The CEO of a top US cannabis company unloads on his Canadian rivals: 'Dissuading, misleading, and lying to investors'
Green Thumb CEO Ben Kovler isn't scared of his Canadian rivals' plans to jump into the US."It's a non-factor. Not worried," Kovler said in an interview with Insider.dominate the US cannabis marketCanadian cannabis companies like Tilray and Canopy Growth have said they want to enter the larger and more lucrative US market as the momentum for legalization ramps up.
"It's a non-factor. Not worried," Kovler said in a Thursday morning interview."They're basically not cannabis businesses" in the US. Canopy Growth owns an option to acquire a stake in Acreage Holdings once that's legal. Tilray, for its part, owns beermaker SweetWater Brewing Company, but can't yet sell cannabis-infused drinks in the US.
"That's just dissuading, misleading, and lying to investors and the media about what they can do," Kovler said, referring to Canadian cannabis companies that have publicly telegraphed their ambitions to enter the US."Because they're not US operators. They don't own it.
"Canopy operates exclusively in federally legal jurisdictions, and our US strategy is focused on winning where we can play today through our CPG and hemp-derived CBD businesses, which are laying the foundation for rapid entry into the THC market following permissibility," the spokesperson said in an emailed statement. 'There's a moat. We are on the inside.'
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
'Shang-Chi' Star Simu Liu Fires Back At Disney CEO For Calling Film An 'Experiment''We are the underdog; the underestimated. We are the ceiling-breakers,' the actor wrote.
Consulte Mais informação »
Premier NFT Market MakersPlace Raises $30 Million From Former Sotheby's CEO, Eminem And BessemerMakersPlace's $30 million Series A will allow it both to compete with heavily financed marketplaces like OpenSea and—according to the company and its investors— to differentiate itself by homing in on “premium” NFTs.
Consulte Mais informação »
‘Shang-Chi’ Star Simu Liu Fires Back at Disney CEO Over “Experiment” Comment'We are the celebration of culture and joy that will persevere after an embattled year,' the Marvel star says.
Consulte Mais informação »
My London: Jemma Finch – CEO of Stories Behind Things
Consulte Mais informação »
WSJ News Exclusive | Intel CEO Pitches Pricey Chip Plants to Officials at Home and AbroadPat Gelsinger, who is trying to re-energize the U.S. chip maker, has sought out government leaders to gain their support for Intel’s ambitious investment plans.
Consulte Mais informação »