NEO Exchange CRO Erik Sloan On Where The EV and Psychedelic Sectors Are Headed In 2023

NEO Exchange CRO Erik Sloan On Where The EV and Psychedelic Sectors Are Headed In 2023

On this episode of TDR’s Trade to Black Podcast, TDR Founder Shadd Dales spoke with NEO Exchange Chief Revenue Officer, Erik Sloane, about the capital market landscape in emerging markets. Shadd recently caught up with Mr. Sloane at the MJBizCon Cannabis Conference in Las Vegas, representing one of Canada’s preeminent exchanges following its acquisition by Cboe Global Markets on June 1, 2022.

On the subject of emerging markets and which sectors are receiving traction, Erik is currently seeing continued interest in most things electric vehicle (EV)-related. This includes the ancillary industries which support the industry, such as EV charging tech, battery makers and lithium exploration companies. Special focus is being generated on companies with iron-clad industry specialization, including those with intellectual property or ready-to-go products at the production stage.

As evidence of this continued surge in EV ancillary business demand, Erik points to the recent listing of Hypercharge Networks Corp. HC, a provider of smart electric vehicle (EV) charging solutions to multi-unit residential, commercial, retail, and fleet operators. The company recently listed on the NEO Exchange on November 16, trading over half a million shares on opening day.

With its debut, Hypercharge Networks became the first Canadian-founded EV charging company to go public.

Erik Sloane also provided insight on the psychedelic sector landscape following a prolonged period of capital outflow in the aftermath of atai Life SciencesATAI public listing on the NASDAQ exchange in June 2021. He predicted it will all come down to the “IP and patentability and the actual success of a clinical trial” pertaining to who the ultimate winners will be.

To that end, Erik sees many parallels between traditional biopharma companies and their psychedelic peers.

This article was originally published on The Dales Report and appears here with permission.

Posted In: contributorsCannabisPsychedelicsSmall CapMarkets

BENZINGA CANNABIS CONFERENCE

Meet the biggest cannabis industry players and make deals that will push the industry forward.

Featuring live company presentations, insider panels, and unmatched access to networking, the Benzinga Cannabis Capital Conference is where cannabis executives and entrepreneurs meet.

Join us April 11-12, 2023 at Fontainebleau Miami Beach in sunny Florida.