Investing in Private Cannabis Companies
Manage episode 294571035 series 2928557
Note: This episode was recorded earlier this year and some news has come out about several of the companies mentioned in this episode. We will be releasing a follow-up episode soon to address the updates. Make sure you subscribe so you don’t miss it!
Given my astute ability at sniffing out BS, people often reach out to me asking me for recommendations on which companies to invest in. I decided to call upon my favorite, and most trusted wealth advisor, Colby Mcfadden of Quiver Financial and Green Flower Media, to make a series about investing in the cannabis industry to better educate myself, and the masses alike. Let me know what you think!
List of Topics/subjects discussed
- Private vs Public
- Why do private companies go public?
- What kind of Investor do you want to be?
- Investment stages - where do you fit in?
- Beware of the bankers telling private companies to go public - they have ulterior motives!
- What are some of the ancillary sectors adjacent to the cannabis industry looking for investment?
- Why you need to create a due diligence team to avoid the snakes and vipers in the private industry
3 Lessons Learned
- Only invest in private deals where you can AFFORD the risk. If you’re not an accredited investor, you better do your homework!
- If you’re going to invest your hard-earned money into a venture, spend the money on someone with expertise to vet it.
- Always remember “As is the inside, so is the outside”
Guest Bio and Social Media Links:
Colby is a 22 year veteran of the financial services industry working with many of the largest institutional and private investors. As CEO of Quiver Holdings LLC Colby has provided strategic guidance to private companies throughout their capital raising campaigns. Colby has been educating and managing investors and entrepreneurs on all subjects related to finance and investing. Prior to Colby's focus on investment banking and corporate structure he was a top producing branch manager for some of the largest regional and independent broker-dealers with an emphasis on branch expansion and post-merger integration. Colby is also the Director of Partnerships for Green Flower Media the leader in trusted education in the cannabis industry.
Colby McFadden is the President of Quiver Financial and Director of Partnerships for Green Flower Media.
Audio Editing - Seth Cross - Frontal Lobe Productions
Intro/Outro - Jef Judin
Music - The Master by Flashing Lights
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