![]() Reflecting another principal attack in the campaign so far, Menendez criticized Hugin over his time as Celgene's top executive, saying the company raised a cancer drug's prices three times on his watch. Responding, Menendez cut off Hugin who tried to interject. Hugin said he "absolutely" stood by it, saying it's "a job interview. My point would be, don't replace the traditional methods with this but add to the traditional to seek out new relationships.One of the sharper exchanges came when Hugin was asked if he stood by a recent TV ad that raised old unsubstantiated claims that Menendez patronized underage prostitutes as part of his friendship with the co-defendant in the 2017 trial. I've met company founders and booked meetings with them because we attend the same CrossFit gym. I have run, biked and swam with prospects that turned into clients and influencers in my network. Like minded people will come to you” James Clear. Quote I am pondering: “The most effective networking strategy I’ve found has nothing to do with conferences, cocktail hours, cold emails, or any of the common ideas you hear. 1) Do interesting things. 2) Share them publicly. Something new: Thanks to Catherine Vanderzwan’s recommendation I’ve moved from physical business cards to digital. She recommended the app Blinq. Download the app and enter your contact information and it will create a QR code with your company’s logo and your name. It sits right on your home screen for easy access and individuals just scan the QR code and all the info is available for them to just click "create new contact".ĥ. Deal just closed: MBO for remaining 75% ownership in the company. I partnered with Catherine Vanderzwan to complete the $3.8M buyout. The structure was $2.3M mezz financing over 6 years and $1.5M financing against the building over 25 years. Weighted average cost of capital was 9.45%. We afforded the company an 8-month interest only period to adjust to the new debt on the balance sheet. The takeaway here is $3.8M of new debt at single digit pricing with flexibility. If the thesis proves out in our due diligence the debt load will be reduced by over $1M in six years and we expect enterprise value creation as a multiple of EBITDA based on industry tail winds.Ĥ. Thank you Harry for the high quality content you put out.ģ. Orlando talks about leadership and the importance of mentors early on in your career. Another great episode. What I listened to: The Twenty Minute VC with Harry Stebbings. This episode was an interview with Orlando Bravo co-founder of one of the most successful PE firms in the world, Thoma Bravo. They were one of early investors to understand and invest in SaaS businesses and was interesting to hear their view on a company's future cash flows. Martin Aass Matthew Carr, CIP Karl Quinn Ray Rashed Linda Newman Fraser Sutherland Donna Baker Andrew Penny Bruce RaganoldĢ. I learned a lot through some great conversations. Thanks for hosting James. Person to thank: I want to thank James Baker for organizing an informal service provider networking event a week ago at the Keynote Search office. It was great to be in a room of Ottawa’s top service providers exchanging business ideas and talking about our respective businesses. #cannabis #food #canada #indoorfarmingįive Flavour Friday – A weekly list of 5 things I have interest in!ġ. Smith Falls, you next employer will be a food producer. The indoor growing industry is becoming more and more efficient, with less water, using less power, while holding the promise, long term in mass, for Carbon Capture. it's very unlikely that food production, especially locally grown produce will ever see over supply. 70% of all produce is still imported into Canada, mainly from the US. Where Canada has a ready problem looking for a solution is in Food Production. Ottawa alone features 100 plus Cannabis retail stores, while only having 36 LCBO outlets. Instead we now have a supply of Cannabis that is currently running 38% over demand. The reality in Canada is since the legalization of recreational Cannabis, it has set off a mini gold rush by producers and retailers all wanting a piece of the pie. First Chocolate and now Cannabis is making its' indelible mark on the working population of this Eastern Ontario town. Today, again comes the news of yet another blow to the small town of Smith Falls, Ontario.
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