This morning, Cannex Capital Holdings Inc. (CSE:CNNX) (OTC:ARRXF) announced the appointment of former Goldman Sachs (NYSE:GS) Managing Director Ian Smith to the company's Capital Markets Advisory Board. Smith joins other former Goldman Sachs employees in the cannabis industry like Hadley Ford, CEO and Director of iAnthus Capital Holdings, Inc. (CSE:IAN) (OTC:ITHUF) (FRA:2IA) and more.
Smith was based in Hong Kong for 17 years and first served as an Executive Director, and then as a Managing Director of Goldman Sachs Asia from 2006 to 2014. He brings high level international capital markets experience to the Company as it continues its North American and international expansion.
Ian has more than 25 years of experience in the global financial services industry focused on investment and risk management. His experience spans roles in fixed income, equity derivatives, prime brokerage, equity finance and proprietary trading across Asia, USA, UK and Canada. In his latest role, he was a Managing Director at Goldman Sachs Asia responsible for Pan-Asia Macro Trading managing delta-one derivatives, program trading and index arbitrage. Ian was a member of the deal team involved in several high-profile structured corporate deals. He served on the Asia Pacific Finance Committee tasked with allocating capital, balance sheet and resources, and was also involved in various industry organizations meeting with financial regulators around the region. Prior to Goldman Sachs, Ian was a fixed income trader for a US-based hedge fund responsible for non-dollar government arbitrage trading. He is a CFA charterholder and received his B.A. in Economics from the University of Western Ontario.
"Ian first became interested in the cannabis sector as a private investor. He has significant sector expertise with regards to the financing and trading of public cannabis companies" said Anthony Dutton, CEO of Cannex. "We are extremely pleased to have him as a member of our team and value his capital markets guidance on many fronts. We are excited to work with him and his global network as we continue to raise Cannex's profile, shareholder value and operational foundation."
Cannex, through its wholly-owned subsidiaries, provides a wide range of services including real estate, management, financial, branding and IP to licensed cannabis business operators domestically and internationally.
Cannex currently owns BrightLeaf Development LLC which holds real estate assets, property leases, brands and intellectual property, and material supply agreements with Superior Gardens LLC, d/b/a "Northwest Cannabis Solutions", Washington State's and the Pacific Northwest's largest full-line cannabis producer/processor, as well as 7Point Holdings LLC, another Washington State licensed cannabis producer/processor.
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