The Fortress Investment Group was founded in 1998 by three visionary individuals. One of the founders, Wes Edens, is optimistic about their plan of opening a private equity firm, and he claimed that there is a better chance of succeeding if a business is in the financial industry. He contributed a lot to the company’s success, and he even helped it debut at the New York Stock Exchange. His skills in managing a financial business were developed when he was still with the Lehman Brothers from 1987 to 1993. He used what he learned at the Oregon State University to succeed, and it helped him climb the ladder of success, especially with the businesses where he joined.
Aside from managing the Fortress Investment Group, Wes Edens is also known as the owner of several gaming teams, both in the physical sporting field and the e-sports field. He owns the Milwaukee Bucks, playing for the NBA, and FlyQuest, which plays for League of Legends. He stated that owning sports franchises is one of his dreams, and now that he can buy entire teams, he would be focusing on helping the teams he acquired and supplying them with everything that they need. Recently, Wes Edens has also acquired the Aston Villa football team, which is a well-known football team. He said that more sporting teams would be under his ownership, and he will help elevate the quality of gaming for all of the players under his control.
Wes Edens have also invested in the transportation industry. He has a rail line called the Brightline Train, and he still has the energy and passion for managing the company and helping it become a successful transport option. The co-founder of the Fortress Investment Group has become one of the most successful entrepreneurs in the United States. He said that the success he currently experiences is the result of this hard work and determination, and he also advised other business people to follow suit and focus on their dreams. He currently sits at an executive position at the Fortress Investment Group after the Softbank Group acquired it.
Start of Something Huge
According to Matt Badiali as recorded on his Twitter feed there is still excellent growth in the marijuana industry, which surpassed $6B in the previous year of 2017. Matt Badiali still expects the marijuana sector to continue to show healthy to overly large gains. Matt Badiali doesn’t seem to be the only Wall Street expert to draw these conclusions when seeing the huge profits the marijuana industry has shown in recent years. The well-known Miami-based trader, Jason Spatafora even had to conclude by saying there is an analogy between the Marijuana industry in Canada and the “Silicon Valley is to the U.S.” At present American investors are barred from investing in Canadian stocks. Furthermore, the marijuana industry is also infected with frauds or failures who are negatively disrupting a healthy market.
Among the leading industrialized nations known as the G7, Canad will be the first to legalize marijuana this coming year. For Canada, the excitement around this decision has drawn a tremendous push of interest among investors. The stock market showed in the last boom that Canada has numerous companies that have devoted enormous efforts at making cannabis profitable. There are companies like Newstrike, which were a gold mining business that got the idea to ditch gold and turn to marijuana. Noted bands like The Tragically Hip, became investors in Newstrike’s decision to go the route of marijuana, which gave Newstrike new power.
AS an alternative to purchasing stocks in Canadian companies many investors are turning to American ETF’s to do their investing. There are two companies which show promise and are heavily invested in Canadian Cannabis companies: ETFMG Alternative Harvest ETF (NYSE: MJ) and AdvisorShares Vice ETF (Nasdaq: ACT). There are imminent hazards that the Cannabis industry could face in Canada. For example, if Cannabis is legalized more massive get involved, which would raise the competition for smaller growers and shrink the market to the more significant players. According to Matt Badiali, the marijuana sector will only grow in the future and after its legalization will draw great benefits to those expose themselves to its present investor benefits despite the fact that growers are considerd to be in a niche market.