Stoic Advisory Inc. is an independent Toronto-based consulting firm focused on providing corporate finance advisory services to companies within the global Cannabis industry.
Stoic was founded by Aaron Salz in 2016 with the goal of guiding companies successfully through the Cannabis capital markets landscape.
We pride ourselves on working alongside our clients, and earning confidence through steadfast dedication to their strategic and transaction needs.
Aaron is the founder and CEO of Stoic Advisory Inc. Prior to founding Stoic, Aaron was an Investment Analyst at Interward Asset Management, a specialist investment firm based in Toronto. While there he played an active role in capital allocation, including investments in the Cannabis sector.
Prior to Interward, Aaron spent over four years at Dundee Capital Markets (now Eight Capital), starting as a Research Associate before moving on as an Analyst covering Medical & Recreational Cannabis companies. Aaron pioneered research coverage of the Medical Cannabis sector, becoming the first Analyst in Canada to cover all public Licensed Producers as well a US-based operator. He has been frequently quoted in the press, including the Financial Post, Bloomberg, Reuters, and Financial Times, and is a regular speaker at industry events.
Aaron holds a CFA designation and obtained his Honors Business Administration (HBA) degree from the Ivey School of Business at the University of Western Ontario, with a focus on finance.
Mason is a Director at Stoic Advisory Inc. Prior to joining Stoic, Mason was an Equity Research Analyst covering Medical & Recreational Cannabis companies at a boutique investment bank in Toronto. While there, he became established for his leading industry commentary and company research.
Before his Research Analyst role, Mason was an Investment Banking Analyst at the same boutique investment bank, having worked primarily on transactions in the Cannabis, life sciences, and metals and mining sectors. His transaction experience includes advisory and capital raising for a number of public and private Cannabis companies.
Mason has passed all three levels of the CFA Program and obtained his Bachelor of Commerce with a concentration in finance from the Sprott School of Business at Carleton University.
Michael is an Analyst at Stoic Advisory Inc. Prior to joining Stoic, Michael was an Aviation Finance Associate at ECN Capital Corp. (formerly Element Financial Corporation), a Toronto based equipment financier.
During his 3 year tenure with ECN Capital Corp., Michael originated, structured, underwrote and syndicated various secured financings for business jets, helicopters and turbofan jet engines. In addition, he played an essential role in several aviation asset backed securitizations, including the Element Commercial Aviation Fund. Prior to ECN Capital Corp., Michael was the Director of Finance at Paymobile Inc., a financial technology company providing mobile payment platform solutions.
Michael obtained is Bachelor of Arts, Economics, from the University of Michigan, with a concentration in game theory and strategies. Michael also serves as a Director for Leave A Trace, a non-profit travel company.