Publicly Listed Merchant Bank Providing Capital and Expertise to Early-Stage Cannabis Companies
CBi2 will provide capital investment to passionate entrepreneurs who think differently, move quickly, and are committed to leading the cannabis industry’s global evolution.
CBi2’s Cannabis Accelerator
CBi2 believes that, as owners of the companies we invest in, it is our responsibility to provide more than just capital
CBi2 is focused on early-stage investments characterized by exceptional management teams capable of creating significant scale in a business, with an eye to the following criteria.
Potential to build a company that is an attractive acquisition target or has the potential to realize a premium market valuation
Ability to quickly create scale in the business and profitably gain market share
Invest in businesses with reasonable and justifiable valuations
Clear visibility to near-term positive free cash flow
Top-tier management teams with proven track records and equity alignment
Large feasible market with strong operating margins
Ability to identify and understand and ultimately mitigate the risks inherent in the business
Competitive advantages with significant barriers to entry through technology, products, and/or methods
Chairman, President & CEO
Sonny brings significant senior leadership and financial expertise to the CBi2 team. Sonny is currently the CEO & Managing Partner of Black Spruce Merchant Capital (“Black Spruce”), a boutique corporate finance advisory firm, and the Chairman & CEO of 51st Parallel Life Sciences (“51st”), a late-stage ACMPR applicant company both based in Calgary, Alberta.
Sonny has helped raise over $4 billion dollars of capital for 50+ companies and prior to Black Spruce was Managing Director, Investment Banking & Head of International Oil & Gas with Raymond James in Calgary.
David has held lead roles in executing over 100 investment banking assignments with an aggregate value in excess of $5 billion in his 10+ years in the investment banking business. David has experience evaluating, structuring, financing, and advising a number of early-stage and start-up companies in the oil and gas sector.
David is currently a Managing Partner of Black Spruce and CFO of 51st and previously held the position of Vice President, Investment Banking at Raymond James and Canaccord Genuity.
Executive Vice President and Director
Bill has a wealth of private equity experience, having deployed capital in over 60 private start-ups since 2001 for a Toronto family office. This undertaking has delivered a unique perspective on the prerequisites required to deliver superior returns from a portfolio of early stage companies.
Bill currently serves on the Board of Grunewahl Organics an Alberta-based pre-license applicant and is a Director of Inner Spirit Holdings, the only cannabis-related company to become a member of the Canadian Franchise Association.
Jason is the co-founder, President and COO of 51st and is responsible for guiding it through the process of applying to Health Canada for a license to produce/distribute. Jason is also a member of the Alberta-based task force dedicated to providing stakeholder input to the provincial government on the legalization of cannabis.
Jason was previously a tax lawyer with a leading, international law firm, providing advice to private equity, venture capital and start-ups on corporate/commercial transactional and governance matters.
Chad Oakes is a producer and writer, known best for “Hell on Wheels”, “Fargo”, and “Broken Trail”. Chad is currently the Co-Chairman of Nomadic Pictures Corp, a Calgary based production company developing, financing and producing features, movies-of-the-week, mini-series and TV series. Founded in 1995, Nomadic Pictures has produced over 80 projects, worth a combined $850 million in production, and remains one of the most active production companies in Canada. The production company has produced works that have garnered 58 Emmy nominations and countless other awards including audience favourite at the 1997 Sundance Film Festival for “Hugo Pool”.
Greg Turnbull, QC is partner at McCarthy Tétrault, in the firm’s Business Law Group in Calgary. Throughout his career, Greg has dealt with all aspects of a company’s creation, growth, change and value maximization. Gregg has extensive experience in corporate finance and securities transactions, including public and private share and debt financings, takeover bids, initial public offerings, business combinations and international stock exchange listings. Gregg provides advice on various corporate finance transactions and has been actively involved in the initial public offerings for more than 40 companies and has acted as a director or officer for more than 35 companies.
Matteo Volpi is a highly accomplished executive with 20+ years of leadership experience directing operations management, strategies, negotiations, supply chain optimization, business development, public / government relations, aligning overall strategy and business plans. As a resourceful problem solver, with skilled ability to optimize logistics, Matteo has strong team building skills coordinating cross-functional groups to accomplish objectives and meet critical deadlines in high-growth and diverse environments.
- CBi2 Capital Announces Strategic Alliance With MMJ PhytoTech April 23, 2018
- CBi2 Capital Announces Details of Rights Offering and Annual and Special Meeting of Shareholders April 10, 2018
- CBi2 Launches Industrial Lifestyle Properties REIT March 27, 2018
- Applications Still Open to Participate in MacaVerde – Cbi2’s Cannabis Focused Business Accelerator March 12, 2018
- Target Capital Inc. Launches “MacaVerde – Canada’s Premiere Cannabis Focused Business Accelerator” January 11, 2018
- Target Capital Inc. Announces Closing of Upsized Recapitalization Financing and Appointment of New Management Team December 19, 2017
- Target Capital Inc. Announces Recapitalization Financing and New Management Team and Board of Directors November 21, 2017