Posts in Business & Fundraising
Business Development & Fundraising Team Update February 1, 2019
 
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THIS WEEK’S UPDATE

  • Ian Wyatt held a webinar where he spoke about Province Brands resulting in close to a million dollars in commitments from various prospective investors.

  • Multiple investors not associated with their webinar also sent in their checks this week. Our Series B round is off to a good start.

  • A major NY-based investment bank has expressed interest in helping us raise capital. We would be working with their micro-cap team but still exciting.

  • We had a good meeting with a global beverage company who has been very interested in our round.

  • Separately earlier this week we completed the technical due diligence with this beverage company. Next step is a visit to our facility in late February pending certain members of their team receiving their visas to visit Canada.

  • We have received favorable indications that the deal we have been working on with one of the world's leading sports nutrition companies is looking promising

  • Lauren was in London this week speaking at the Future Cannabis Strategies Europe conference and took multiple meetings with prospective Investors

  • We received interest in a merger with a publicly traded company in the cannabis industry. We are exploring the possibility. Should have more news on this soon.

LOOKING FORWARD

  • Dooma, Dylan and Lauren will be in Los Angeles for Arcview next week. If you know any LA-based investors you think we should meet please let us know.

  • Lauren will be in Panama the following week for Canna-Tech. If you know anyone she should meet there please let us know

  • We will be in Ft. Lauderdale on or around the 28th for the Kahner Global event. If you know anyone we should meet there please let us know

THINGS WE NEED HELP WITH

  • Would love introductions to any prospective investor who might be interested in participating in this round

Business Development & Fundraising Team Update January 25, 2019
 
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THIS WEEK’S UPDATE

  • Dooma was in Japan and Hong Kong meeting with prospective investors. The meetings went very well. A big thank you to Province Brands investor Chenghung Chen for setting up meetings in Japan! Arigato Gozaimasu!

  • We recently closed a deal with Grain and Grit in Hamilton to produce our Cambridge Bay alcohol beer in Ontario for us as an outsource partner - at least until our own brewery is ready (Or maybe forever if the proposed regulations go through as planned and we are not able to make alcohol products and marijuana products in the same facility - we are lobbying to try to change that).

  • In partnership with Hill Street Beverages we have set up the Canadian Cannabis Beverage Alliance to lobby the government to change certain of the proposed regulations which we see as not helpful to our industry but also not in the interest of public health and safety. This trade organization will continue indefinitely long after the regulations become written in law to advocate for the interests of our industry. Hexo / Molson/Coors and Tilray / AB Inbev have both volunteered to join our trade organization. We are working to get many other big names to join.

  • Our team is really shaping up. Fran Sanda has been a great addition and is showing amazing leadership. Julia has become a closing machine and is closing investor after investor. Dylan has been a rock star since joining. Jessa is doing a phenomenal job of planning upcoming investor tours and Lauren has closed her first investment. Erin Shand has been taking the lead on coordinating our lobbying efforts. Province Brands investor and advisor Aman Chatha keeps closing the co-packing deals. Andrew Del Fatti our summer intern is back and ready to close some deals. I'm really impressed. We have a lot of growing and development to do as a team but it's heading in the right direction. This is becoming a team that can really get things done. I'm proud to be running this team (with some help from Fran).

LOOKING FORWARD

  • Lauren Maillian will be in London, January 28-30, attending a conference and meeting with current and prospective investors. If you know anyone who she should meet please let us know.

  • Dooma and other members of the team will be in Los Angeles, February 4-8, attending the Arcview conference and meeting with prospective investors. If you know anyone we should meet please let me know.

THINGS WE NEED HELP WITH

  • We're on the fundraising warpath. If you know any prospective investors please send them our way. Also we're looking for introductions to anyone you think might be interested in joining our trade association the, Canadian Cannabis Beverage Alliance! Would love any introductions and thanks to everyone who has joined to date.

Business Development & Fundraising Team Update January 18, 2019
 
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THIS WEEK’S UPDATE

  • We closed an additional white label deal - this one with Gahan - the largest brewery in Prince Edward Island.

  • We were planning to launch our Cambridge Bay Imperial Pilsner (7% ABV Imperial Pilsner brewed from hemp) in Yukon because it was easy and feasible to get on the shelves there quickly. Unfortunately, there have been some delays in the production of this beer but this has enabled us to launch in Ontario first instead. We will be producing the beer through a partnership with Grain and Grit.

  • I believe many of you saw the press release but we've closed a supply arrangement with the Canadian Hemp Farmer's Alliance for purchasing hemp to make our Cambridge Bay Imperial Pilsner and any other beers we need to make. This partnership will enable us to purchase hemp at $55 per ton which is just a tiny fraction of what normal breweries pay for barley - at $600 per ton.

  • We're continuing our Series B and have been receiving lots of inbound interest lately.

LOOKING FORWARD

  • Lauren is taking a bunch of meetings in NYC with prospective investors this coming week.

  • Dooma is in Asia this week and will soon be in London to meet with prospective investors.

  • We are organizing a tour for a big prospective investor week of the February 10th.

THINGS WE NEED HELP WITH

  • We are forming a lobbying group called the Canadian Cannabis Beverage Alliance to help lobby for more favourable cannabis beverage regulations. Some of the biggest alcohol and cannabis companies in Canada have joined with us - but we're up against stiff competition. Canopy Growth is lobbying very hard to keep companies like Province from launching competing products. We're looking for new members to join our alliance so if you have relationships with any Licensed Producers or beverage companies in Canada who might want to join, please pass the information along to me (Dooma) - as soon as possible. This is time sensitive and urgent. Dues are fairly low and we're putting together a very strong group. Additionally if you're interested in donating to the organization (we're a non-profit but not a charity, so not sure it will be a tax write off) please let me know as well.

Business Development & Fundraising Team Update January 11, 2019
 
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THIS WEEK’S UPDATE

  • Mixed news on the business development and fundraising front. Oscar and I had an amazing meeting with a major international beverage company. We are coordinating next steps with them. At the same time we had two other major beverage companies cancel tours which were supposed to take place this week. The tours will be rescheduled, but we are out more than $5k in nonrefundable expenses. We hope to get the tours rebooked soon.

  • We are hosting a tasting event for a major beverage company this coming week and if they like the beverage they will likely recommend to their board that they invest.

  • We have received positive responses to our roadshow plans, and I will be travelling soon to hopefully get some good commitments for this round.

LOOKING FORWARD

  • Between now and the end of February we are launching a roadshow to raise capital for our series b round. If you know anyone we should visit or anyone who might be looking for a good investment opportunity please let us know.

  • We are expecting at least two tours with major beverage companies in the next month.

THINGS WE NEED HELP WITH

  • We are still looking to hire a chief business developer officer and a president.

  • We are in a fundraising phase so if you know anyone interested please send them our way.

Business Development & Fundraising Team Update January 4, 2019
 
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THIS WEEK’S UPDATE

  • As many of you know we have split our funding round into a brokered round and a concurrent non-brokered round.

  • Our newest team member, Dylan Rogers, closed three investments in our non-brokered round in his first week with the team. The first of those has already been deposited in our account.

  • Another new team member, Lauren Maillian, recently began making some introductions to some very promising leads.

  • Dooma and Oscar are travelling right now meeting with a multinational, multi-billion dollar beverage company which has expressed interest in entering into exclusive negotiations to fully fund our current round

LOOKING FORWARD

  • A different multi-billion dollar Venture Capital / Private Equity firm will be visiting our facility the 15th – 19th for a tour related to making a possible investment.

  • We are planning a roadshow to meet with prospective investors the week of the 21st. Please let us know if there is anyone we should meet.

  • We will be presenting at the Arcview Conference in Los Angeles on Feb 5th. Let us know if there’s anyone in the area we should meet.

THINGS WE NEED HELP WITH

  • We are looking for a chief business development officer to help us with our business development and fundraising efforts.

  • We are still looking for a president to work alongside Dooma.

Business Development & Fundraising Team Update December 14, 2018
 
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THIS WEEK’S UPDATE

  • We have received a $2 Million commitment for our current round.

  • We hired Dylan Rogers, a new member of our Business Development and Fundraising Team.

  • We are thrilled to welcome Lauren Maillian to our team. She will help with Business Development and Fundraising.

  • We are also welcoming Joe Barron, who has joined as a consultant.

LOOKING FORWARD

  • We are planning an additional roadshow for mid-January to mid-February to hopefully close up our current round. We will be in NYC, Europe and Asia. Let me know if there's anyone you think we should meet.

  • We are also trying to put together our list of conferences to attend in early 2019. Let us know if you are aware of any good fundraising conferences.

THINGS WE NEED HELP WITH

  • Looking for a Chief Business Development Officer to lead this team

  • Looking for less senior business development team members as well.

Business Development & Fundraising Team Update December 7, 2018
 
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This is Dooma writing. With apologies, this week’s update will be a bit longer, especially as there was no update last week. We’ve had some recent personnel changes in Province Brands’ Business Development and Fundraising team and, while it was not my intention to get involved in managing the team on a day-to-day basis, this is an area where the company really needs my expertise at the moment. For now, I’ll be handling the updates, though they won’t all be this long. Next week I’ll return to the regular format. 

Most importantly, our Series B fundraise is taking a bit longer than was initially anticipated. This is unfortunate. We’re hoping that with new personnel joining our team and an updated strategy, we can get the round closed no later than mid-March 2019.  

A part of the issue was out of our control. Shortly after we opened the funding round, the market for publicly-traded cannabis companies went into free fall and it has not recovered yet. Further, a large number of US-based cannabis companies have since listed publicly and those have pulled investors’ attention away from Canadian companies, which seem to be perceived as a smaller market (since Canada’s population is around 1/10 that of the USA). As a result, there are currently upwards of 60 deals underwritten by Canadian investment banks that were initiated in the first quarter of 2018 and have yet to close or be fully funded. Ours is one of them. The other part of the issue is internal. Province had not adopted the best strategy to help facilitate the capital raise. We are addressing these issues and are developing a much stronger strategy to close more effectively. 

Going forward, Province Brands will bifurcate our $30 million Series B round and offer two paths to investment. We will continue to work with Paradigm and shortly we will launch a non-brokered private placement that we will manage in a manner similar to how we successfully raised our seed, Series A and A2 funding rounds. Both rounds will have the ability to raise up to $30 million CAD, and our current plan is that when the combination of the two raises brings in $30 million (or not more than $34.5 million, as there is a small oversubscription allowance) we will take the company public on the TSXV as planned. This strategy is innovative and complex, and we would certainly love to have your guidance, suggestions and advice. I think most of you have my phone number, but in case you don’t, it is plus one five one four five five zero five eight six eight. 

This past week primarily was spent on restructuring the Business Development and Fundraising team, cleaning up our tools, and preparing to make some major progress in the weeks ahead. We also made a new hire and will have a fifth full-time member join the team in early January. We just added two part-time contractors to the team and a third is joining soon. We are also scheduling meetings for my upcoming trips to Miami, Montreal and London. Let me know if you live in any of these cities and would like to meet. I’d love to connect with you! Finally, we’ll be preparing a roadshow in January to visit the most promising prospective investors. Let me know if there’s someone you think we should speak to or visit during the roadshow.

We’re going to get this done. We always do. Of course, it won’t be easy – but nothing ever has been for us. That’s OK. We’ve accomplished quite a lot, and I could not be more proud of this team. 

I’ll wrap this update by drawing your attention to some huge things the Business Development and Fundraising Team, along with some of the other teams, have accomplished since we opened the Series B round. There will definitely be more to come. 

1) Province Brands moved into a 123,000 SF building in Grimsby, Ontario, that will be the world's first cannabis brewery. Construction is currently underway. You can seem some images of the facility in these links: Grimsby 1, Grimsby 2, Grimsby 3, Grimsby, 4, Grimsby 5, Grimsby 6, Grimsby 7, Grimsby 8

2) We have announced the launch of our first alcohol beer made from hemp, Cambridge Bay Imperial Pilsner, which is fully legal and can be sold wherever alcohol is sold. First sales are expected early in the second quarter of 2019. Cambridge Bay Imperial Pilsner is a precursor to our forthcoming marijuana products, which won't be legal in Canada until October 2019. The first market where we will roll out the beer is the Yukon. Read the press release.

3) We have forged a partnership with Brock Street Brewing and will be releasing two different beers with them, one an alcohol product brewed from hemp, and one an alcohol-free marijuana product brewed from marijuana. Read the press release.

4) We have closed a partnership with Lost Craft Brewing and will be copacking a marijuana beer for them. Read the press release

5) We have closed a partnership with Bell City Brewing and will be copacking a cannabis beer for them in our facility. Read the press release.

6) We have closed a partnership with Georgian Bay Biomed and will be copacking a cannabis beer for them in our facility. Read the press release.

7) We have closed a deal with Ayre Resorts to distribute our alcohol beer in their resorts and - only when it becomes fully legal to do so - our cannabis beer there as well. This has not been announced. Read press release.

8) Not yet announced, we have closed a major supply agreement with the Canadian Hemp Farmer's Alliance to supply hemp for our alcohol beer at $55 per ton. For reference, the price of a ton of barley is $600 per ton so this is a huge savings. 

8) Not yet announced, we have forged a partnership with The Ublu Inn and the Kuugaq cafe in Cambridge Bay, Nunavut, related to our right to name the beer brand "Cambridge Bay". 

9) We have substantially grown our science team and now have 9 researchers. We have 3 Ph.D. scientists full time and collectively our science team has received 99 patents in the past and been published in 54 articles in peer reviewed journals. 

10) We have test brewed many batches of beer and are gearing up for our first production run of Cambridge Bay Imperial Pilsner. Here are some videos which show our team hard at work making beer (two do not have any sound). Video 1, Video 2, Video 3

11) We have purchased millions of dollars’ worth of equipment, including two 20,000 HL per year capacity brewhouses plus ample fermenters, enabling our company to produce 40,000 HL of beer per year as soon as we complete setup of these systems. Another system enabling us to produce an additional 135,000 HL per year has been designed.

Business Development & Fundraising Team Update November 23, 2018
 
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THIS WEEK’S UPDATE

  • Continued Series B fundraising.

  • Secured two meetings with big LPs.

  • Got great responses for our PR regarding partnership with Lost Craft.

  • Worked on more PR regarding other partnerships we secured.

  • Worked on a unique proposal for a big sports beverage company.

  • Started training our new team member Jessa.

LOOKING FORWARD

  • Meeting with two of the bigger LPs to introduce Province and discuss different opportunities, one Canadian and one in the USA.

  • Most of the team’s time will be dedicated to Series B fundraising.

  • Follow up with investors we met on the road show.

  • Work on the next visit for DD by investors from Cambodia.

  • Continue looking for more team members.

THINGS WE NEED HELP WITH

  • We have completed the road show, and focusing now on getting commitments to close the round. We are still accepting new orders, and would be happy for introductions to new investors.

Business Development & Fundraising Team Update November 16, 2018
 
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THIS WEEK’S UPDATE

  • Continue Series B fundraising.

  • Had a good meeting with one of the funds from Hong Kong that is in DD process.

  • Participated at MJ BizCon in Vegas, Conducted many meetings including meeting a few of our existing investors. We appreciate the trust followed by action to re-invest in Series B.

  • Worked on a PR to announce a copacking deal with an Ontario Beer.

LOOKING FORWARD

  • We have a new team member, Jessa, joining the team as Business Development Coordinator.

  • Meeting with one of the bigger LPs to introduce Province and discuss different opportunities.

  • Most of the team’s time will be dedicated to Series B fundraising.

  • Follow up with investors we met on the road show.

  • Announcing our copacking partnership with Lost Craft

  • Continue looking for more team members.

THINGS WE NEED HELP WITH

  • We have completed the road show and are focusing now on getting commitments to close the round. We are still accepting new orders and would be happy for introductions to new investors.

Business Development & Fundraising Team Update November 9, 2018
 
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THIS WEEK’S UPDATE

  • Continued Series B fundraising.

  • Hosted an institutional investor who was conducting due diligence before a substantial investment. The visit went well, and we are moving forward with the DD. One more visit still required on early December.

  • Started three DD with funds we met at the Hong Kong Cannabis Investor Symposium.

  • Presented at the DC Finance event in Toronto. Good intros to new investors.

  • Worked on a PR to announce a copacking deal with an Ontario brewery.

  • We have a new team member joining next week

LOOKING FORWARD

  • Most of the team’s time will be dedicated to Series B fundraising.

  • Follow up with investors we met on the road show.

  • Participate in the MJ Bizcon at Las Vegas, and meet with potential investors.

  • Get the PR approved and published.

  • Continue looking for more team members.

THINGS WE NEED HELP WITH

  • We will be in MJ Bizcon at Las Vegas, if you or anyone you know is attending, we would be happy to meet. Wednesday, November 14 – Friday November 16.

Business Development & Fundraising Team Update November 2, 2018
 
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THIS WEEK’S UPDATE

  • Continue Series B fundraising.

  • Participated in the Hong Kong Cannabis Investor Symposium.

  • Met with potential investors in Kuwait.

  • Signed a copacking deal with an Ontario brewery.

  • Prepared for a due diligence visit by a big institutional investor coming this week.

  • Sent an offer to a potential new team member.

LOOKING FORWARD

  • Most of the team’s time will be dedicated to Series B fundraising.

  • Present at the DC Finance event in Toronto this Tuesday, Nov 6.

  • Host an institutional investor who is conducting due diligence before a substantial investment.

  • Follow up with investors we met on the road show.

  • Continue looking for more team members.

THINGS WE NEED HELP WITH

  • If you have investors to introduce us too, we will be happy to call/meet them to bring them into the Province Team. If needed, we can travel to present to them in person.

Business Development & Fundraising Team Update October 26, 2018
 
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THIS WEEK’S UPDATE

  • Continued Series B fundraising.

  • Conducted calls and meetings in Toronto, Dubai, and Germany.

  • Contacted investors in to set up meetings for the coming weeks.

  • Moving forward with a few companies (LPs, brewries) to set a copacking agreement

  • Met with one of the leading global alcohol brands.

  • Presented in the Private Cannabis Investment Summit in Toronto.

  • Set and arranged a due diligence visit by a big institutional investor for next week.

  • Interviewed a couple of candidates and started preparing an offer to one of them.

LOOKING FORWARD

  • Most of the team’s time will be dedicated to Series B fundraising.

  • Participate in Arcview Hong Kong.

  • Meet with potential investors in Kuwait.

  • Set meetings with investors while we are on our roadshow.

  • Host an institutional investor who is conducting due diligence before a substantial investment.

  • Follow up with investors we met at the Private Cannabis Investment Summit in Toronto.

  • Continue looking for more team members.

  • Prepare for DC Finance event in Toronto on Nov 6.

THINGS WE NEED HELP WITH

  • If you have investors to introduce us to, we will be happy to call/meet them and add them to the Province Team. If needed, we can travel to present to them in person. Our roadshow schedule is:

    • Tuesday, October 30th – Friday, Nov 2nd – Hong Kong

    • Tuesday, October 30th – Thursday, Nov 1st – Kuwait

Business Development & Fundraising Team Update October 19, 2018
 
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THIS WEEK’S UPDATE

  • Its official, Canada is the first country to legalize cannabis! The countdown to edible legalization has started...

  • Continued Series B fundraising.

  • Conducted calls and meetings in Singapore, Cambodia, and Tokyo.

  • Contacted investors in different parts of Canada, Dubai, and Germany to set up meetings for the coming weeks.

  • Moving forward with a few companies (LPs, breweries) to set a copacking agreement

LOOKING FORWARD

  • Most of the team’s time will be dedicated to Series B fundraising.

  • Set meetings with investors while we are on our roadshow.

  • Dooma will continue the roadshow and be in Dubai and Germany.

  • Meet with one of the leading global alcohol brands.

  • Present in the Private Cannabis Investment Summit in Toronto.

  • Continue looking for new team members

THINGS WE NEED HELP WITH

  • If you have investors to introduce us to, we will be happy to call/meet them and add them to the Province Team. If needed, we can travel to present to them in person. Our roadshow schedule is:

    • Thursday, October 25th - Dubai

    • Friday, October 26th - Hamburg

    • Thursday, November 1 - Saturday, November 3 - Hong Kong Arcview conference

Business Development & Fundraising Team Update October 12, 2018
 
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THIS WEEK’S UPDATE

  • Over the last week, we have focused most of our efforts on Series B fundraising, rather than business development.

  • Conducted calls and meetings in New York, Montreal, Toronto, and Vancouver.

  • Contacted investors in different parts of Canada, USA, and the world to set up meetings for the coming weeks.

  • Talked with a few IR companies to support us once we are a public company.

  • Interviewed a few candidates to join the team

LOOKING FORWARD

  • Most of the team’s time will be dedicated to Series B fundraising.

  • Set meetings with investors while we are on our roadshow.

  • Dooma and Elad will continue the roadshow and be in the following cities: Singapore, Phnom Penh (Cambodia), and Tokyo.

  • Chose an IR firm to support Province’s communications once public.

  • Continue looking for new team members

THINGS WE NEED HELP WITH

  • If you have investors to introduce us too, we will be happy to call/meet them and add them to the Province Team. If needed, we can travel to present to them in person. Our roadshow schedule is:

  • Tuesday, October 16 - Singapore

  • Wednesday, October 17 - Phnom Penh, Cambodia

  • Thursday, October 18th – Japan

  • Friday, October 19th - Japan

Business Development & Fundraising Team Update October 5, 2018
 
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THIS WEEK’S UPDATE

  • Over the last week, we have focused most of our efforts on Series B fundraising, rather than business development.

  • Participated in conferences in London and Geneva, with the support of PI Financial, and received a lot of interest in our raise.

  • Met with potential investors in Toronto, including a couple of the bigger LPs.

  • Contacted investors in different parts of Canada, USA, and the world to set up meetings for the coming weeks.

  • Talked with a few IR companies to support us once we are a public company.

LOOKING FORWARD

  • Most of the team’s time will be dedicated to Series B fundraising.

  • Set meetings with investors while we are on our roadshow.

  • Dooma and Elad will continue the roadshow and be in the following cities: New York, Montreal, Vancouver, and Japan to attend meetings with investors (Full schedule below).

  • Choose an IR firm to support Province’s communications once public.

  • Continue looking for new team members

THINGS WE NEED HELP WITH

  • During the next two weeks, we will be in the following cities. If you know any investors you’d like to introduce us to, we will be happy to call/meet them and add them to the Province Team. If needed, we can travel to present to them in person.

  • Monday, October 8th – New York

  • Tuesday, October 9th – New York

  • Wednesday, October 10th – Montreal

  • Thursday, October 11th – Toronto

  • Friday, October 12th - Vancouver

  • Thursday, October 18th – Japan

  • Friday, October 19th - Japan

Business Development & Fundraising Team Update September 28, 2018
 
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THIS WEEK’S UPDATE

  • This was the first week of Series B. We had a bunch of meetings and are already seeing the interest in the new round.

  • We are happy to share that our syndicate includes: Paradigm, PI, Echelon, and IA.

  • Presented to syndicate partners, a large alcohol company, and LP.

  • Set up a roadshow for the next two weeks

LOOKING FORWARD

  • Most of the team’s time will be dedicated to Series B fundraising.

  • Dooma, Oscar, and Elad will be meeting investors on the roadshow (full schedule below)

  • Chose an IR firm to support Province’s communications once public.

  • Set meetings with investors while we are on our road show.

  • Continue looking for new team members

THINGS WE NEED HELP WITH

  • During the next two weeks, we will be in the following cities. We are happy to meet with you or any new investors you’d like to introduce to us.

  • Monday, October 1st – London

  • Tuesday, October 2nd – London

  • Wednesday, October 3rd – London + Geneva

  • Thursday, October 4th – Toronto + Geneva

  • Friday, October 5th – Toronto

  • Monday, October 8th – New York

  • Tuesday, October 9th – New York

  • Wednesday, October 10th – Montreal

  • Thursday, October 11th – Toronto

  • Friday, October 12th - Vancouver

Business Development & Fundraising Team Update September 21, 2018
 
Elad Barak representing at the Extraordinary Future conference in Vancouver

Elad Barak representing at the Extraordinary Future conference in Vancouver

 

THIS WEEK’S UPDATE

  • Participated and presented at Arcview Chicago and Extraordinery Future Vancouver

  • Completed the new business plan for the going public round.

  • Completed preparing for the next round and will start next week.

  • Set a few meetings with potential strategic investors.

LOOKING FORWARD

  • Meeting with Paradigm to start the raise.

  • Invite the banks to join the raise and finalize the syndicate.

  • Officially start Series B raise.

  • Follow up with investors we met at the last few events

  • Continue looking for new team members

THINGS WE NEED HELP WITH

  • We are looking for strategic investors to join the round. We are looking for introductions to decision makers in the large LPs

Business Development & Fundraising Team Update September 14, 2018
 
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THIS WEEK’S UPDATE

  • Presented in the Cannabis Private Investment Summit in New York, and started receiving interest in Series B.

  • Completed preparing for the events happening on the week of September 18 - 21.

  • Continue working on a new business plan for the going public round. We have a preliminary version and will have the final version soon.

  • Spoke with two potential IR companies to support Province after going public.

LOOKING FORWARD

  • Continuing our roadshow in Chicago, and Vancouver for the next two weeks

  • Working on the last steps preparing for Series B

  • Last touches to the business plan

  • Complete all documentation for Series B

  • Finalize our syndicate together with Paradigm

THINGS WE NEED HELP WITH

  • Here is our road show for the next week:

    • Vancouver – Wednesday, Sep 19 – Saturday, Sep 22

  • If you have any recommendation of potential investors we should meet, please make an introduction.

Business Development & Fundraising Team Update September 7, 2018
 
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THIS WEEK’S UPDATE

  • Completed Series A2 with $560,000 invested.

  • Completed our new financial model

  • Continued working on a new business plan for the going public round. We have preliminary version and will have the final version soon.

  • Met with the full Paradigm team to present Series B.

  • Spoke with two potential IR companies to support Province after going public.

  • Met with Hybrid Financial, which will support our efforts on the next.

LOOKING FORWARD

  • Starting our roadshow in New York, Chicago, and Vancouver for the next two weeks.

  • Working on the last steps preparing for Series B.

  • Last touches to the business plan

  • Participate in CPIS New York

  • Meeting with potential investors in Series B

THINGS WE NEED HELP WITH

  • Here is our road show for the next couple of weeks:

    • New York – Thursday, Sep 13 – Saturday, Sep 15

    • Chicago – Sunday, Sep 16 – Tuesday, Sep 18

    • Vancouver – Wednesday, Sep 19 – Saturday, Sep 22

  • If you have any recommendation of potential investors we should meet, please make an introduction.

Business Development & Fundraising Team Update August 31, 2018
 
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THIS WEEK’S UPDATE

  • Started discussions about our financial model and valuation.
  • Last touches to the financial model.
  • Continue working on a new business plan for the going public round.
  • Set kick-off meeting with Paradigm to start Series B.
  • Scheduled meetings with two IR firms to support Province after we go public.

LOOKING FORWARD

  • Focusing our effort on getting the business plan done.
  • Determine together with Paradigm our valuation for next round.
  • Aiming to close Series A2 as our last raise before Series B.
  • Conduct kick-off meeting with Paradigm for Series B, and conduct syndicate call.
  • Kick-off meeting with Hybrid Financial, which will support our efforts on the next raise.

THINGS WE NEED HELP WITH

  • As we are getting ready for our Series B, that will be concurrent to going public, it would be great to be introduced to potential investors to join the team.