Austrade
Compass Cannabis operates one of the longest-running networks of holistic medicinal cannabis clinics in Canada. The company is zooming in on Australia’s burgeoning medicinal cannabis market.
Founder of Compass Cannabis, Dave Martyn, predicts an ‘explosive’ period of growth in the Australian medicinal cannabis sector over the next 7–8 years. He pinpoints why Australia is one of the best international markets outside of North America for Compass’s expansion:
Positive regulatory environment, including eased conditions for over-the counter sales of medicinal cannabis products.
Strong patient growth – up from 30,000 active patients in 2020 to 45,000 in early 2021.
Gateway to the Asia-Pacific region.
The company has launched two Compass Lifestyle Clinics in Sydney and the Blue Mountains as part of its A$2 million investment in Australia. Further expansion is in the pipeline. Employee headcount is now over 20 and primed to grow.
January 26, 2021 @ 11:53 am By JD Alois
Birchal, the leading investment crowdfunding platform in Australia, has published a report on the entire sector of online capital formation as well as platform performance. The report tracks progress in the Australian “crowd-sourced funding” (CSF) industry (investment crowdfunding) via data aggregated by Birchal. The information is said to be current as of December 31, 2020.
According to Birchal, since the beginning of Australia’s CSF industry in 2018, 118 Australian SMEs have collectively raised over $75 million by issuing securities to investors.
Overall, there are now over 55,000 investors who have participated in securities offerings hosted by platforms. In 2020, 49 successful securities offerings were completed – approximately the same as the previous year but, of course, 2020 was the year COVID-19 hit the world. A total of approximately $30 million raised – slightly down from 2019’s total of $31 million.