Prohibition Partners LIVE announces ProCapital, a partnership with MAZAKALI
Prohibition Partners LIVE, in partnership with MAZAKALI, a global digital investment firm, is delighted to announce the launch of ProCapital, an exclusive investment-focused two day interactive forum showcasing investment opportunities across the international plant-based medicines (PBM) space that includes cannabis and psychedelics.
On June 22-23, investors, operators, and entrepreneurs from all over the world will gather together on one digital platform to connect with the brightest and most innovative businesses operating in these rapidly developing markets. ProCapital offers operators the opportunity to attract capital and investors the ability to make real-time investments and obtain guidance from those at the cutting edge of the cannabis and psychedelics industries.
Weathering the storm
Inside the US cannabis industry, the coronavirus pandemic has seen many recently ‘illegal’ cannabis businesses suddenly be deemed ‘essential’. The cannabis industry has been highlighted as an industry that can help repair the economic impact of the pandemic as geographies begin to re-open. With the IMF and the UN predicting that a global recession is likely to follow in the wake of the pandemic, the potential for the cannabis industry to provide tax revenue along with job growth will appear increasingly attractive to those governments who have yet to establish their own legal cannabis markets.
While the coronavirus pandemic has driven great uncertainty in the global markets, the cannabis and psychedelics sectors are continuing to drive investment. Recently, the German biotech and psychedelics company ATAI, backed by Peter Thiel, successfully raised US$24 million from its investors, with the psychedelics firm MindMed raising US$24.2 million before moving to go public in early-March. Investors are continuing to support these private companies while volatility in the public equity markets has remained at elevated levels throughout this pandemic.
“It is a turbulent time for the industry. Severe limitations are being placed on travel, mobility and the natural operations of the cannabis supply chain. However, we continue to learn, educate and innovate in a bid to deliver real value to delegates from every corner of the globe. With uncertainty brewing across the market we are bringing together the global industry to help provide clarity. That is why we are delighted to be working with MAZAKALI, who have demonstrated clear market leadership in the US investment landscape.“ explained Stephen Murphy, Group Managing Director of Prohibition Partners after announcing the partnership.
“Against a backdrop of industry consolidation, physical distancing has also promoted exploratory travel across vast, virtual bridges of cooperation. ProCapital is born of the idea that synergistic partnerships accelerate efficiency gains, and that quality global education, networking and investment will fuel this classic emerging market through its next growth stage. Sustainable value based on core fundamentals has replaced temporary euphoria-driven pricing, a return of rationale welcome to investors exploring what might prove to be the best performing asset class in the decade ahead.” - said Sumit Mehta, Founder and CEO of MAZAKALI.
Pivotal timing for the US cannabis movement
ProCapital will showcase industry leaders from the US at what may prove to be a pivotal time for the US cannabis industry. The United States is already home to the world’s largest legal cannabis market, California, and yet the plant remains illegal at the federal level. As elections approach, polls indicate that over two-thirds of Americans would support cannabis legalization.
The two-day ProCapital stream will take place during Prohibition Partners LIVE, on 22-23 June, 2020. Powered by MAZAKALI’s Digital Capital Investment Platform, ProCapital will offer curated opportunities and broker/dealer supported investment flow within the plant-based medicine (PBM) space. Licensed Investment Advisors will provide investors with the education and tools needed to build and implement optimal investment portfolios across cannabis and psychedelics.
Attendees can expect to hear perspectives from leading investors, politicians and cultural leaders. Delegates will have the opportunity to ask questions, schedule meetings, and make direct investments into curated and broker/dealer approved private companies through the MAZAKALI Digital Capital Portal.
Apply to pitch at the summer’s most influential global cannabis and psychedelics event:
- CLICK: Set up an “Issuer Account” on the MAZAKALI Digital Capital Portal
- SELECT: Pitch @ Prohibition Partners LIVE application
- BEGIN: Submit application online by June 1st deadline
- RECEIVE: Your MAZAKALI Investment Committee decision within 5 business days
Headquartered in San Francisco, MAZAKALI offers its Digital Capital Investment Platform to the global plant-based medicine (PBM) complex. Registered Investment Advisors customize investment portfolios via MAZAKALI’s Outsourced Cannabis Investment Officer (OCIO) service, and licensed Investment Bankers help operators with capital and M&A services. MAZAKALI’s leadership team began putting PBM capital to work in 2014 and brings over 150 years of financial, strategic, legal, compliance and international business experience to clients across the global hemp, non-hemp cannabis and psychedelics industries. The MAZAKALI GreenPaper® has gained authority through knowledge on deep trends in the industry that matter to investors and operators alike. Securities are offered via a licensed Broker/Dealer.
Prohibition Partners LIVE connects you to the global cannabis industry from your own home. On June 22-23, we are bringing together delegates from every corner of the globe to help share knowledge, gain insight and shape the future of cannabis. Access all of our unique and engaging conferences this year across five virtual stages - Cannabis Europa, Cannabis Americana, Cannabis Oceania, PSYCH and ProCapital.