CIM: What is your exit strategy (e.g. IPO, Acquisition)?
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VC: We understand how important it is to our overall business and our future investors for us to have an exit strategy through long-term planning. Because how young the industry is, there is very little exit data for us to compare in our assessment. There are several factors that affect our exit strategy and model. Among the previously stated is a legal marijuana market, specifically in the United States. Our ultimate goal is for Virtudes to have a long-term footprint that is globally recognized. Transforming a company through acquisition is sometimes the best option for the company to grow to its full potential. We are aware there are many interested prospects in Jamaica that are looking for growers, land and companies like ours with licenses and the right connections. Our overall interest is what is best for the company.
The majority of the capital will go towards building infrastructure on the farm and technology for processing, tracking, security, R&D etc. Lastly, we will be invested in our people and team members. Having the right crew to lead a company at our size is really important.
CIM: 30 second pitch. Why should investors invest in VC?
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VC: Virtudes Company is the first vertically integrated hemp company that manages production from seed to processing, allowing control over profitable margins. Agricultural activity taking place in Jamaica year-round allows for a reliable product with incredible branding potential that is a fraction of the cost to produce compared to our competitors around the world. Investing in the cannabis business through a company that has roots in Jamaica with an authority that is progressive creates for an ideal environment for unlimited opportunity with a new thriving industry goes through changes in regulation and economics.