Koresummit Winds Up Cannabis October Reinforcing the Importance of the Ecosystem

Limited free spots are still available for audience; KoreConX´s online event brings pocket sessions throughout the last week to show how cannabis entrepreneurs can use Regulation A (RegA+) and Regulation CF (RegCF) to jumpstart businesses.

The cannabis sector has already been growing steadily for the past few years. According to Grand View Research Institute, market size was valued at USD 13.2 billion in 2021 and USD 16.7 billion in 2022, with a revenue forecast of USD 102.2 billion for 2030, which would represent a compound annual growth rate (CAGR) of 25.5% from 2022 to 2030.

“This sector can absolutely raise money as there is plenty of private capital available,” says Oscar Jofre, CEO and co-founder at KoreConX. “This vertical can help turn this market into a mature ecosystem with our KorePartners. We can even show how companies can accept credit cards for their offerings, providing options to complement wire transfer, ACH and crypto payments,” explains Oscar.

The event

Structured in pocket sessions distributed throughout the week, the event is framed as a journey from offering promotions and attracting investors, through to choosing the regulation best tailored to a company, trades in the secondary market and finally arriving at the word from experts in the business. The sessions will go live daily, from 2 PM to 3 PM ET, from Oct. 24 to 28.

Real Estate

In November, the KoreSummit will be back, with a different vertical: Real Estate. This ecosystem requires special attention, as it has many variables and possibilities. Tokenization, securities offerings and stablecoins are some of the innovations that have revolutionized the segment. More information on the agenda, KorePartners and speakers will be out soon.

About KoreConX

Founded in 2016, KoreConX provides the first secure online infrastructure for private companies to conveniently and compliantly manage every aspect of their capital market activities, from issuing securities to shareholder relations. Investors, broker-dealers, law firms, accountants and investor acquisition firms, all leverage our ecosystem solution. KoreConX also maintains a large online library of educational content to help companies navigate their capital-raising journey.

Cannabis Companies Can Raise Money Using Credit Cards with KoreConX Technology

Whether these companies are using RegA+, RegCF or RegD, they are now able to accept investments via credit cards from investors using KoreConX All-In-One Platform, without the abusive high fees normally charged from companies in this sector

 

KoreConX’s innovative approach to the cannabis ecosystem enables companies to raise money by accepting credit cards. It sounds like a simple solution, but it can actually revolutionize how the sector operates. Using the exemptions of Regulation A+, Regulation CF or Regulation D, companies can easily turn their customers and brand advocates into shareholders.

KoreConX has enabled credit card acceptance and escrow providers in their platform, ending the issue of high fees that were traditionally charged from this sector due to a perceived higher risk and lack of nationwide legalization, especially in the USA. Although legal for medicinal and adult recreational use in some states, there are still obstacles that cannabis companies face regarding their capital needs.

Nonetheless, President Joe Biden’s announcement that all federal convictions for simple marijuana possession were to be pardoned is a milestone in the continued growth of the cannabis sector. According to Grand View Research Institute, market size was valued at USD 13.2 billion in 2021 and USD 16.7 billion in 2022, with a revenue forecast of USD 102.2 billion for 2030, which would represent a compound annual growth rate (CAGR) of 25.5% from 2022 to 2030.

Secure platform

Companies in the cannabis sector had found it difficult to raise capital in the traditional capital markets, making the private capital market a more viable option. KoreConX All-In-One Platform uses its proprietary solution based on blockchain – the KoreChain – to make transactions and shareholder management safe for investors and entrepreneurs.

“Our Platform can be integrated with the company’s URL, making it user-friendly and reducing the risk of taking users to other websites,” explains Oscar Jofre, CEO and co-founder of KoreConX. The innovation for the cannabis ecosystem is the possibility to make customers into shareholders, by making investing easy. “Our partnership with SecureTranz allows the credit card use, as well as providing options to complement wire transfer, ACH and crypto payments,” explains Oscar.

KoreSummit

In a clear display of support for the sector, KoreConX is putting together a team of specialists in their next KoreSummit – Pocket Sessions | Empowering Growth. Covering topics from the preparations to the offering promotion, and choosing the best regulation, panels with sector experts will be available daily, from Oct. 24 to 28. Learn more on the event website.

About KoreConX

Founded in 2016, KoreConX provides the first secure online infrastructure for private companies to conveniently and compliantly manage every aspect of their capital market activities, from issuing securities to shareholder relations. Investors, broker-dealers, law firms, accountants and investor acquisition firms, all leverage our ecosystem solution. KoreConX also maintains a large online library of educational content to help companies navigate their capital-raising journey.

KoreConX and Cannabis Wiki educate entrepreneurs on how to raise capital

KoreConX focuses on helping cannabis entrepreneurs to use Regulation A (RegA+) and Regulation CF (RegCF) to jumpstart businesses, including by accepting credit cards. Cannabis Wiki is also part of this new endeavor

KoreConX and Cannabis Wiki are now working closely together to help the cannabis sector grow. Through RegA+ or RegCF, these companies can raise up to $75 million or $5 million respectively every 12 months. Cannabis Wiki and KoreConX will start a series of content products to help educate these entrepreneurs.

The cannabis sector has been growing steadily in the past few years. According to Grand View Research Institute, market size was valued at USD 13.2 billion in 2021 and USD 16.7 billion in 2022, with a revenue forecast of USD 102.2 billion for 2030, which would represent a compound annual growth rate (CAGR) of 25.5% from 2022 to 2030. 

Derrick Berney, CEO and co-founder of Cannabis Wiki, is excited to see this partnership grow: “No one does what KoreConX does. Their materials, blogs, podcasts, they are really changing the way startups raise capital and the cannabis sector needs it. With their expertise and our years of service to the sector, we are positive we can cause a great effect on the whole ecosystem, create new jobs, expand revenues, and keep everything compliantly done”. Cannabis Wiki has currently over 2 million pageviews/month.

A number of studies show that derivatives from cannabis have been successfully used to treat patients with chronic pain, chemotherapy-induced nausea, and several neurological diseases. As well, Canada and  more than two-thirds of the U.S.A. states have legalized its recreational use.

Oscar Jofre, CEO and co-founder of KoreConX, is thrilled to start this new partnership. “Cannabis companies need to raise money, and there is plenty of it, both from accredited and non-accredited investors. We can help educate these companies and they can reach their audiences, their brand advocates, and turn them into shareholders in an easy way”.

About KoreConX

Founded in 2016, KoreConX offers the first secure, All-In-One platform that manages private companies’ capital market activity and stakeholder communications. With an innovative approach to ensure compliance with securities regulations and corporate law, KoreConX offers a single environment to connect companies, capital markets and secondary markets. Investors, broker-dealers, law firms, accountants and investor acquisition firms, all leverage our ecosystem solution. For investor relations and fundraising, the platform enables private companies to share and manage corporate records and investments: it assists with portfolio management, capitalization table and shareholder management, virtual minute book, security registration, transfer agent services, and virtual deal rooms for raising capital. 

KoreConX Onboards Arcview Capital to Strengthen Cannabis Ecosystem

The arrival of Arcview Capital as a new KorePartner opens new possibilities for the promising cannabis sector. Companies raising capital or investors can now rely on technology, market leadership and security to operate in this area

KoreConX unveils a new partnership that connects the technology available inside the KoreConx All-In-One Platform with the broker-dealer expertise provided by Arcview Capital in the cannabis industry.

It is known that President Biden discussed marijuana matters at Labor Day meetings. Some reasons for that may be found among some interesting numbers: according to Cannabis Business Times, annual global cannabis sales will grow from $30 billion in 2021 to $57 billion in 2026, a compound annual growth rate (CAGR) of almost 13%. In the United States, cannabis sales will grow from $25 billion in 2021 to $42 billion in 2026, which will make up 75% of total global cannabis sales.

Oscar Jofre, CEO and co-founder of KoreConX, is excited to see the expanding possibilities: “It is time to take this discussion – and the companies around it – to another level. Whether we are debating medical or adult use, there is a market with great opportunities for investors, entrepreneurs and researchers,” says Oscar Jofre.

Brian MacDonald, Managing Director at Arcview Capital, is thrilled to be part of this new blockchain-based reliable ecosystem as a new KorePartner. “As broker-dealers, it is more than fundamental that we can partner with important players like KoreConX. We share the same beliefs, same market understanding, and we are happy to witness the creation of more jobs, more research, and the empowerment of startups, making our economy stronger and more solid.”

Cannabis companies can use the exemptions from the JOBS Act to raise money using either Regulation A (RegA+), which enables companies to raise up to $75 million every 12 months, or $5 million through Regulation CF (RegCF). This is a special opportunity for this sector, considering that non-accredited investors, such as brand advocates, can become shareholders and partners of companies they support.

About KoreConX

Founded in 2016, KoreConX offers the first secure, All-In-One platform that manages private companies’ capital market activity and stakeholder communications. Investors, broker-dealers, law firms, accountants and investor acquisition firms, all leverage our ecosystem solution. For investor relations and fundraising, the platform enables private companies to share and manage corporate records and investments: it assists with portfolio management, capitalization table and shareholder management, virtual minute book, security registration, transfer agent services, and virtual dealrooms for raising capital. 

About Arcview Capital

Arcview Capital is an independent broker-dealer focused primarily on the ever-evolving cannabis industry. The firm helps companies raise capital while simultaneously providing the opportunity for institutions and individuals to invest into private companies and funds. Arcview Capital is an integral part of The Arcview Group ecosystem. The Arcview Group is an ecosystem of financial and consulting services and has been a trusted global leader for over 12 years. For more information, visit www.arcviewcapital.com.

 

KoreConX Onboards Arcview Capital to Strengthen Cannabis Ecosystem