Canadian entrepreneurs invited to apply with their "half-baked" cannabis business plans to receive capital, business development and mentorship
CALGARY, March 7, 2018 /CNW/ - CBi2 is calling for Canadian start-up companies developing products and services for the legal cannabis industry to apply for acceptance into its 16-week accelerator program, MacaVerde. Having launched in January 2018, the program has already received a number of promising applications, and additional applications from passionate entrepreneurs are encouraged. Prospective applicants are invited to apply for this program by March 31, 2018.
Applicants are encouraged to submit their "half-baked" ideas relating to the cannabis industry (medical and/or recreational). MacaVerde will provide capital, a 16-week business development and mentorship program, and critical knowledge of the industry to selected applicants in return for an equity interest in the applicant's business. CBi2's advisors and mentors will work closely with each selected company to enhance their business models, perfect their unique selling propositions and boost their marketing and fundraising activities.
"Canadian cannabis companies are already well-positioned to become global leaders and we want to help cultivate the business potential of Canada's entrepreneurs within this industry," says Sonny Mottahed, Chairman, President and Chief Executive Officer of CBi2. "We are dedicated to partnering with leading-edge entrepreneurs and encourage anyone with an innovative idea to apply."
All selected participants will be part of an exclusive "Demo-Day" where they will showcase their accomplishments of the 16-week program to accredited investors to drive additional investments. Making this program even more exciting, CBi2 is developing a cannabis investment focused television program showcasing this unique Demo-Day experience to drive global interest in Canada's cannabis market. The show is being created under the direction of renowned television producer Chad Oakes, and is currently being marketed to leading broadcasters and global content streaming services.
Interested applicants are invited to apply for MacaVerde by March 31, 2018. The application process and program details will be found at www.cbi2.com/MacaVerde. The inaugural 16-week boot camp will begin on April 20, 2018.
For more information, visit www.cbi2.com.
About CBi2 Capital Corp./Target Capital Inc.
Target Capital Inc., to be renamed CBi2 Capital Corp. is a Calgary, Alberta based company engaged in making strategic investments in private companies, including small start‐up operations and land development corporations. The Corporation's common shares are listed on the TSX Venture Exchange and the Canadian Securities Exchange under the trading symbol "TCI". Target is executing on a cannabis-focused investment strategy, where it intends to develop and manage a diversified portfolio of predominantly early stage cannabis investment opportunities. Target will explore and invest in a number of strategic investment opportunities in the medical and recreational cannabis industry and in businesses offering ancillary supportive products and services. Upon receipt of shareholder approval, Target will change its name to "CBi2 Capital Corp.".
SOURCE Target Capital Inc.
For further information: Media Inquiries: Shauna MacDonald, Brookline Public Relations, 403-538-5645 or 403-585-4570, [email protected]