As the Chief Commercial Officer, Adam Coates is responsible for overseeing marketing, sales, commercial strategy and business development for Westleaf and its retail banner, Prairie Records. In episode ten, we explore all things related to cannabis and its consumption, cultivation and manufacturing as well as what it takes to market a product with an implied stigma - in both medicinal and recreational sectors.
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Time Guide
00:28 - Introductions to Westleaf
00:41 - Cultivation, Extraction & Retail
01:15 - Lack of Quality Consistency
02:02 - Disrupting Categories
02:14 - Prairie Records
02:56 - CCO Responsibilities
03:34 - Career steps to Cannabis
04:17 - Experience
05:06 - Bringing acquisitions together
05:35 - Cross functional sales and marketing division.
05:53 - Product innovation & execution innovation
06:19 - How to create a unique consumer experience?
06:40 - Restrictive Marketing
07:50 - Cannabis Retail
08:19 - Creating something unique
09:10 - Successful Staffing
09:52 - Scale
10:02 - Vertically Integrated Strategy
10:30 - Missing from the space
10:45 - Value Proposition
11:34 - Record stores & strains
11:56 - TOP HITS; curated ‘playlists’
12:58 - Immersive Experiences
13:43 - Post Prohibition Strategy & Regulation
14:43 - Less Harm Done
15:00 - What regulation is doing
15:20 - We need to educate the consumer.
16:15 - Change in Tech
16:42 - The Second Wave
17: 10 - Edibles
17:55 - Onset
18:55 - Feeling Cannabinoids
19:21 - Loyalty and Branding
20:08 - Building social following organically
20:45 - Consumer point of connection
20:57 - Distinction between Med and Rec
22:43 - Production
23:21 - Quality and Consistency
23:50 - Implied Lifestyle
24:30 - Budtenders
25:31 - Changes in the space
26:09 - Canada = Industry Leader
26:43 - Source of innovation
27:35 - Hemp & CBD
28:35 - Doing things differently
29:27 - Having the right culture
30:18 - Conclusions
Social:
https://www.instagram.com/north_report/
https://www.linkedin.com/company/the-north-report
Links:
https://www.linkedin.com/in/adam-coates-b2715b17/?originalSubdomain=ca
https://www.westleaf.com/
https://www.westleaf.com/prairie-records/
If you'd like to be a guest on a future episode or want to hear more about a topic, email us at hello@northreport.ca