry. Her work in the cannabis space has been recognized with an AZBEE award for the video “Where People Want To Buy Pot.”

Links to guest’s social media:

Links and Mentions:

Show Credits:

This episode was hosted by Lewis Goldberg and Anne Donohoe of KCSA Strategic Communications.

Special thanks to our Producer Nick Opich and Program Director Shea Gunther at Marijuana Today

You can learn more about how KCSA Cannabis can help your cannabiz by visiting www.kcsa-cannabis.com or emailing greenrush@kcsa.com. You can also connect with us via our social channels:

Twitter / Instagram: @KCSA_Cannabis

LinkedIn: https://www.linkedin.com/company/green-rush-comms/

Facebook:https://www.facebook.com/KCSACannabiz/

YouTube: https://www.youtube.com/channel/UCuEQkvdjpUnPyhF59wxseqw?disable_polymer=true

Advising on the Green Wave

Welcome back to the Green Rush, Lewis is back riding solo in the booth for today’s episode with a truly interesting guest, Matt Karnes from Green Wave Advisors. After spending over 20 years gaining diverse finance and accounting experience, Matt shifted his focus to the cannabis industry in 2014 with the founding of GreenWave Advisors. If you’re not familiar with GreenWave Advisors you’ll be sure to follow them regularly going forward as they have consistently provided accurate and relevant research and analysis of the cannabis industry and is the only independent firm to bring Wall Street investment research credentials to this emerging sector.

In today’s episode, Lewis and Matt cover a range of topics including Matt’s thoughts on the crazy high valuations of Canadian cannabis stocks; some interesting data on the relationship between the US banking industry and the cannabis space; Matt’s thoughts on what may happen over the next few months from an M&A perspective and whether there could be a growing sense of investor fatigue amongst institutional money in Canada. Enojy!

Matt Karnes has over 20 years of diverse finance and accounting experience. Prior to founding GreenWave Advisors LLC, Matt worked in equity research focusing on the Radio Broadcasting and Cable Television industries for First Union Securities. Matt also covered Satellite Communication at SG Cowen and in addition, worked with the top ranked Consumer Internet analyst at Bear Stearns & Co – this team was consistently recognized by the Institutional Investor’s “All America Research Team”. As a sellside equity analyst, Matt authored and co-authored numerous emerging industry research reports including such names as Google, Sirius, XM Satellite Radio, DIRECTV and EchoStar Communications.

In his most recent role, Matt was Principal and Senior Equity Analyst at Bull Path Capital Management, a New York City based hedge fund, where he was responsible for investment strategies of emerging technologies primarily within the Technology, Media and Telecom sectors. Prior to his career on Wall Street, Matt held various finance and accounting positions at PriceWaterhouse Coopers and Deloitte as well as at Texaco Inc. where he worked throughout the U.S., Europe, The Caribbean and Asia. Additionally at Chase, Matt was responsible for implementing the bank’s corporate accounting policies on commodity, interest rate and foreign currency derivative products. Matt graduated from Fordham University with an MBA in finance and earned a B.S. Business Administration with a double major in accounting and finance from Miami University (OH). Matt is also a Certified Public Accountant.

Links to guest’s social media:

Links and Mentions:

Show Credits:

This episode was hosted by Lewis Goldberg.

Special thanks to Nick Opich, our Producer, and our Program Director Shea Gunther at Marijuana Today

You can learn more about how KCSA Cannabis can help your cannabiz by visiting www.kcsa-cannabis.com or emailing greenrush@kcsa.com. You can also connect with us via our social channels:

Twitter / Instagram: @KCSA_Cannabis

LinkedIn: https://www.linkedin.com/company/green-rush-comms/

Facebook:https://www.facebook.com/KCSACannabiz/

YouTube: https://www.youtube.com/channel/UCuEQkvdjpUnPyhF59wxseqw?disable_polymer=true

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