Stoic Advisory is an active advisor, investor, and participant in the global cannabis industry.

Stoic is a boutique corporate finance advisory firm focused on the global cannabis industry.

Selective in our engagements and focus, we offer tailored solutions with first-class transaction execution, helping our clients realize full value and achieve their strategic goals.

We are also active principal investors and venture capitalists across the cannabis value chain.

every step of the way.

Mergers and
acquisitions financial

Special Committee
and Board of Directors

Capital markets
and go-public strategy
and execution

Aaron Salz, CFA

Principal & Founder


Aaron is the founder 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 Brown, CFA



Mason is a Principal 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 holds a CFA designation and obtained his Bachelor of Commerce with a concentration in finance from the Sprott School of Business at Carleton University.

Michael Lederman



Michael is a Director 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 his 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.

Jarred Kubas



Jarred is an Analyst at Stoic Advisory Inc. Prior to joining Stoic, Jarred was a Management Consulting Associate at Grant Thornton. While there, he worked on multiple corporate strategy, operations and financial improvement engagements in industries including software services, real estate, manufacturing, forestry and agriculture.

Prior to Grant Thornton, Jarred worked within the cannabis industry and interned as an M&A Analyst for BNP Paribas in New York.

Jarred has passed the CFA Level I exam and graduated with honors from New York University’s Shanghai Campus, with a focus in Business, Marketing and Finance.

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