The CEO of True Leaf Medicine International is in New York this morning to pitch the company at a major investors conference.
Darcy Bomford says other cannabis companies will be there among some150 businesses trying sell themselves as potential investments
He’s confident True Leaf can distinguish itself as a hemp-based supplements supplier in the U-S while focusing on medicinal cannabis for people in Canada.
“You know we say that we’re doing everything by the book and we’re completely federally legal in the U-s because we’re not selling any THC or CBD for pets at the present time.In Canada, Obviously It’s the same thing because we fall under Health Canada for medicinal cannabis.”
Bomford notes that cannabis is still federally illegal in the U-S, but as a hemp-based company in the states it is federally legal and can be attractive to investors.
“A lot of them are unable to invest in companies because their brokerage accounts or the firms that they invest with will not invest in cannabis companies that are operating in a federally illegal environment, whereas True Leaf is federally legal in the U-S and it’s federally legal in Canada.”
True Leaf is the first company to sell a global hemp-based brand for pets.
The market for that is strong in the United States.
“We do expect CBD in the U-S to move off the schedule one list and become more of a natural supplement product and the same is happening in Canada too. You know once the new rules come out this summer we expect to see the industrial hemp regulations provide a clear path for CBD as well.”
Bomford says he expects to be looking for more financing later this year.