Board bringing together executives at the Benzinga Capital Cannabis conference in Miami on 04/20
WASHINGTON, April 18, 2022 /PRNewswire/ — Today, the American Cannabis and Hemp Trade Association (ATACH) announced the formation of Capital Markets Council ATACHto help prepare United States capital markets for cannabis stock quotes. The Council was founded on the belief that an evolving policy shift will create equal opportunities for public listings of direct cannabis operations, fueling the global cannabis industry. $35 billion growth in 2022 alone. Through grassroots advocacy, education and outreach, the ATACH Capital Markets Council will work to raise awareness and facilitate dialogue to promote access to capital markets.
“I am delighted to chair this effort as we advocate for United States cannabis companies to list on US exchanges and prepare capital markets for this logical next step. Companies in the legal cannabis ecosystem are experiencing solid growth and access to US stock exchanges would democratize investor access, ensure appropriate company valuations and help continue the overall growth of this great US industry.” – Emilie PaxhiaCo-founder of Poseidon, Asset Management, Chairman, ATACH Capital Market Council
“United States capital markets will eventually list a cannabis stock like any other publicly traded company and now is the time to make that change. This change will help legitimize the investment capacity of cannabis companies, open avenues for institutional investment, bring parity in the valuations of publicly traded plant contact companies and lower the cost of capital.” – Charlie BachtellCEO of Cresco Labs, Vice President, ATACH Capital Market Council
“As U.S. cannabis companies seek to fund the continued expansion of their businesses, the council’s work aims to identify ways to lower the industry’s cost of capital, improve investor access to wealth creation and to obtain appropriate valuations for companies. — Richard CarletonCEO, Canadian Securities Exchange, Board Member, ATACH Capital Markets Council
The Capital Markets Council will meet this week at the Benzinga Capital Cannabis Conference in Miami on April 20-21 and will bring together capital market players and industry leaders at an ATACH event in Fontainebleau.
ATACH also brings together key players including: prime brokers, custodians, market makers, banks, listed companies, industry players, alternative investment firms, hedge funds, equity funds -investment companies, venture capital companies, family offices and foreign stock exchanges.
TO ATTACH : The American Trade Association for Cannabis and Hemp (ATAC) is the main United States 501(c)(6) cannabis industry trade organization promoting the expansion and protection of legal sales of cannabis and hemp for industrial, medical and adult use.
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SOURCE American Trade Association for Cannabis and Hemp