Steadfast Dedication

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

Leveraging our industry expertise and invaluable network, we offer tailored solutions and comprehensive financial advisory services to help our clients achieve their strategic and transactional goals.

Support, every step of the way.

We take the time to understand our clients’ needs, and offer tailored solutions with first-class transaction execution. Selective in our engagements and focus, we leverage our industry expertise and extensive global network to assist our clients in realizing full value and achieving their strategic goals.

  • Mergers & acquisitions, including buy-side and sell-side

  • Asset acquisition and divestitures

  • Capital markets and go-public strategy

  • Special Committee assignments

  • Strategic partnerships, investments, and joint ventures

Our Team

Aaron Salz, CFA // Principal

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 // Director

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 Lederman // Analyst

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 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.

Eli Libman // Business Development Associate

Eli is a Business Development Associate at Stoic Advisory Inc. Prior to Stoic, Eli led cannabis sector research at ZX Ventures, the global venture capital and innovation group within AB InBev.

At ZXV, Eli’s research brought an understanding of the cannabis consumer, industry, supply chain, science and culture to AB InBev’s executive management, ultimately informing the company’s first investment in the cannabis sector. Eli’s primary focus was to discover meaningful insights around the consumer segments, occasions and needs addressable with various cannabis products.

Prior to ZX Ventures, Eli was a founding partner of MatchaBar, a Brooklyn-based matcha tea brand operating brick-and-mortar locations and distributing a ready-to-drink product nationwide.

Eli holds a Bachelors of Science in Economics and Marketing from NYU’s Stern School of Business.

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