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"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.
Related Content: 'We Need To Drive Innovation' Says Emily Paxhia Demanding More Capital Flow In The Cannabis Industry
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 (NYSE: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
"Early days, hype-driven capital was wasted. It wasn't well allocated & built things that were not sustainable. We can only learn." @PoseidonInvest @empax1 chats with @timseymour at the @Benzinga #Cannabis Conference
— Javier Hasse (@JavierHasse) August 16, 2023
Join us in Chicago, Sept 27-28 - https://t.co/CxznNV6BRx pic.twitter.com/zuqtgeG2bk
Posted In: CNBS
