Bruce Linton is back. While Canopy Growth (US: CGC / CAN:WEED) no longer saw a need for his services, this cannabis industry pioneer continues to be well-regarded by most of the industry. In the next phase of his cannabis career, Linton is now splitting his energies among a few new endeavors.
One of these new roles is as “an activist investor” with SLANG Worldwide (CAN:SLNG / US:SLGWF). SLANG bills itself as the cannabis industry leader in “branded consumer products”.
SLANG itself was happy to announce Linton’s participation. SLNG was up over 20% in early trading today.
Clearly, the market still sees Bruce Linton as a major player in the cannabis industry.
In addition to his new role with SLANG, Linton has also become an activist investor with OG DNA Genetics (which will soon be listing on the CSE). Meanwhile, he is taking an active advisor role in Gage Cannabis (Executive Chairman), Better Choice Company (US:BTTR) (Special Advisor), and Mind Medicine Inc (Director).
SLANG + Bruce Linton. A cannabis industry icon is teaming up with a U.S. cannabis branding leader.
The U.S. cannabis industry is now dealing with a tainted vapes problem. This is part of the overall regulatory mess in the U.S. due to the current patchwork system of separate state laws for legal cannabis.
Here is something positive that U.S. cannabis investors can look to. It’s a reminder that while the federal government continues to be a major impediment in launching a legal cannabis industry in the U.S., the industry itself is not standing still.
Experienced investors look to strength in management as one of the key factors in adding a company to their portfolio. Experienced cannabis investors are looking toward branding opportunities in the cannabis space – where (ultimately) most of the revenue dollars will accumulate.
It’s for these reasons that SLANG Worldwide was up strongly on today’s announcement. It’s one reason why many cannabis investors may take another close look at SLANG.
Published at Tue, 17 Sep 2019 16:01:41 +0000