CHICAGO, Feb. 17, 2016 /Weed Wire/ — CannaPitch IPO, the legal cannabis industry’s premiere pitch event, will be open to the investing public, bringing true crowdfunding to cannabis companies at the California Cannabis Business Expo, March 4 at the Hilton Union Square, San Francisco.
Four of the industry’s hottest and fastest growing companies that are planning and in the process of going public via Regulation A+ will share their stories onstage in front of a panel of five professional investors and a crowd of private investors. The aspiring business owners will tell their stories and the “crowd,” who will have the opportunity to reserve shares in upcoming IPOs at this one-of-a-kind cannabis roadshow. Participants include a custom packaging company, a real estate industrial park, and an online technology platform.
“This is an extraordinary opportunity for both the presenting companies and the investors,” said Randy Shipley, Chief Revenue Officer, MJIC, Inc. “It is the first time that accredited and non-accredited investors alike will be able to participate in a cannabis company pitch. It is a historic occasion and we’re looking forward to a big turn-out and plenty of ‘crowd’ participation.”
The SEC’s new Regulation A+ allows companies to test the waters in their efforts to secure funding from the general public via crowdfunding, provided they are compliant with a set of specific laws and standards. These new regulations will significantly reduce the cost of filings and relax the rules on financial reporting for public companies using the Regulation A+ path. Furthermore, this new regulation makes crowdfunding more interesting by allowing companies to generally solicit and advertise their offerings.
About the California Cannabis Business Expo
The 2nd Annual Cannabis Business Expo, produced by MJIC Media, is the leading forum in one of the fastest growing industries in the United States. This event is the focus for decision makers in the cannabis industry including; current business owners and managers, entrepreneurs starting a cannabis business, investors providing private equity & resources, and professional and business service providers. This year our expo moves from Colorado, the first state to legalize adult use marijuana to California – the largest legal cannabis market in North America.