Vanmala Subramaniam's guest appearances

Vanmala Subramaniam

Empire Club of Canada

The Cannabis Conversation | Medical Cannabis | CBD | Hemp

Down to Business

Brad Wall

Michael Katchen

Mary Ng

Avery Shenfeld

Alain Bellemare

Anthony Lacavera

Goldy Hyder

Bruce Linton

Harley Finkelstein

Michael Ward

John Campbell

Nick Davis

Don Tapscott

Rod Phillips

Justin Trudeau

OwlTail

Why have Canadian cannabis stocks had a troublesome year?We’re joined this week by Vanmala Subramaniam, who covers the cannabis sector as a Business Journalist for the Financial Post - the national business newspaper in Canada.Vanmala gives us the lowdown from across the pond as we explore the dynamic growth of the Canadian cannabis market, the plummeting value of stocks over 2019, and how business dynamics have changed since recreational legalisation.→ View full show notes, summary, and access resources here: https://www.canverse.global/shownotes/episode-41-big-cannabis-in-canada-with-vanmala-subramaniam-cannabis-industry-reporter-for-the-financial-postEpisode Summary2015 - was the time when the first Canadian Cannabis companies were starting to emerge and list themselves on the Canadian stock exchange.In 2017 the cannabis space exploded in terms of the licenses dispensed by Health Canada, the square footage of cultivation across the country, and number of companies wanting to list on the stock exchange.In October 2018 cannabis became legal recreationally across the country.There are currently over 250 licenses to grow spread across hundreds of cannabis companies - it is currently a very significant industry in Canada and has grown exponentially across a very short period of time.Early businesses within the Canadian space found it very hard to raise money to invest into their businesses as banks did not support them - although medical cannabis was legal. Institutional investors and banks were reluctant to get involved. This meant that many of them went public.There is currently a disconnect between revenue and the values of companies. Some of the biggest companies are experiencing a decline in revenue due to legalisation and could not keep up with previous company estimates.Post legalisation, people started realising that some of the big producers of cannabis were not producing good quality cannabis. Many had their stock returned from wholesalers.The prices of legal cannabis being much higher than on the black market and growing issues are making it hard for people to find an incentive to buy from a legal producer.A number of Canadian cannabis companies found themselves overspending and overpaying for assets during the green rush, but found themselves in tricky waters later down the line due to loss of revenue from not meeting projection targets.One of the biggest issues the Canadian cannabis industry is facing at the moment is that Ontario (the largest province) do not have enough bricks and mortar stores open which sell cannabis. Customers prefer to visit stores in person, to speak to budtenders and to have a look around before they buy.Vanmala suggests that at least 1000 stores are needed in this province alone to sell the supply/inventory which is currently available.The October 2018 legalisation is often referred to as Cannabis 1.0 where diluted oils and dried flowers became legal. In October 2019, concentrates and beverages were legalised creating a market for a large array of products to be manufactured and sold (Cannabis 2.0).This has the potential to create new markets and new consumer behaviours.

Why have Canadian cannabis stocks had a troublesome year?We’re joined this week by Vanmala Subramaniam, who covers the cannabis sector as a Business Journalist for the Financial Post - the national business newspaper in Canada.Vanmala gives us the lowdown from across the pond as we explore the dynamic growth of the Canadian cannabis market, the plummeting value of stocks over 2019, and how business dynamics have changed since recreational legalisation. → View full show notes, summary, and access resources here: <a href="https://www.canverse.global/shownotes/episode-41-big-cannabis-in-canada-with-vanmala-subramaniam-cannabis-industry-reporter-for-the-financial-post" rel="nofollow" target="_blank">https://www.canverse.global/shownotes/episode-41-big-cannabis-in-canada-with-vanmala-subramaniam-cannabis-industry-reporter-for-the-financial-post</a> Episode Summary<ul><li>2015 - was the time when the first Canadian Cannabis companies were starting to emerge and list themselves on the Canadian stock exchange.</li><li>In 2017 the cannabis space exploded in terms of the licenses dispensed by Health Canada, the square footage of cultivation across the country, and number of companies wanting to list on the stock exchange.</li><li>In October 2018 cannabis became legal recreationally across the country.</li><li>There are currently over 250 licenses to grow spread across hundreds of cannabis companies - it is currently a very significant industry in Canada and has grown exponentially across a very short period of time.</li><li>Early businesses within the Canadian space found it very hard to raise money to invest into their businesses as banks did not support them - although medical cannabis was legal. Institutional investors and banks were reluctant to get involved. This meant that many of them went public.</li><li>There is currently a disconnect between revenue and the values of companies. Some of the biggest companies are experiencing a decline in revenue due to legalisation and could not keep up with previous company estimates.</li><li>Post legalisation, people started realising that some of the big producers of cannabis were not producing good quality cannabis. Many had their stock returned from wholesalers.</li><li>The prices of legal cannabis being much higher than on the black market and growing issues are making it hard for people to find an incentive to buy from a legal producer.</li><li>A number of Canadian cannabis companies found themselves overspending and overpaying for assets during the green rush, but found themselves in tricky waters later down the line due to loss of revenue from not meeting projection targets.</li><li>One of the biggest issues the Canadian cannabis industry is facing at the moment is that Ontario (the largest province) do not have enough bricks and mortar stores open which sell cannabis. Customers prefer to visit stores in person, to speak to budtenders and to have a look around before they buy.</li><li>Vanmala suggests that at least 1000 stores are needed in this province alone to sell the supply/inventory which is currently available.</li><li>The October 2018 legalisation is often referred to as Cannabis 1.0 where diluted oils and dried flowers became legal. In October 2019, concentrates and beverages were legalised creating a market for a large array of products to be manufactured and sold (Cannabis 2.0).</li><li>This has the potential to create new markets and new consumer behaviours.</li></ul>

EPISODE #41 Big Cannabis in Canada with Vanmala Subramaniam, Cannabis Industry Reporter for the Financial Post

Panel Discussion:  Craig Worden, Brett Chang, Jo Vos, Andrea Paine,  Moderated By:  Vanmala Subramaniam

  The Second Chapter of Canadian Cannabis with Financial Post's, Vanmala Subramaniam  

Brett Vye

Smoking marjiuana is so 2018. This October, new rules from the federal government around the legal production and sale of cannabis edibles, drinkables and other alternative pot products will come into force, a new market that could be worth $2.7 billion a year. Geoff Zochodne talks with cannabis reporter Vanmala Subramaniam and Truss Beverages CEO Brett Vye about the second wave of cannabis legalization and what it means for business and consumers.

Smoking marjiuana is so 2018. This October, new rules from the federal government around the legal production and sale of cannabis edibles, drinkables and other alternative pot products will come into force, a new market that could be worth $2.7 billion a year. Geoff Zochodne talks with cannabis reporter Vanmala Subramaniam and Truss Beverages CEO Brett Vye about the second wave of cannabis legalization and what it means for business and consumers.

The next big thing in cannabis (with Vanmala Subramaniam and Truss Beverages CEO Brett Vye)