7Pass

7Pass will provide an investment vehicle spanning a spectrum of emerging investment opportunities in the cannabis sector. Against a backdrop of legislative dissonance, momentum investing, nascent financial infrastructure and companies with little or no operating history, 7Pass offers the opportunity to invest in a team with deep domain expertise and a proven ability to identify and build cannabis market leaders.

High volatility, imperfect information, latent demand and market inefficiencies characterize the current investment landscape for cannabis-related enterprises. Market volatility creates risks but has also historically provided opportunities for dispassionate, objective, professional investors to achieve above market returns. While we believe the volatility in the cannabis industry will eventually dissipate resulting in more moderate, stable returns to the investment community, we believe a near-term opportunity exists to assemble a portfolio of complementary investments through the application of sound financial discipline, diversification and risk/reward analysis.

7Pass will provide an investment vehicle spanning a spectrum of emerging investment opportunities in the cannabis sector. Against a backdrop of legislative dissonance, momentum investing, nascent financial infrastructure and companies with little or no operating history, 7Pass offers the opportunity to invest in a team with deep domain expertise and a proven ability to identify and build cannabis market leaders.

The cannabis ecosystem is emerging from the shadows due to a combination of surging consumer demand, the promise of incremental tax revenues and moderating social perceptions. However, this transition will not be easy or smooth. The dynamic transformation of the industry will leave a playing field littered with winners and losers. The enterprises that fail to adapt will suffer, but we believe those, which embrace this transformation, have the potential to realize attractive returns for investors. 7Pass’ intent is to selectively invest in a range of cannabis related companies specifically optimized both to provide an attractive mix of risk/return profiles and to mitigate downside risk and exposure.

7Pass also plans to capitalize on the continuous introduction of emerging technologies in the space. Specifically, as the cannabis market matures, technology, data and digital solutions will provide the critical infrastructure necessary for the sustainable growth and success of future market leaders. Development has historically fallen into two broad categories: (i) business-to-business Software as a Service (“SAAS”) and (ii) digital: consumer and business-facing web-based applications.

Today a handful of digital solutions specifically designed to meet the growing needs of cultivators, processors, distributors, retailers and consumers provide rudimentary industry technology infrastructure. While these point solutions are experiencing mixed adoption, web-based offerings built by experienced digital executives and following best practices of non-cannabis digital market leaders are growing. It is the intention of the 7Pass Team to identify and partner with these emerging digital cannabis entrepreneurs to provide much needed digital and other infrastructure to the industry.