Liberal CFO, Ex-Tweed CEO makes $78 million

He may volunteer in his role as Chief Financial Officer with the Liberal Party of Canada, but Chuck Rifici is in line for a big pay off, along with early Inside Investors thanks to one of Justin Trudeau's key platforms. The Legalization of Marijuana in Canada.

Rifici, who has been a member of the Liberal National Board of Directors since 2011, is also the co-founder of Tweed Marijuana Inc., Canada's biggest full-scale producer of government-sanctioned pot producer, which is based in Smiths Falls, Ont.

"I'm simply a shareholder," said Rifici in an e-mail to the Sun.

In the midst of the 2015 Election Campaign, Rifici branched out with two New Ventures.

He was named Director of the only licensed medicinal marijuana grower in Alberta, and launched a new company that seeks to cash in on the legal marijuana trade in the U.S., where business is booming.

The sum of his work in the industry has critics suggesting his cozy relationship with the Liberal Party of Canada could constitute a conflict of interest, especially if any of his private business interests are rewarded with fat contracts once new marijuana legislation is passed.

Rifici brushed off concerns about his political connections.

"As for my volunteering as CFO (of) the Liberal Party of Canada, I have no role in policy making nor in policy decisions, no role in the transition, no future role in government and, as incorrectly previously reported, I am not an adviser to Justin Trudeau nor am I close to him," he said.

Rifici had come under fire a year ago while serving both as CFO of the party and CEO of Tweed, with a spokesman for former public safety minister Steven Blaney telling Postmedia that legalization "would benefit Mr. Trudeau's close millionaire friends that are marketing marijuana to Canadians."

Rifici stepped down as Tweed CEO, insisting at the time the move had nothing to do with political connections.

He is currently listed as the single largest shareholder with 7.8 Million shares 

7.8 Million Shares worth 78 Million today.   (CGC.to Trading at $10.04) 

http://www.ottawasun.com/2015/10/28/liberal-cfo-could-rake-in-marijuana-money-with-legalization

Canopy Growth Corporation CGC surges from $2 to $17

Canopy Growth -  has seen it's Stock price surge from $2 to almost $18 on the Toronto Stock Exchange since the 2015 Election in Canada. 

Canopy Growth Corporation (CGC.TO), formerly Tweed Marijuana Inc., is a medical marijuana company based out of Smiths Falls, Ontario. It is the first federally regulated, publicly traded cannabis producer in North America, traded on the Toronto Stock Exchange as CGC.

Canopy Growth Corporation is the first multi-licensed, geographically diverse marijuana producer in Canada. CGC is the parent company of licensed cannabis producers Tweed Inc., Tweed Farms Inc., and Bedrocan Canada Inc. with a combined approved growing platform of over 550,000 sq. ft. of production space.

June 2016, Canopy Growth Corporation receives conditional approval to list shares on the TSX, graduating from the TSX Venture Exchange.

August 2016, the government of Canada release new regulations governing cannabis production that re-instates a patient's right to personally produce their own cannabis.

Canada could grow into a global leader in marijuana investment on Trudeau win ...

Canada  — Friendlier laws on medical marijuana use in Canada are already drawing American investment north of the border, and the trend is likely to further ignite if the federal Liberals make good on their promise to allow recreational use of the drug.....  

Cannabis companies are looking for a market where their legitimate peers are trading and that happens to be Canada

“If you go to the OTC pink sheets in the U.S. there’s probably over 100 names, but a lot of those are pretty sketchy,” says Malik. “So (cannabis companies) are looking for a market where their legitimate peers are trading and that happens to be Canada.”

However, Braden Perry, a lawyer who specializes in government compliance, says even investing in Canadian cannabis firms could spell trouble for American funds.

“If you have U.S. money invested in a product that is illegal in the United States, repatriating that money could be considered a money laundering violation,” said Perry, a partner in Kansas City-based law firm Kennyhertz Perry, LLC.

However, Perry adds that the issue is a complicated one.

“I don’t want to be accusing people of breaking the law when I don’t know exactly what they’re doing.”

More from the Financial Post 

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