Sending Updates To Our Membership

Four times a year we send out an update to our entire membership. Today we sent the second update for 2023.

As a reminder, we operate a syndicate (or group of investors) that evaluate and opt to invest on a deal-by-deal basis. While members will receive confidential updates about the companies they choose to invest in, this update is sent to the entire membership. This is a chance for us to communicate with everyone who has shown interest in our thesis and investment strategy.

We typically follow this format:
1. Top of Mind - This is an opportunity for our Syndicate Lead to address the most impactful current topic for the syndicate.

2. Portfolio Updates - Quick hits on the companies we have invested in (concentrating mostly on publicly available information).

3. Informative Cannabis Industry Reads - I highlight a handful of articles from the last 2-3 months that cast a wide net as it relates to the cannabis consumer, removing the stigma, criminal justice and social equity and more. I try to be mindful that most people in our membership are not obsessing about cannabis everyday like we are.

This update’s Top of Mind focuses on revisiting our investment strategy. After 2 years, we thought it was important to maintain transparency with our investors and broaden membership. We wanted to share an excerpt from a this most recent update that fires us up:

“We are undeterred by the recent challenges that face the industry. This risk is built-in. We maintain strong conviction about our investment strategy, albeit, at a slower pace than originally anticipated. But most importantly, we have the strongest conviction in our portfolio companies who all find themselves in strong positions during challenging times.”