We are a licensed 100% Organic Medical Cannabis cultivator that is Indigenously aligned with the Manitoba Metis Federation and the Pimicikamak people.
Tell us about yourself?
My background is 25 years of Investment Banking, 15 years with Merrill Lynch Canada and its predecessors, and 10 years as partner at Canaccord Capital.
I am also a founder of General Harmonics, a technology company since 2010. I got into this industry because I could see that this was going to be a long term growth industry with plenty of upside if executed properly.
If you could go back in time a year or two, what piece of advice would you give yourself?
Have patience. Timing is everything. None of us could anticipate the pandemic and the effect it would have on start-up companies’ abilities to raise capital. Many were not able to and will never see the capital markets.
I believe this will change once the fundamentals change and the listed companies will eventually stop losing money and start making money.
I expect this will be within the next 12-18 months which should provide a window for Green Mountain to go public. We have raised a fraction of what most listed cannabis companies have, and we will soon be making money instead of losing money.
What problem does your business solve?
We provide patients with 100% Organic cannabis product to help them with their medical needs.
What is the inspiration behind your business?
This is a new high growth industry and we are making premier products for patients and lifestyle people. The demand is strong in Canada for high quality cannabis and is growing worldwide as well.
What is your magic sauce?
100% Certified Organic Cannabis. “Craft Quality at Scale” grown in the South Okanagan Valley, Canada’s fruit and wine basket in purpose-built greenhouses.
Our wholly owned subsidiary telemedicine platform Greener Life Medical www.greenerlifemedicine.com is providing unparalleled care to patients Canada-wide.
What is the plan for the next 5 years? What do you want to achieve?
We are currently looking to raise C$12M to build Phase 2 of our facility that will add another 60 thousand square feet of growing area and 15 thousand square feet of processing facility.
Once Phase 2 is complete and assuming demand is still growing we would begin Phase 3 which adds another 80 thousand square feet for a total of 160,000 square feet.
What is the biggest challenge you’ve faced so far?
Raising capital has been most difficult as most listed Canadian cannabis companies were and still are quite out-of-favor in investors eyes.
We anticipate that this will change and the companies that survive will be the new leaders in this industry. We have experienced supply chain problems with regards to sourcing equipment for our facilities.
How do people get involved/buy into your vision?
We are offering equity positions to qualified investors and we are seeking a debt financier for $C12M to build Phase 2 to meet our current demands.