Diffusion raffin
  • Home
  • Posts
  • Policy
  • Send Email
Bruce Linton On His $150M Venture: ‘Hemp’s Disruptive Potential Is Higher Than CBD’

Bruce Linton On His $150M Venture: ‘Hemp’s Disruptive Potential Is Higher Than CBD’

UK LINTON

Bruce Linton, chief executive officer of Canopy Growth Corp., gestures while speaking during an … [+] interview in London, U.K., on Tuesday, May 14, 2019. Acreage Holdings Inc.’s early holders will be free to sell as many shares as they want this week for the first time since the cannabis company went public, giving them the chance to weigh in on its controversial takeover deal with Canopy Growth. Photographer: Simon Dawson/Bloomberg


© 2019 Bloomberg Finance LP

Article written in collaboration with Natán Ponieman.

After his departure from cannabis behemoth Canopy Growth, former CEO Bruce Linton kept his senses open for new opportunities.

A brief, 7-month tenure as executive chairman of Vireo Health showed the world that, in spite of pursuing other non-cannabis ventures, the entrepreneur is still interested in the cannabis plant.

However, Linton appears to be sailing against the CBD current.

Bruce Linton speaker bio

Bruce Linton speaker bio


Courtesy Image

“I’m not super sold on CBD as a segment, but I’m hugely sold on the hemp plant,” he told us in a recent interview, conducted minutes before hopping on the virtual stage of the Prohibition Partners Live conference.

For Linton, the CBD craze will blow over, but the hemp plant is here to stay. And he doesn’t intend to be left behind.

Earlier this year, Linton launched Collective Growth, a special-purpose acquisition company that went public on the Nadaq exchange in May, and aims to exploit the potential of hemp, seeking to disrupt many industries that go well-beyond medical and recreational cannabis.

“The biggest disruption opportunity related to cannabis plants at large is to use the whole plant and hemp for what it can do. And there’s over 200 categories of things that you can disrupt,” he said.

Not CBD, Hemp!

Linton says he’s “on the outside looking in, as far as the belief in CBD.”

CBD is definitely a powerful cannabinoid, he adds. The therapeutic effect of high-dosage CBD in specific cases, like reducing spasticity in children affected from refractory epilepsy, has been clinically proven.

See also: Magic Johnson Talks CBD: ‘I’m A Believer’

“That dosage response is true. But that’s super high dosages, right? This is like a thousand plus milligrams,” adds Linton.

And he has a point. While CBD has shown consistent results for the treatment of specific ailments, the panacea-mentality associated with the compound in recent years is likely to be far-fetched. In fact, some have gone as far as claiming CBD can cure COVID-19 – a claim that has not been proven anywhere and prompted the FDA to send a warning letter informing it would pursue “legal action, including, without limitation, seizure and injunction,” should the people behind it not retract it immediately.

CANOPY GROWTH

Bruce Linton, chief executive officer of Canopy Growth Corp., stands for a photograph in the Mother … [+] Room at the Canopy Growth Corp. facility in Smith Falls, Ontario, Canada, on Tuesday, Dec. 19, 2017. Canadian medical marijuana is setting the stage to go global. The country’s emerging legal producers have a chance to seize opportunities in other countries that could make them worldwide leaders, according to Linton. Photographer: Chris Roussakis/Bloomberg


© 2017 Bloomberg Finance LP

“If you just rubbed it on your elbow and it is allegedly a 20 milligram total dose cream in the container, so you rub two milligrams on your elbow, I’m highly suspicious of any efficacy to your benefit.”

This position is consistent with Linton’s signature stance of looking at science and research before making big decisions. The executive lamented how in the past 18 months, research and science related to cannabinoids in general has slowed down immennsely, in benefit of more market-oriented practices and studies.

This disbelief in CBD as a segment led Linton to analyze hemp’s sustainable and economic potential.

See also: More Potent Than CBD, THC: Dr. Raphael Mechoulam Explains His Latest Discovery

“The more I went around and the more I looked, the more it was evident that everybody was growing the wrong kind of hemp plant,“ he explains.

In his eyes, many farmers are trying to make a quick buck off CBD, while failing to recognize the immense value of the by-products of the production of CBD from hemp.

The Collective Growth Corporation

Turning his ideas into action in a classic Bruce Linton fashion, the executive founded Collective Growth Corp, a blank-check company that aims to fuel the U.S. hemp industry.

Bruce Linton

Canopy Rivers founder, Chairman & co-CEO Bruce Linton is interviewed on the floor of the New York … [+] Stock Exchange, Thursday, March 7, 2019. (AP Photo/Richard Drew)


ASSOCIATED PRESS

In spite of the financial crisis, the company was able to raise $150 million and IPO on the Nasdaq on May 1, under the symbol CGROU. The company’s core team even got to ring the bell – virtually, as the only company that went public on the exchange that week.

Linton currently serves as chairman and CEO.

In his own words, if the company is able to execute the strategy it has planned out, it can grow to a billion dollar enterprise within 18 months.

Hemp’s ability to be used as an industrial material in countless supply chains in a sustainable way makes it a valuable commodity in the post-COVID world. In the “new normal,” global supply chains are starting to raise concerns arounnd logistics and sustainability.

See also: University Of Toronto, Canadian Biotech Company Collaborate On Cannabinoid-Based COVID-19 Treatment

Hemp is specially viable as a building material. Its fibers, says Linton, are stronger than steel, when looking at their tensile strength per diameter.

Opportunities In Europe

As opposed to the U.S., Europe never placed strong restrictions on hemp. That has put the region in a competitive advantage in terms of production capacity and technological development.

For Collective Growth, Europe is where the best purchase opportunities can be found. The company was founded as a special-purpose acquisition company, or SPAC, a type of company that raises funds in order to acquire other companies. SPACs has become very popular in the cannabis industry in recent months, and some argue they “saved” the cannabis market in a time of limited access to capital.

CANOPY GROWTH LINTON

Bruce Linton, chief executive officer of Canopy Growth Corp., stands for a photograph following an … [+] interview in Toronto, Ontario, Canada, on Thursday, Aug. 30, 2018. Canopy Growth’s game-changing deal with the maker of Corona beer has more than doubled the pot producer’s stock price, but its chief executive officer says the global medical market is the real justification for its sky-high valuation. Photographer: Galit Rodan/Bloomberg


© 2018 Bloomberg Finance LP

“You can buy a BMW right now, the E series…one of them is 21% made of hemp, and none of it comes from America. None, not a scrap of it. It’s all from Europe,” says Linton.

Collective Growth is looking at hemp companies that produce food and pharma products, as well as others that focus on disruptive uses of hemp for industrial purposes. Although Europe is where the best hemp technology is found today, Collective Growth’s mission is to bring hemp back as a significant crop into the agricultural system of the United States.

According to Linton, farmers in the U.S. who want to grow other crops are in trouble nowadays: soybeans face strong competition from China; corn, which is largely produced for the extraction of ethanol as a fuel, is bad business because oil prices are at record lows. The situation is starting to look dire.

Hemp, on the other hand, can become a viable source of revenue for U.S. farmers. According to Linton, if the plant is cultivated and processes correctly, every part can be utilized. This means revenue sources are increasigly diversified.

“By the time you get to the CBD, you’ve made enough profit off the whole plant that you can actually take a small part of that profit -less than half- use it to extract and get free CBD.”

See also: UNM Study: Cannabis Is Effective In Treating Depression, Improving Mental Health

Linton will be leading purchases for his new SPAC, while filling board seats at MindMed and Red Light Holland, two up-and-coming psychedelics companies he’s involved in. Linton also holds an executive post at Gage Cannabis and has co-founded a P2P rental marketplace called Ruckify, which already employs 100 associates and has country-wide presence.

CBD Oil, The 9 Best s About Cannabinoid
Find out more

GoT’s ‘The Mountain’ Talks CBD: ‘My Body Feels Great’ Cannabis Global Launches New “Hemp You Can Feel™” Alcohol Substitute Mixers

Related Posts

The Founder Bringing CBD To The Country Club Set

Health

The Founder Bringing CBD To The Country Club Set

Cannabis Global Launches New “Hemp You Can Feel™” Alcohol Substitute Mixers

Health

Cannabis Global Launches New “Hemp You Can Feel™” Alcohol Substitute Mixers

GoT’s ‘The Mountain’ Talks CBD: ‘My Body Feels Great’

Health

GoT’s ‘The Mountain’ Talks CBD: ‘My Body Feels Great’

Archives

  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • March 2019

Recent Posts

  • The Founder Bringing CBD To The Country Club Set
  • Cannabis Global Launches New “Hemp You Can Feel™” Alcohol Substitute Mixers
  • Bruce Linton On His $150M Venture: ‘Hemp’s Disruptive Potential Is Higher Than CBD’
  • GoT’s ‘The Mountain’ Talks CBD: ‘My Body Feels Great’
  • CBD OF DENVER, INC. (CBDD) Offers Additional Information on Q2 Earnings

Hours

MON - FRI 9AM -11PM
SAT - SUN 5PM - 2AM
Open only on weekends

Categories

  • Bathroom Design
  • Health
© Diffusion raffin 2021