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jerryking : cannabis   16

As the Start-Up Boom Deflates, Tech Is Humbled
Feb. 24, 2020 | The New York Times | By Erin Griffith.

Layoffs. Shutdowns. Uncertainty. After a decade of prosperity, many hot young companies are facing a reckoning.
cannabis  cost-cutting  investors  layoffs  pullbacks  scale_downs  skepticism  shutting_down  SoftBank  start_ups  unicorns  vc  venture_capital 
2 days ago by jerryking
Canada’s missed opportunity: Pot industry now being run out of the U.S.
JULY 3, 2019 | The Globe and Mail | by ANDREW WILLIS.

With Bruce Linton’s firing, it’s now all too clear that the biggest companies in Canadian cannabis are run out of New York and the state of Washington. An industry that this country seemed destined to lead when the federal Liberals legalized recreational cannabis last October 2018, is increasingly dominated by foreigners. ...... The opportunity to create global cannabis champions, based in Canada, appears to be vanishing. There should be a conversation around that issue, in political and business circles, before the biggest head offices all disappear... Linton ...lost his job because his visionary approach for Canopy Growth Corp. didn’t fit with the predictable, quarter-by-quarter profits demanded by Constellation Brands Inc....Linton’s departure is similar to what has played out at many startups that get sold to multinational companies. .....Even when we brought Constellation's $5-billion in, I knew, from that change of structure, there would likely be implications for management, but it was the right thing to do for the company.”... our entrepreneurs tend to sell successful startups at a relatively early stage, compared to jurisdictions such as the U.S. and Asia. . The trend, now happening even more rapidly in the cannabis sector, cuts into the potential future prosperity of this country......a study last year from the Washington-based Brookings Institution and the Martin Prosperity Institute at the University of Toronto’s Rotman School of Business – scaling up successful domestic businesses is essential to creating wealth and producing the next generation of corporate leaders. Canadians need to do better at turning their own companies into global champions. Silicon Valley generates enormous wealth out of a vibrant tech community. Why can’t Leamington, Ont., or Nanaimo, B.C., aspire to do the same in cannabis?..Canadian cannabis companies were created by government policy..... federal and provincial regulators granted the licences needed to grow and distribute their products – and local capital markets were receptive to financing them...CEOs, boards and domestic politicians should be asking if the country is best served by a laissez-faire approach to cannabis that created vibrant, valuable businesses following legalization in 2018, then quickly began handing over control of the sector....
Andrew_Willis  Bay_Street  Brookings  cannabis  Canopy_Growth  CEOs  Constellation_Brands  crossborder  departures  firings  global_champions  head_offices  home_grown  industrial_policies  Martin_Prosperity_Institute  missed_opportunities  sellout_culture 
july 2019 by jerryking
The winner’s wisdom of Silicon Valley Stoics
MAY 31, 2019 | Financial Times | Janan Ganesh.

An idea that works for an established winner can be utterly ruinous for a mere aspirant.....In common parlance, Stoicism used to mean nothing more specific than a kind of grin-and-bear-it fortitude......The new Stoicism calls for — and here I paraphrase — a virtuous rather than joy-centred life. It often takes the guise of self-denial.............the worst of it is the deception of those who are just starting out in life. Unless “22 Stoic Truth-Bombs From Marcus Aurelius That Will Make You Unf***withable” is pitched at retirees, the internet crawls with bad Stoic advice for the young. The premise is that what answers to the needs of those in the 99th percentile of wealth and power is at all relevant to those trying to break out of, say, the 50th.
advice  cannabis  fads  Greek  Janan_Ganesh  natural_order  new_graduates  relevancy  self_denial  Silicon_Valley  stages_of_life  Stoics  virtues 
june 2019 by jerryking
The need for weed: why Wall Street is getting hooked on cannabis
MARCH 15, 2019 | Financial Times | by Nicole Bullock in New York.

a “sea change in attitude” towards the sector.  “You don’t get an opportunity every day to participate in the very early stages of the creation of a large global industry and that is what is happening now,”
Aurora  Cambrian_explosion  cannabis  Canopy_Growth  FDA  investors  start_ups  Wall_Street 
march 2019 by jerryking
Silicon Valley Startups Providing the Cannabis Industry with Data-Driven Tools
November 18, 2015 | High Times | by ??

Startups are providing a myriad of service to the legal marijuana industry—from Eaze, which connects dispensaries with customers, and Flowhub, which helps optimize growing factors for cultivators, to PotBiotics, a resource for doctors looking for medical research, and Leafly, which gathers customer reviews of dispensaries.

This new technology is providing insights and statistics, which until very recently were impossible to find.

“You couldn’t collect this information [previously] because all the transactions and purchases were conducted in the shadows via an illicit market,” Brendan Kennedy, the CEO of a private-equity firm that owns three pot businesses, told WSJ.
data_driven  cannabis  illicit  Silicon_Valley  start_ups  tools 
march 2019 by jerryking
Marijuana data firm Headset to partner with global analytics company Nielsen
March 6, 2019

Global measurement and data analytics company Nielsen has formed an alliance with Seattle-based cannabis analytics firm Headset to provide insights about the U.S. marijuana market to consumer packaged goods (CPG) businesses.

According to a news release, the two firms are joining forces as New York-based Nielsen develops “a full suite” of cannabis measurement capabilities to help inform CPG companies about the marijuana industry. Nielsen’s consumer research capabilities will be intertwined with Headset’s point-of-sale data for cannabis products, collected from “key” states with legal recreational marijuana markets.
alliances  analytics  cannabis  CPG  Headset  insights  Nielsen 
march 2019 by jerryking
Godiva indulges global coffee craving with café rollout
DECEMBER 16, 2018 | Financial Times by Andrew Edgecliffe-Johnson and Alistair Gray in New York.

Godiva, the Turkish-owned Belgian chocolate brand, is to roll out 2,000 cafés as part of a plan to multiply revenues fivefold over the next six years — the latest sign of a coffee craze in the global food and drinks industry..... to raise capital to fund the expansion, Godiva and its bankers at Morgan Stanley have been in talks with several potential strategic investors about a possible $1bn-plus transaction....The New York-based group already has 40 cafés, including an outlet in Harrods, London, after an initial pilot launched in Istanbul and Shanghai in 2010. Yet Ms Young-Scrivner, a former Starbucks executive, said the company believed coffee consumption would continue to grow and a larger chain of Godiva outlets was “a natural extension”. Coffee and tea, she said, “pair really well with chocolate”.....Godiva’s 1,500-2,500 sq ft cafés will start appearing in big cities around the world from next spring, when the first is due to open in New York. About a third of the outlets are planned for North America, a third in Asia and a third in the rest of the world. Their menus will feature hot chocolate, cookies, affogato, chocolate-dipped strawberries and croiffles, a sweet or savoury cross between a croissant and a waffle..........The second part of Ms Young-Scrivner’s plan includes expanding Godiva’s distribution in grocery stores. The company estimates its share of the US packaged chocolate market at just 2 per cent and plans to expand the distribution of its chocolate bars and packages aimed more at self-indulgent snacking than at the premium-priced gift market where it has long focused.

Godiva was watching with interest the growth of cannabis-infused chocolates and drinks, which has prompted several large consumer groups to explore investments in cannabis companies, but this was “not a priority” for the company, Ms Young-Scrivner said.
brands  cafés  chocolate  coffee  Godiva  high-end  rollouts  expansions  cannabis  self-indulgence 
january 2019 by jerryking
Let the grocery chains fix Canada’s cannabis-supply mess
January 11, 2019 | The Globe and Mail | ANDREW WILLIS.

Despite the long run-up to legalization of recreational marijuana last October, demand for legal cannabis is outstripping supply and the retail system is a mess. ....The Ontario government held a lottery last Friday to award licenses for its first 25 stores, which aren’t expected to open until April. Experts say the nascent industry’s nation-wide logistical issues will take months, if not years, to fix.

Who wins out of this chaos? Criminals. Removing the social stigma from cannabis without ensuring robust cultivation and retail networks are in place opens the door to black-market suppliers, the folks the federal Liberals were trying to put out of business when they started down the path to legalization. Who can set things right, by getting cannabis into the hands of those who want it at prices the black market will be hard pressed to match? How about Jim Pattison, along with the Weston and Sobey clans and the folks running Metro Inc. Provincial governments should be looking to the national grocery and drug store chains to deliver on the federal Liberals' promise of a modern approach to marijuana sales.

Mr. Pattison, who runs the 45,000-employee Jim Pattison Group, has been showing shoppers the love for six decades. Think about what greets you when you walk into one of the former car salesman’s Save-On-Foods grocery stores in Western Canada, or a large-format Loblaws, Sobeys and Metro outlet.
Andrew_Willis  black_markets  cannabis  criminality  grocery  retailers  supermarkets  raw_materials  scarcity  supply_chains  gangs  nationwide  organized_crime 
january 2019 by jerryking
Canada 200: How to build a business superpower by 2067
Ottawa's upcoming IP strategy should include training for academics, entrepreneurs and administrators about the strategic importance of patents. But those same players must also collectively push to create global standards for technologies developed here. Other countries, including China and the United States, effectively ensure new global standards incorporate their homegrown technology, locking in value for their emerging champions. Canada, by comparison, is a "boy scout," says Michel Girard, vice-president of the Standards Council of Canada.
Artic  biotech  Canada  cannabis  cleantech  Colleges_&_Universities  digital_economy  elitism  gender_gap  infrastructure  intellectual_property  life_sciences  patents  ports  technical_standards  universal_basic_income  uToronto  Vancouver  women 
july 2017 by jerryking
How crowd-sourcing will spark a data revolution
March 22, 2012 |Globe and Mail Blog | by frances woolley.

Yet all of these initiatives are geared towards government data sets and professional researchers. Important private records – diaries of early settlers, for example – can find a home in Canada’s National Archives. But the Archives do not have sufficient resources to process and document records of snowdrops or goldfinches. Moreover, the Archives keep records, not data sets – it is fascinating to look at census records from 120 years ago, but they aren’t much use for statistical analysis.

There is a solution: crowd-sourcing. Across the country there are students, amateur and professional historians, policy analysts, bloggers and data nerds. I’m one of them. I’ve taken data collected by a notable Ottawa record keeper, Mr. Harry Thomson, and posted it on Worthwhile Canadian Initiative. Mr. Thomson’s records go back to the 1960s, long before Environment Canada began collecting comparable hydrometric data. An analysis of the data shows a significant decline in peak water levels during the spring flood – with this year being no exception.

Yet Worthwhile Canadian Initiative is just one blog in the vast expanse of the World Wide Web, and might not even be there in five or ten year’s time. We need a permanent site for all of this data, through which the collective power of the internet can be unleashed – editing, compiling, analyzing, telling stories and, above all, building understanding.
analog  archives  Canadian  cannabis  census  crowdsourcing  data  data_driven  datasets  massive_data_sets  nerds  open_data  record-keeping  Statistics_Canada  unstructured_data 
march 2012 by jerryking

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