Jason Wild, executive chairman of TerrAscend Corp TRSSF, spoke at the Benzinga Cannabis Capital Conference in Miami. The discussion primarily revolved around the state of the industry and its future outlook.
If you're interested in more insights from Wild, he will be a keynote speaker at the Benzinga Conference in Chicago. The event is slated for September 27-28.
Wild emphasized the resilience of firms navigating challenges effectively, stating, "If you are in a position where you’ve got your business in a sustainable place where you’re not just positive cash flow from operations but also have some money left over and are cash flow positive after you pay your taxes or whatever your accrued taxes are, that's commendable."
Related Content: TerrAscend Delighted About Maryland's Cannabis Sales, Meet Exec Chair Jason Wild At Benzinga Conference In Chicago
High-Interest Borrowing, Section 280E & Industry Cash Flow Challenges
Wild touched upon the intricacies of borrowing money, asserting that borrowing at double-digit interest rates isn't conducive for growth. However, he was optimistic about the potential changes to Section 280E, stating it as a beacon of hope for improving the industry's cash flow.
Tim Seymour, founder and chief investment officer of Seymour Asset Management (SAM) and a trader on CNBC’s “Fast Money”, mirrored Wild's sentiments. He highlighted the impact of borrowing in the prevailing scenario and will be speaking more about it at the upcoming Chicago conference.
Related Content: 'The Only Thing We Can Do As An Industry Is Learn,' Says Emily Paxhia On Navigating The Cannabis Investment Landscape
If you missed out on the buzz in Miami, ensure you don't miss out this time. Join industry mavens like Jason Wild and Tim Seymour, advocates like Gov. J B Pritzker, and many others at the Benzinga Cannabis Capital Conference in Chicago on September 27 and 28. Dive into the world of cannabis and get insights, strategies, and predictions for its future. All details can be found at 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.
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