September 19 – 20, Arcview hosted a cannabis business conference at the Eau Palm Beach Resort for high net-worth investors. An online marketing company called Spring Big won a $50,000 grand prize for having the best sales pitch and John Morgan was the keynote speaker. The business opportunity in Florida’s cannabis industry is expected to be significant and is attracting big money and innovative ideas. Have you explored opportunities in the Florida cannabis industry?
Arcview Forum Palm Beach brought in a crowd of over 100 high net-worth investors who gathered to observe 20 cannabis-related companies competing for investment at the Eau Palm Beach Resort over two days during the September 19-20 event. The Arcview Investor Network includes more than 600 accredited investor members who have put more than $152 million behind 162 cannabis-related companies. Nine of the companies competed “Shark Tank” style to a panel of judges and investor attendees with the hope of coming out on top and bear the title of most investible concept.
Judges agreed that springbig, a Boca Raton based company, was the best. springbig takes home the “Best Pitch” trophy and the $50,000 “Winner’s Fund” award as well (pending due diligence).
springbig is a customer engagement and marketing platform for cannabis dispensaries and brands. Their data-driven approach includes loyalty and rewards, personalized messaging and analytics. The team has extensive experience in the loyalty sector and launched their platform in January of this year.
We’ve been working hard to solve some of the marketing and sales challenges that these new cannabis firms are facing. It feels great to know that the true insiders that are placing capital in this space have validated that we are on the right track and are putting their faith in us to deliver the best loyalty marketing and communications solution for this burgeoning industry.
John Morgan, founder of renowned law firm Morgan & Morgan, delivered the rousing keynote speech. John was the main funder behind the medical cannabis ballot initiative in Florida and also recently announced plans to deploy $100 million into the sector. Should he decide to run for governor, he plans to push for full legalization of cannabis.
Cliff Whatmore of MAB Investments of Sarasota was awarded the Outstanding Investor Member award for his longstanding support of entrepreneurs and investors in The Arcview Group.
Arcview’s investor members and presenting companies hail from all over the world. The fact that our keynote speaker, winning company, and outstanding member award all hail from Florida is a testament to the huge opportunity for cannabis in Florida and the tremendous talent and capital from Florida that the cannabis industry is attracting.
Other featured guests at the event included Steve DeAngelo, executive director of Harborside Health Centers; Troy Dayton, Co-founder and CEO of The Arcview Group; Jeanne Sullivan, co-founder of StarVest Partners; Leslie Bocskor, Managing Partner at Electrum Partners and Patrick Rea; Managing Director of Canopy.
Event sponsors include: Tarukino, Cannasure Insurance Services, NeWay Capital, BDS Analytics, Canopy, MassRoots, New Frontier Data, Natural Order Supply, Sensi Valley, Marijuana Business Daily, MedMen, Electrum Partners, Province Brands, Natural Therapeutics of Florida, cGreen, Drug Policy Alliance, Marijuana Policy Project, and National Cannabis Industry Association.