Helix Technologies Inc. (fka HLIX)

[GreenGenie]

Dinenberg's Thoughts on Venture Capital in Marijuana:

http://kind.financial/cannabis-industry-news/private-equity-firing-up-medical-marijuana-sector-as-featured-in/

This is a great article as it relates to the post I'm responding to. It goes back to 2012, so we can see things with hindset. We can also see what Dinenberg's thoughts about going public are.

Some Excerpts:

1) “There is a lot of money on the sidelines wondering what the government will look like in 2016, because that election could change everything,” said David Dinenberg, CEO of KindBanking. “The feds have said as long as you are in compliance with the laws in your state, we will just be watching. But what happens in 2016?”


Personally, I think Hillary has this election in the bag. The GOP is in La La Land this decade. A reflection of their constituency holding them hostage. Idiots!

2) Investors are also influenced by the performance of the handful of medical pot companies that are now trading publicly in the U.S.

“There aren’t that many of them, but they are showing all of $50,000 in revenues, with inflated market caps,” Dinenberg said. “I get calls from investment banks about going public too, and I say no thanks. I’ll wait until we can have a market cap that means something."


Yeah, you can certainly see that in hindsight too. Disaster! Just look at BLPG. Losers! That's why I constantly stress and like the alignment of interests here at this time.

3) The SEC has also halted trading in the shares of at least nine marijuana-related companies since March.

4) “Private companies in this sector are now looking at being able to go public as a real option,” said Troy Dayton, CEO of ArcView Group. “And with the hype coming off the penny stocks, I do think it is beginning to put pressure on the valuations of private companies and investors are going to start seeing that.”


A rising tide in the industry sentiment would certainly lift all boats. At least the sea-worthy boats. As a contrarian, I want to be there before the tide comes in.

5) While Dayton said that he is seeing more sophisticated investors coming into the sector, there is also a breed of investors that are not as bottom-line oriented.

“You see people who are investing because they want to change the world, or they know someone who really benefited from medical marijuana and they want to make a difference,” he said. “It’s like green energy. People cared about wind or solar, but until investors began seeing that there was a profit to be made in change, it was just people talking.”

6) “We are seeing people who are Denver-centric or maybe Colorado-focused,” said Kennedy.

“Each state ends up being a micro-climate of its own,” said Dayton. “They have their own regulations and that is a key. This is not a demand-driven industry. It is a regulatory-driven industry.”


Interesting...