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The Meb Faber Show - Better Investing

Taz Turner and Nate Nienhuis - We're Really Driving At What We Feel Is The Holy Grail Of Cannabis | #139

The Meb Faber Show - Better Investing

The Idea Farm

Investing, Management, Business

4.8978 Ratings

🗓️ 23 January 2019

⏱️ 60 minutes

🧾️ Download transcript

Summary

In episode 139, we welcome Taz Turner, CEO, and Nate Nienhuis, COO, of CordovaCann in the 4th installment of our cannabis series. The episode begins with the backstory behind CordovaCann, and the mission to produce superior plants and consistent and predictable products. Meb asks the pair to get into their backgrounds. Nate starts by describing his deep industry background from consulting with operators, to working on the regulatory side in Washington D.C. Taz then talks about his career in finance, and what led him into investing in the cannabis industry first in Canada, then in the U.S. He goes on to discuss his conversations with Nate and others in the industry leading to the launch of Cordova. Meb then asks about the Cordova roadmap with the company ultimately growing into a cannabis operation. Taz had the idea of targeting the more established markets in the western United States and overlaying their technology platform to add value to the operators. Nate then gets into the details of the importance of consistent formulation, and how their platform is delivering technology that isn’t being utilized by the rest of the industry. The conversation then shifts to the regulatory environment, and Taz notes the ball seems to be moving forward. Nate adds that he thinks the regulations will continue to get more specific. Next, Meb asks about acquiring assets. Taz talks about the parallels he sees to the late 1990s internet craze. He discusses the goal of taking already strong operators and overlaying the technology that Cordova has, while Nate talks about the importance of culture. Taz follows up with some specific examples of how the acquisitions have worked on a state-by-state basis. Meb asks what the future looks like. Nate talks about the growth of the industry and how various operators and even large-scale manufacturing operations may get into the space, as well as significant advancement in science, and continued refinement of the cannabis product line. All this and more in episode 139 including the long-term vision for Cordova, and Taz and Nate’s most memorable investments. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Mebb Fabor Show, where the focus is on helping you grow and preserve your wealth.

0:12.7

Join us as we discuss the craft of investing

0:15.6

and uncover new and profitable ideas,

0:18.4

all to help you grow wealthier and wiser.

0:20.8

Better investing starts here.

0:23.0

Mepp Faber is the co-founder and chief investment officer at Cambria Investment Management.

0:31.0

Due to industry regulations, he will not discuss any of Cambria's funds on this

0:35.5

podcast.

0:36.8

All opinions expressed by podcast participants are solely their own opinions and do not

0:41.0

reflect the opinion of Cambria Investment Management or its

0:43.6

affiliates. For more information visit cambria Investments.com.

0:49.4

Welcome podcast listeners it is a rainy Tuesday January the 15th of 2019

0:56.7

we have a great show for you today with the fourth installment in our cannabis series

1:01.3

We got two guests today, International,

1:04.4

calling from Ontario, Canada, as well as North Carolina.

1:08.8

And we're here local in LA.

1:10.8

They serve as the chairman and CEO and CEO of Cordova Can.

1:15.7

Taz Turner has extensive experience in the asset management industry.

1:20.4

He's worked in hedge funds, venture capital, founded the fund, South Shore Capital Partners, almost a decade ago.

1:27.0

Investing in public and private companies in cannabis for years.

1:31.8

Nate has served a consultant to various public private companies since 1996 and his vast experience

1:37.2

consulting to both in all aspects of cannabis operations.

...

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