20 power players putting down roots in the cannabis industry
Canaccord Genuity Group Inc. CEO may not be the first name that springs to mind in cannabis, but he deserves credit for steering a once-middling investor into an industry powerhouse that has made the most deals (32 between July 1, 2017, and July 15, 2018, according to FP Data Group) and raised more than twice as much money ($1.48 billion) than any other player. In August, it also launched a cannabis-focused special-purpose acquisition corporation. In Canada, Canaccord’s team is led by managing directors Steve Winokur (investment banking), Graham Saunders (head of origination) and Jamie Nagy (co-head of M&A).
Aurora Cannabis Inc. CEO leads one of the top five licensed producers and is known for making blockbuster acquisitions that have let the company quickly jump into the big leagues.
Aphria Inc. CEO, and formerly CEO of Jamieson Vitamins, has embraced the global possibilities that Canada’s first mover status provides with dealings in Germany, Italy, Lesotho, Malta and Australia.
Cronos Group Inc. CEO oversees three licensed medical marijuana producers, operations in Germany, Israel and Australia and the company was the first to list on Nasdaq. The lawyer by trade has collected stakes in a number of assets and partnerships, including one that established Indigenous Roots, the first Indigenous company to get into the medical marijuana business.
Green Organic Dutchman Holdings Ltd. CEO is trying to make good on a promise to be the world’s largest organic cannabis producer. The company had the largest cannabis IPO, raising $132.1 million in May.