MJBulls 0031 Cashing Out Preview Transcript
Dan Humiston: [00:00:00] Today's show and the following message are brought to you by a former guest Bob Hoban founder of Hoban Law Group which has the first exclusive cannabis law firm. They have offices throughout the U.S. and the world. Listen to MJ bulls Episode 7 or go to Hoban law for all your cannabis legal needs.
Dan Humiston: [00:00:18] Bam done three shows a week Monday Wednesdays and Fridays perfect everything's good. No I've been getting e-mails from people saying Dan you're leaving out one of the most obvious things and that is selling your business.
Dan Humiston: [00:00:40] From Buminit media it's the MJ bulls podcast a show about raising cannabis capital. I'm Dan Humiston. And today's show is a preview of our new ambitious Sunday cannabis series which was inspired by your e-mails.
Dan Humiston: [00:01:08] Welcome to our new Sunday MJ bulls podcast series called cashing out.
Dan Humiston: [00:01:13] You know when initially came up with the idea to do a podcast. My idea was do a show about cannabis companies that are raising capital and I do one show a week and have the rest a week to do whatever I wanted. I was thinking every cannabis company or just about every cannabis company that I know is raising capital or wants to raise capital so I should have no problem getting guest and whenever I tell anybody that I'm in the cannabis business like the first thing they say to me is who should i invest in? So I figure there's going to be a big audience that shouldn't be a problem.
Dan Humiston: [00:01:45] So we did our first episode and almost immediately I started getting e-mails from people saying we should talk a little bit more about the process. I wish you'd go a little deeper dive into each aspect of the process. So I said that's a good idea. So why don't we start another series then we did. We called this Things to Know and Raising Cannabis Capital. Bam done move on.
Dan Humiston: [00:02:07] Well don't you know we start getting emails from from investors and investors alike. Where do you think we get the money to invest in these companies. We had to raise capital just like those guys. Could I be on your show. So let's start another series and we'll call it Cannabis Investor Spotlight series and we'll just have investors on there and they can talk about what they do. BAM solve. Done three shows a week Monday Wednesdays and Fridays perfect everything's good.
Dan Humiston: [00:02:35] No. I've been getting e-mails from people saying Dan you're leaving out one of the most obvious things and that is selling your business because most people are raising capital is just a means to an end. Their goal is to sell out. They want to sell their business. But you know the idea of somebody coming on here and saying here's what I'm selling here's a business. It's just not interesting in recapping a sale like a box score of a sale. That's really boring.
Dan Humiston: [00:03:07] So as good as this idea was I just couldn't figure out a format to make it interesting or make it so that you know you guys would want to listen to it. So I kind of have been sitting on it. And then last week I got an e-mail from somebody which really sparked an idea. His e-mail said his e-mail asked me if I was going to interview any of our previous guests because he kind of was curious you know what happened.
Dan Humiston: [00:03:30] And I'm like well there's a good idea what if we did the sale from the time the person gets the decision to make to sell the company until they actually sell the company until they are at the closing table and they sign the closing documents. Every week we will report back or that entrepreneur will report back what they did. What went on. We will bring on guest and do phone calls with guest we'll answer some of the questions of the week and we'll see where it goes.
Dan Humiston: [00:04:01] I know it's going to be tricky because part of this whole sale thing is that some of this information you don't want the buyer to know some of the things that you do prefer them not to know like for instance I'd love to take that offer but I'm going to ask for more. So we have to figure out a way. And I think I have an idea how to keep it transparent but still not ruin the sale if you know what I mean like I said I think I have an idea.
Dan Humiston: [00:04:25] I mentioned the name of this new series is CASHING OUT. It'll air every Sunday. So stay tuned for next week because next week I'm going to announce who the entrepreneurs that will be following AND the name of their company. And we're going to get right into it and we'll see where it goes. I mean just like every other thing that I've ever done I'm sure we're going to change a bunch of times along the way. We're going to adjust but as long as you guys don't mind and you're willing to put up with changes and adjustments I'll take a shot. We'll take a shot at it. Let's see what happens.
[00:04:59] So if you have any ideas about this or any suggestions send me an email. at Connect@MJBulls.com Enjoy the rest of your weekend. Don't forget tomorrow is our interview with urban grow. And I will see you next week on Cashing Out.
Dan Humiston: [00:05:16] Just a quick reminder that you can become an MJ bulls member for just four dollars and 99 cents per month. And enjoy exclusive access to companies pitch decks and the cannabis capital directory. Join today at MJbulls.com
Dan Humiston: [00:05:32] Thanks for listening to the MJBulls podcast to learn more about today's guest or to become a guest. Visit our website at MJ bulls dot com. Today's show was produced by Buminit media with original music composed by Jamie Humiston. I'm Dan Humiston and you've been listening to the MJBulls podcast.
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