From Benzinga's Cannabis Capital Conference: Dustin Milner CEO Talarya Brands On M&A Says 'Until There Is A Larger Influx Of Investor Interest Capital Coming In, Any Cash That We Are Utilizing For Acquisition Will Primarily Go For Operations
Portfolio Pulse from Benzinga Newsdesk
At Benzinga's Cannabis Capital Conference, Dustin Milner, CEO of Talarya Brands, discussed M&A strategy, emphasizing that until there's more investor interest and capital inflow, funds will be prioritized for operations over acquisitions.
April 16, 2024 | 3:58 pm
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NEUTRAL IMPACT
MSOS, a cannabis ETF, may see indirect impact from Talarya Brands' operational focus over acquisitions due to market sentiment on investment strategies in the cannabis sector.
While the statement from Talarya Brands' CEO doesn't directly affect MSOS, it reflects broader sector strategies that could influence investor sentiment towards cannabis ETFs like MSOS.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
YOLO, another cannabis-focused ETF, might experience a similar indirect impact as MSOS from the strategic focus of Talarya Brands on operations rather than acquisitions.
The emphasis on operational investment over acquisitions by a cannabis company could indirectly affect the performance or investor outlook towards cannabis ETFs like YOLO.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50