Eric Kaufman, COO, Fundcanna Says It Is Key To Secure Financing Before You Enter To The Cannabis Industry, Says You Need Financial Runaway
Portfolio Pulse from Benzinga Newsdesk
Eric Kaufman, COO of Fundcanna, emphasizes the importance of securing financing before entering the cannabis industry, highlighting the need for a financial runway. This advice is crucial for new entrants to ensure sustainability and growth in the competitive cannabis market.
October 09, 2024 | 8:40 pm
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NEUTRAL IMPACT
The advice from Fundcanna's COO on securing financing before entering the cannabis industry could impact MSOS, an ETF focused on U.S. cannabis companies, as it highlights the financial challenges and necessities in the sector.
The mention of the need for financing in the cannabis industry is relevant to MSOS, as it invests in U.S. cannabis companies that may face similar financial challenges. However, the direct impact on MSOS's price is neutral as the news is more advisory than event-driven.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50