MJBulls 0024 Cliintel Capital Management Group
Dan Humiston: [00:00:00] Support for this show and the following message come from Trevett Hill, overseeing a cannabis investment can be time consuming and expensive. Travis Hill provides cannabis investors with an external turnaround team to help management reignite growth, for a free confidential review. Go to Trevett Hill dot com.
Rich Batenburg: [00:00:18] So we have cultivation we have met MIPs and we have stores. We also have a training company and hardware packaging. We have a leasing company so we are in our portfolio we have all sides of the industry. Maybe maybe a foot deep but very very wide spectrum.
Dan Humiston: [00:00:48] From buminit media its the mj bulls podcast a show about raising Cannabis Capital
Dan Humiston: [00:00:57] I'm Dan Humiston. And on today's show the cannabis investment spotlight shines on clientèle capital's fund manager Rich Bätenburg.
Dan Humiston: [00:01:13] Today we're continuing our cannabis investor Spotlight series and we're joined by Rich Bätenburg the fund manager at cliintèle Capital Group. Rich thanks for being on the mjbulls podcast.
Rich Batenburg: [00:01:23] Thank you. So the MJ bulls podcast has two distinct listener demographics. One is people that are interested in investing in the cannabis industry and the other is cannabis companies that are looking for investment. So I'd like you to speak to both groups. But let's start off with the cannabis companies. Can you tell us a little bit about cliintel nt capital and the type of cannabis companies you look for to invest in and how much you like to invest and even tell us some of the companies that you've invested in.
Rich Batenburg: [00:01:48] Sure. So we are a little bit different in that we touched the plant and we have ancillary businesses and our interests are spread equally between the two. So we are and we take anywhere from a minority to controlling to full interest in both types of entities. So we have cultivation we have MIPs and we have stores. We also have a training company in the hardware packaging. And while we have a leasing company so we are in our portfolio we have all sides of the industry maybe a foot deep. Okay. Very very wide. Our and because we're all fine and we're looking to wrap at some point in the future. And was to find entities that either are pronouced intellectual property or are some kind of branding that could be sold to big food and Big Pharma Big Tobacco or Big Agriculture.
Dan Humiston: [00:02:55] Okay. Yeah that's a good strategy. Can you give us a couple names of some of the people within your portfolio.
Rich Batenburg: [00:03:00] Sure. So cannabis industry Institute is the training company a subtle escape is a hardware and packaging company cultivation is a grow cultivation company here in Colorado. Okay we are the master licensee for the clear and we also are licensed the clear Colorado Group. There's 100 percent held by us. We manufacture and distribute the clear in Colorado. We license under a different entity partners in other states..
Dan Humiston: [00:03:38] So if a cannabis company is raising capital and wants to work with you what information will they need to provide to you and how do they get in touch with you.
[00:03:57] And what I typically want to see is a package with real specific drill down on that business. But what I really wanted to see who you got on your team what kind of tools are you going to employ. And when I talk about tools and market about software systems inventory management systems point of sale systems how do those integrate with your people and then what process is the house. Have you sat down either purchased or written standard operating procedures all the way down to what we would call methods and procedures that you really have a good understanding of how your business works don't have people processes and tools dialed in. I don't believe you're going to be successful. So I have to vet deals based on my understanding of how business works from intention to retention. Then I have to package that and go sell it. I really need to understand your business.
Dan Humiston: [00:04:57] Well I think what you're suggesting to people is good practice to begin with whether they're going to present you with a package or not. It's a good advice one way or the other.
Dan Humiston: [00:05:08] Just a quick thank you to one of our sponsors Bridge West LLC is one of the first accounting firms in the world to focus solely on the cannabis industry. It is your one stop provider for accounting audit tax and advisory service. They're offering a free 30 minute intro call to one of their leadership teams to all MJ Bull's listeners go to bridge west CPS CPA Stockholm and now back to the show.
Dan Humiston: [00:05:32] Well let's switch gears here. Let's say one of our listeners is interested in investing in the cannabis industry. Can you tell us why letting cliintele Capital Group manage their cannabis investment is a good idea.
Rich Batenburg: [00:05:44] Sure. You know we're not for every investor and cannabis isn't for every investor. It does have an inherent risk because it is still as we know federally illegal. So we typically only work with accredited investors so high net worth individuals who can absorb the risk that is inherent in the current state of affairs. Quite frankly if you're not a fan of the plant meaning your consume at some level you're probably not going to get over stigma in order to make the investment. So it's not that we require our passengers to consume but I do find that 99 times out of 100. If a person investor does not consume or has some kind of deep seated issue with consumption they're really wasting their time as well as the investment firm.
Dan Humiston: [00:06:37] You said your e-mail but same thing goes for somebody that's interested in investing.
Rich Batenburg: [00:06:43] Client you can see more about the investment side of the company by going to cliintèle styled incorrectly again cliintèle capital. Com and you're seeing some of my team ads and you can see the kinds of projects that are involved. I believe our firms are different because we are operators and because we are spread across the ecosystem from cultivation to distribution and the some of the support services along that workflow. So we really do understand the business and that's come at great personal expense to me and a lot of time because my money sits next to the investors. I personally on 25 percent or more of our funds. And so I'm not a professional fund manager like you and see a mutual fund company. We do have it and love it and there were down in the dirt quite literally.
Dan Humiston: [00:07:37] But yeah that's what it sounds like when all of Rich's information is his email address and client how cliintel Capitol group information will be on the mjbulls website. M.J.bulls dotcom, rich this has been a really informative and I appreciate your being on the show. Thanks again.
Rich Batenburg: [00:07:52] Thank you.
Dan Humiston: [00:07:53] Well good luck.
Dan Humiston: [00:07:56] Hey just a quick reminder that you can become an MJbulls member for only four ninety nine a month and enjoy exclusive access to companies information like their pitch decks and investment opportunities. Sign up today at MJbulls dot com.
Dan Humiston: [00:08:13] Thanks for listening to the mjbulls podcast to learn more about today's guest or to apply to be a guest. Visit our Web site at M.J. bulls and if you like our show give us a review on iTunes. Today's show was produced by buminit media, i'm dan humiston And you've been listening to the MJ bulls podcast.
*NOTE THIS IS AN AUTOMATED TRANSCRIPT AND THERE MAY BE INACCURACY OR INCORRECT COMPUTER TRANSLATIONS. DO NOT RELY ON THIS OR ANY TRANSCRIPT ON MJBULLS.