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Be Flexible And Get A Supportive Equity Partner — Altmore Capital Co-Founder Advises Companies At Benzinga Cannabis Capital Conference

Since 2017, Altmore Capital seems to have been providing that much-needed specialty finance focused exclusively on the U.S. cannabis industry. The company provides flexible financing options to both its plant-touching and ancillary partners.

As the global legal cannabis market was valued at $17.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 25.3% from 2022 to 2030, many companies are looking for ways to tap into the growing market opportunity.

But how do they get financing to tap into the growing cannabis market? Steve Ham, co-founder and managing partner at Altmore Capital, shared a few tips at this year’s Benzinga Cannabis Capital Conference in Chicago.

According to him, “In terms of putting together your capital stack, you do need to start off with the foundation of your capital stack, which is the equity stack. What that really means is that you should find an equity partner that is supportive, that is well-heeled, and that can move with you as your strategy may change.”

Ham explained, “I think what people sometimes forget is, especially in the cannabis industry, it is a very fast growing, and it does change very quickly and more so than any other industry I’ve been a part of. So developing a relationship with your lender is extremely important.”

He also urged companies to be flexible enough in their business model “so that if you have to change or pivot your business strategy, you can do so.”

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Interested in learning more about the Benzinga Cannabis Capital Conference? Get more information here.

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