Raising Cannabis Capital 0001: Preview
MJBullsPodcast preview show is a brief show overview. It's a show about the cannabis entrepreneurs who are raising capital to grow their businesses, the investors who are providing the funding and the stories behind the deals..
MJBulls Episode 0001: Preview - Transcript
Dan Humiston: [00:00:05] The Elevator Pitch, everyone hates it, just thinking about it gives you a stomach ache but you really need to nail it because that 30 seconds may be your only chance. The cannabis industry is growing so fast that companies have to raise capital. That's why every MJBULLS episode starts out with our guest's elevator. So, get ready for some of the best pitches you'll ever hear.
Dan Humiston: [00:00:34] It's MJ Bulls a show about raising capital in the cannabis industry.
Dan Humiston: [00:00:42] I'm Dan Humiston and on today's show - how the lack of traditional funding options for cannabis companies is forcing them to use nontraditional methods like podcasts to raise capital.
Dan Humiston: [00:00:58] The cannabis industry is growing so fast that it's also impossible for cannabis companies to keep up if they're trying to do it out of cash-flow. They just cannot grow fast enough out of cash-flow to keep pace with the rest of the industry. Sure, there are some sectors that are generating enough cash today but how long will that last? The reality is that if you're not growing you're going to die. Unfortunately, most of the cannabis companies that are in business today will not be here tomorrow because the entrepreneurs just do not have the raising capital skill. This is a skill that is really hard to master especially in the cannabis industry because you don't have the traditional lending sources like banks and most VCs refuse to invest in this industry. So, it makes it very difficult for owners of cannabis companies to figure out how to raise capital. The skill of raising capital is very difficult for cannabis entrepreneurs to master
Dan Humiston: [00:02:06] MJBULLS show does three things: First, it provides cannabis companies that are already raising capital a platform to share their ideas to a much broader audience - Essentially the world. The second thing it does is it gives cannabis investors the chance to hear about companies and learn about companies that they might not otherwise have an opportunity to hear about. And finally, it gets cannabis companies that have not yet begun the process or just beginning of the process of raising money a blueprint for them to follow as they prepare for their capital raise.
Dan Humiston: [00:02:43] Cannabis is a bull market. On each episode of the MJBULLS show we will meet the cannabis "BULLS" who are shaping the industry. We will have a chance to get to know the founders, where their from and what path led them to cannabis. We'll learn about their companies: how they got started, what they do, what makes it great, and where they're going. Finally, if they have an offering perspective and they're comfortable sharing it with the world we will link it to our website and we'll go over it point by point.
Dan Humiston: [00:03:13] The highlight of the show comes at the end when we put that week's cannabis BULL on the hot seat for a shark-tank like round of questions submitted by investors. Then at the end of every show we go over that company's information and where investors can go to learn more.
Dan Humiston: [00:03:34] Thanks for listening to the MJBULLS preview show. Please remember to tune in for our premier on September 17th. To learn more, or to apply to become a guest, visit our Web site www.mjbulls.com. You can also subscribe our show at the Apple iTunes store our write to us at firstname.lastname@example.org.
Dan Humiston: [00:03:54] Today's show produced by Buminit Media, I'm Dan Humiston and you've been listening to The MJBULLS Podcast.