"Early days hype-driven capital was wasted. It was not well allocated," Emily Paxhia, the founding and managing partner of Poseidon Investment Management said at the recent Benzinga Cannabis Capital Conference in Miami.
If you missed her in Miami, you'll be glad to know that Paxhia is a featured speaker at the upcoming Benzinga Cannabis Capital Conference in Chicago, Sept. 27-28. Paxhia, along with other industry experts will discuss the dynamics of funding as well as the legal nuances in the world of cannabis investment.
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One of the notable conversations at the recent conference was between Paxhia and Tim Seymour, founder and chief investment officer of Seymour Asset Management (SAM) and Trader on CNBC’s “Fast Money." Seymour, portfolio manager of the Amplify Seymour Cannabis ETF CNBS, is also participating as a featured speaker at the upcoming Chicago conference.
Seymour asked Paxhia about funding or legal dynamics she feels good about and what she woiuld change.
Paxhia, with years of experience under her belt, didn’t hold back, "(...) At Poseidon, we’ve been investing in business fundamentals since the beginning. There has been a ton of capital that flew into this industry. Early days of hype-driven capital... it was wasted. It was not well allocated. I’m sorry, but it wasn’t. And it built things that were not really sustainable."
She highlighted lessons the industry can take from such oversights. "The only thing we can do as an industry is learn from that. We can only learn," she said.
Related Content: CNBC's Tim Seymour Says Cannabis Investors May Find Positive Catalysts In Unexpected Places
She shared her insights on the initial frenzy in the cannabis investment space and the subsequent realization that sustainable business practices matter.
Let's talk more about this important topic at the upcoming Benzinga Cannabis Capital Conference, a melting pot of ideas and industry revelations. Join us in Chicago on September 27 and 28. All information is available on bzcannabis.com
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The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!