Started in 1984, the Long Island Capital Alliance, a.k.a. LICA, has been “promoting business growth on Long Island” by providing area businesses with the opportunities and access required to thrive in today’s competitive entrepreneurial environment.
With the East Coast’s cannabis industry still in its early stages, so many cannabis-related companies are seeking capital infusions to accomplish their goals. The good news for these companies is that more and more investors are starting to have the risk appetite to stomach an early-stage cannabis-related investment.
On December 7th, LICA is giving seven up-and-coming cannabis companies the chance to present their business plans and growth prospects to an “audience that will include venture capital firms, investment banks, private equity firms, and angel and high net worth investors.”
A small sampling of the highlighted investor participants includes Navy Capital‘s Sean Stiefel, Altitude Investment Partners‘ Jon Trauben, and Flatiron Venture Group‘s Tamara Totah. Almost as impressive as the investors attending are the seven companies that are set to present.
Applied DNA Sciences Inc. (NASDAQ:APDN): NASDAQ-listed Applied DNA Sciences Inc. is a Stony Brook, New York-based developer of “molecular-based” tracking and traceability solutions that could disrupt the entire cannabis seed-to-sale space.
T.O. Global LLC: Opening its operations in 2015, New York, New York-based T.O. Global LLC has the exclusive license to market and brand all of the intellectual property from Tikun Olam, the leading Israeli medical cannabis company. As a developer of a nationwide cannabis wellness brand and state-licensed facilities based on Tikun Olam’s I.P., T.O. Global LLC is positioned to be a major long-term player in the U.S. medical marijuana industry.
Earlier this year, T.O. Global LLC raised $7,000,000 through the offering of 6% convertible promissory notes.
The Blinc Group, LLC: New York, New York-based vapor and cannabis technologies incubator The Blinc Group, LLC is the “only full service company with expertise in all aspects of cannabis consumption hardware.”
Airo Brands, Inc.: Staten Island, New York-based Airo Brands, Inc. distributes superior branded, technologically-advanced consumer cannabis and CBD products, including a revolutionary closed vaporizer and cartridge system.
Back in 2017, Airo Brands, Inc. raised over $3.6 million under a Reg. D offering. More recently, in September, it was announced that Airo Brands signed a deal with Namaste Technologies Inc. (TSXV:N) (OTC:NXTFF) to offer pre-filled Airo vapor cartridges to the Canadian online medical and recreational markets through its e-commerce subsidiary, Cannmart.
First Jersey Cannabis Corporation: Egg Harbor City, New Jersey-based First Jersey Cannabis Corp. is an early-stage company looking to “exploit the anticipated opportunities in the New Jersey market upon legalization and licensing.”
Currently, First Jersey Cannabis Corp. is conducting a Reg A+ offering to finance its acquisition of a southern New Jersey cultivation facility consisting of 9,200 square feet of greenhouses, approximately 4,000 square feet of offices, warehouse and processing space, and four acres of land.
Healthy Edibles Inc.: Bohemia, New York-based Healthy Edibles Inc. is a developing CBD-infused food and beverage leader.
Aromafloria Essentials: Founded by pharmacist, chemist and aromatherapist Sharon Christie, Huntington Station, New York-based Aromafloria Essentials is a manufacturer and seller of hemp-derived CBD health and beauty aid products. As a consumer-conscious, eco-friendly company, Aromafloria aromatherapy products are manufactured in a USDA Certified Organic facility that is 100% wind-powered.
All seven of the cannabis-related companies set to present offer a unique upside on the rapidly growing cannabis industry. Those interested in attending the event should register here. In the interim, be sure to subscribe to our Daily Cannabis News Updates here so you never miss an important update.
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