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SOME THINGS ONLY COME AROUND ONCE EVERY 75 YEARS

 

and HALLEY Venture Partners looks to invest early in these truly life-changing trends. HALLEY is focused on building elite companies in the legal cannabis, hemp and traditional agriculture spaces. Now spanning 80 years of prohibition, nation-wide legal cannabis is overdue as a safe and effective medicine and adult product since it was outlawed in 1937. However, with major ballot wins in November 2016, nearly 96% of the population has at least some option for access. We believe that the momentum is undeniable and work to partner with companies that are best positioned to capitalize on a legal industry that should grow to over $100 billion once all states allow full adult use.

About Halley

 

HALLEY brings together a diverse group of financial professionals, engineers, scientists, lawyers, media guru's, cultivators, sales specialists, software experts, and many others. We look to find the next crop of super companies and their visionary founders. We aim to nurture them when needed and stand aside when they are flourishing. 

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The Team

 

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Steve Schuman

Founder and Managing Director of Halley Venture Partners, L.P.

Steven J. Schuman is the Managing Director of HALLEY Venture Partners, L.P., a venture investment firm he founded in 2017 that focuses on building the best cannabis, hemp, and traditional agriculture companies.  Mr. Schuman has 15 years of public and private equity investment experience in agriculture, and spent an additional 5 years in agriculture-related manufacturing.  From 2010-2016, Mr. Schuman was a Senior Analyst and Portfolio Manager for Passport Capital, LLC, a multi-billion dollar investment management firm headquartered in San Francisco.  Prior to Passport, Mr. Schuman was a Senior Sell-Side Equity Analyst at Prudential Equity Group covering the agriculture and chemical industries. Mr. Schuman started his career in manufacturing at Cargill and Dow AgroSciences. He has worked for Fortune 100 corporations as well as multiple start-up companies. 

Mr. Schuman received a B.S. in Chemical Engineering from The Ohio State University and an MBA from The Haas School of Business at the University of California at Berkeley, where he was a Mayfield Venture Capital Fellow.


 

Shift Cannabis

Strategic Partner

The cannabis industry is large, diverse, and little of the history and practices are available to help portfolio companies make highly-informed business decisions.  HALLEY believes that its portfolio companies would benefit from industry partners with significant operational experience in the cannabis industry.  HALLEY chose Shift Cannabis Co. after an extensive half-year search and interviews with six of the top cannabis-consulting firms in the country.  HALLEY believes that Shift gives it a significant advantage in advising potential portfolio companies.  Shift has proven itself as a sophisticated market leader by growing to over 40 employees, and has helped its clients win 8 licenses in 6 states, with consulting clients in 10 additional states as well as Germany and Canada.  Shift, with its principals and affiliates, has also designed, built, and currently operates its own cultivation, extraction/refining, and dispensary assets in Colorado and New Mexico.

From seed to sale Shift provides dynamic business services to boutique cannabis cultivators and retailers, where boutique is defined as a compassionate culture committed to delivering authentic, world-class experiences.  Formed in Boulder, Colorado in 2010 by a vetted field of cannabis industry professionals, Shift today is renowned as the choice purveyor of connoisseur quality flowers and extracts, exclusive genetics, environmental-friendly production practices, and the aficionado retail experience. Shift actively manages the Shift Cannabis™, Shift Refinery™, Shift New Mexico™ and Dalwhinnie Farms™ brands.

 

Travis Howard

Chief Executive Officer and Founder of Shift

 Mr. Howard splits his time between corporate management practices and the legal areas of dynamic entrepreneurial industries. He holds a J.D. from the University of Colorado School of Law and a B.S. in Business Administration from Colorado State University. Mr. Howard’s broad business background encompasses specialties in computer information systems, project operations control, and public speaking platforms.  In addition, Mr. Howard’s diverse portfolio of professional experiences includes System Administrator roles, Office Director positions, CEO titles, and membership on boards of directors. Mr. Howard’s understanding of emerging and disruptive technologies, managerial applications, and the legal structures supporting both creates a fertile environment for creating business value through transformation.  He enjoys applying his knowledge to start-up companies looking to embrace both the future and the persistent market changes that arise along the way.  Mr. Howard is a member of both the State of Colorado and local Boulder Bar Associations, and is involved with leading cannabis industry groups such as the National Cannabis Industry Association.  He has been asked to speak as a cannabis expert for NCIA, MJBizDaily, Worth Magazine, and the Harvard Innovation Lab in California, Colorado, Illinois, Massachusetts, and Nevada. He currently sits on Boulder’s Inaugural Marijuana Advisory Panel where he works with community stakeholders and City of Boulder legal and management staff to craft responsible legislation that works for both the business and community interests.  Additionally, he holds the responsibility of being a member of both director and advisory boards for Auntie Dolores, CannaKorp, Grownetics, PotGuide.com, and Sporitas.  He has been actively managing license-holding cannabis ventures since 2010. Mr. Howard brings nearly fifteen years of executive leadership, technical expertise, and legal practice to Shift Cannabis Co.

 

Aaron Taffet

Chief Financial Officer of Shift

As CFO of Shift, Mr. Taffet works with Shift's internal leadership team and partners across the US to help set business and financial strategy and form executable operations plans for cultivation, extraction, and retail ventures. He is also responsible for due diligence and investment analysis of licensed and ancillary cannabis businesses, having overseen capital deployment to Front Range Biosciences, Wurk, Flowhub and more.  Mr. Taffet has worked with over ten operating cannabis companies as a financial client advisor, including market analysis and modeling in multiple states. He has been asked to participate as an industry expert at the State of Marijuana 2017 conference in Los Angeles, California where he will be speaking on Top Tips to Attract Investment to Your Cannabis Business: Risks and Rewards. Mr. Taffet has over 8 years experience in finance, strategy, and investing. He has extensive experience in private equity performing investment analysis, due diligence, and deal execution as well as serving as a board member to portfolio companies.  In addition, Mr. Taffet’s background includes wide-ranging experience in M&A and capital markets advisory across several continents, with previous positions at Deutsche Bank in both the US and Latin America. Additionally, from 2008 to 2012 he worked on and investigated deals in Australia, Canada, Japan, and Russia. Mr. Taffet’s experiences have made him an expert at connecting financial and business strategy in the cannabis sector.

Mr. Taffet received a BA in Mathematical Economic Analysis from Rice University.

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