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Jeff Renwick and Richard Goldstein (l&r above) have been working together on the generic side of the pharmaceutical business for a decade. Developing drugs and drug delivery systems. Renwick has a total of 25 years in pharma and Goldstein was an investment banker. Their private company had two generic drugs in the pipeline and a good deal of work on extended release formulations.
Just before FSD Pharma (C.HUGE) took off we interviewed Anthony Durkacz. Very smart guy with a clear sense of where the money in cannabis is going to be made.
It is always nice to see a client do well. FSD Pharma (C.HUGE) is blazing a trail in the already hot marijuana space.
As the companies come up to the starting gate for the great Canadian recreational cannabis sweepstakes we are seeing huge interest in the sector. The investment of 5 billion dollars in Canopy Growth by Constellation Beverages re-ignited the marijuana stock market in Canada. All of a sudden, Canada’s world-wide lead in the creation and financing of cannabis businesses looked to have an international scope.
The cannabis stock market is about the only interesting sector of the market this summer.
As the various Canadian Cannabis companies jockey for position in the recreational marijuana market it’s time to consider which are best placed to meet the market strategically.
Here is another in my series of articles on the recreational marijuana industry in Canada. There is no doubt a lot of money to be made selling legal pot but the federal and provincial governments are not making it easy. The biggest hole in the regulatory scheme is the postponement of regulations dealing with edibles. In the US edibles have constituted up to 50% of the legal market. Companies have to adapt.
I am writing a series of articles over at Seeking Alpha on the ins and outs of the Canadian marijuana market and the public companies which are working in this space. Article #2 is a worms eye view of the various sorts of users who make up that market including people who might grow their own.