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Golden Triangle Ventures, Inc. Announces Advancement of its Technology Division under HyFrontier Technologies, Inc.

Mish Boyka

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Golden Triangle Ventures, Inc.  Announces Advancement of its Technology Division under HyFrontier Technologies, Inc.

LAS VEGAS, NV / ACCESSWIRE / April 6, 2021 / Golden Triangle Ventures, Inc. (OTC PINK: GTVH) is pleased to announce that HyFrontier Technologies, operating under the Company’s Technology Division, has developed a Single Core System and Dual Core System of its HyGrO hydrogen water technology to benefit its efficiency of operation and ease of use for customers.

This new Indoor / Small Farm Series will be the first design the Company will launch when it commercializes its technology. After months of prototype testing with 3rd party commercial entities and universities, management has successfully integrated key features into the technology to benefit the end-user. These key features include a manual on-off, as well as auto on-off, giving HyGrO the ability to turn on automatically once it senses water flow and turn off once it senses no water flow. This automation can be used to work with its manual on-off functions but can also override this through its smart computer board when certain conditions present. This board also allows the HyGrO system to automatically work efficiently with the different types of water found in different regions. These features, and more, will be included in the ‘instructions for use’ which are easy to follow and user-friendly. All you need to do is set and forget it, when applicable. In addition, the Company has structured and planned an in-depth tech support program that will provide on-demand customer service.

Looking to the future for HyGrO applications on larger commercial farms, HyFrontier Technologies is already in the process of developing the ability to remotely monitor, control, and track the system’s functions and operability through the Company’s internal web portal using electronics on-board the system. The Company will also have the ability to instantly shut off the system remotely if the unit moves away from its location, or if a customer leasing the unit files to pay the arranged leasing agreement which will be offered to large-scale farming operations.

To Learn More about the Single / Dual Core System, click here: The Product – HyFrontier Technologies Inc

Robert ‘Bo’ DuBose, CEO of HyFrontier Technologies, states “In addition to our exciting developments on our new unit, we have now reached an important milestone regarding the relocation of our operations from Colorado to Florida. This past week, 18-wheel box trailers were being loaded with an arrival date at our new Florida facility expected shortly. Many facility preparations at our new location have been underway for the past few weeks, with more continuing on a daily basis. We are preparing for our equipment arrival from Colorado and the new equipment needed is being ordered. Once settled, we expect to be moving forward on final testing in preparation for our initial product rollout this year. So much to do and such exciting times at HFT! ”

About HyFrontier Technologies, Inc.

The company owns a patent-pending technology called “HyGrO”, which is a molecular hydrogen and oxygen delivery system for agriculture. Golden Triangle Ventures, Inc. is assisting the company in commercializing the HyGrO unit for farm and home use around the globe. HyFrontier Technologies, Inc. has a mission to improve global crop production efficiency by injecting Hydrogen and Oxygen directly into the water stream. This technology can be used on any species of plant life in almost any grow medium. The system can be retrofitted to wellheads for medium to large-scale agricultural projects, indoor grow facilities, or utilized for a multitude of residential home & garden applications. In-house testing has shown evidence that Hydrogen is capable of increasing crop yields by up to 25%, and in many circumstances, much more. Larger root systems and better overall plant health were also observed by watering plants using the HyGrO unit. Multiple flagship universities are working to validate the HyGrO technology, and the preliminary results are extremely positive. Management has recently executed a lease on a 7,800 sq. M. ft. facility with an option to purchase the entire 24,000 sq. m. ft. building in New Port Richey, Florida which will be used to further advance the company goals of completing its molding, packaging, manufacturing, and marketing plans to begin commercializing this technology.

www.HyFrontier.com

About Golden Triangle Ventures

Golden Triangle Ventures, Inc. (GTV) is a multifaceted consulting company pursuing ventures in the Health, Entertainment, and Technology sectors. The company aims to purchase, acquire and / or joint venture with established entities within these areas of business. Additionally, GTV provides a professional corporate representation service to different companies in these sectors while consulting on a variety of business development objectives. The goods and services represented are driven by innovators who have passion and commitment to these marketplaces. The company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and / or services. The three points of the Golden Triangle exclusively represent the three sectors this company aims to do business in.

HEALTH DIVISION

Global Health Services is a wholly-owned subsidiary of Golden Triangle Ventures under its Health Division. The Board of Directors has elected to explore the opportunity to spin-off its Health division through a Form 10 Filing which is anticipated to be filed after the company completes auditing its financials. The company currently does business in the Medical PPE space and the Industrial Hemp / CBD space. Further, management is in the process of building an extensive online portal that will support the multiple verticals under the company and provide a one-stop-shop for all of the company’s products and services. The company is now finalizing the integration of payment processing into its online portal to promote, market, and generate sales for a myriad of products and services which include a full retail line of high-end, all-natural, health, wellness, and beauty products. Additionally, management is working on acquiring an array of profitable assets and projects with many impressive additions to its senior team involved.

www.GTVHealth.com

ENTERTAINMENT DIVISION

Lavish Entertainment is a wholly-owned subsidiary of Golden Triangle Ventures under its Entertainment Division. The Board of Directors has been elected to explore the opportunity to Spin off its Entertainment division through a Form 10 Filing which is anticipated to be filed after the company completes auditing its financials. The company started doing business in 2017 while operating out of Las Vegas, Nevada, with a vision of becoming a nationally recognized concert production company. The company currently has over 30,000 national followers and nearly 100 team members which have helped the company successfully organize some of the most exciting Electronic Dance Music concerts in Las Vegas. Lavish Entertainment is currently Doing Business As (DBA) “EpicRaves” which will eventually become a wholly-owned subsidiary of Lavish Entertainment as the company expands its business into many other forms of entertainment.

www.EpicRaves.com

TECHNOLOGY DIVISION

Golden Triangle Ventures owns 51% of HyFrontier Technologies under its Technology Division. The company owns a patent-pending technology called “HyGrO”, which is a molecular hydrogen and oxygen delivery system for agriculture. Golden Triangle Ventures, Inc. is assisting the company in commercializing the HyGrO unit for farm and home use around the globe. HyFrontier Technologies, Inc. has a mission to improve global crop production efficiency by injecting Hydrogen and Oxygen directly into the water stream. This technology can be used on any species of plant life in almost any grow medium. The system can be retrofitted to wellheads for medium to large-scale agricultural projects, indoor grow facilities, or utilized for a multitude of residential home & garden applications. In-house testing has shown evidence that Hydrogen is capable of increasing crop yields by up to 25%, and in many circumstances, much more. Larger root systems and better overall plant health were also observed by watering plants using the HyGrO unit. Multiple flagship universities are working to validate the HyGrO technology, and the preliminary results are extremely positive. Management has recently executed a lease on a 7,800 sq. M. ft. facility with an option to purchase the entire 24,000 sq. m. ft. building in New Port Richey, Florida which will be used to further advance the company goals of completing its molding, packaging, manufacturing, and marketing plans to begin commercializing this technology.

www.HyFrontier.com

Forward-Looking Information

Certain information set forth in this press release contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company’s current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission (“SEC”) has provided guidance to issuers regarding the use of social media to disclose material non-public information. In this regard, investors and others should note that we announce material financial information on our investor relations company website, www.TheWaypointRefinery.com, in addition to SEC filings, press releases, public conference calls and webcasts. We use these channels as well as social media to communicate with the public about our company, our services and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, in light of the SEC’s guidance, we encourage investors, the media, and others interested in our company to review the information we post on the following US social media channels:

Fashion

Fashion’s Sustainability Landscape: Who’s Investing in What?

Emily walpole

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Aeon Elliott models a gown for a fashion shoot while standing on the Edge, an outdoor observation deck overlooking Manhattan, March 2, 2021 in New York. After the virus descended on New York, the only sounds in the streets were wailing ambulance sirens. A year after the pandemic began, the nation's largest metropolis -- with a lifeblood based on round-the-clock hustle and bustle, push and pull -- is adapting and showing new life. (AP Photo/Mark Lennihan)

Business as usual has come and gone, as far as sustainability advocates are concerned.

More companies are investing in sustainability and making it a broader business priority.

“In the past year, we have seen accelerated investment into the circular economy, which transitions us away from our current take, make, waste linear economy to one in which materials are shared, reused and continuously cycled,” said Kate Daly, managing director of the Center for the Circular Economy at Closed Loop Partners. “Brands and retailers are evaluating their business holistically through the lens of environmental, social and [corporate] governance factors, growing their investments in new materials, researching circular solutions and testing and piloting new business models like reusable packaging systems in store.”

Across the top value-creating companies analyzed by WWD, reuse was one area that saw significant investment across the board. Companies evaluated included Nike, Inditex, LVMH, TJX Companies, Kering, Hermès, Fast Retailing, Adidas, Ross, VF Corp., Pandora, Richemont, Anta Sports, Next, L Brands, HLA, H&M, Lululemon, Hanes and Burberry by economic value creation in McKinsey & Co.’s Global Fashion Index for 2018 (adjusted for 2021 due to financial fallout of the pandemic).

fashion, sustainability, retail, circularity, resale, apparel

An GFN of the sustainability investments being made, across the top value-creating companies in fashion.
WWD

Reuse — Easiest to Implement

The majority, or 70 percent, of McKinsey & Co.’s top 20 companies by value outlined a reuse program (like Ross’ reuse-a-hanger or Nike’s Reuse-a-Shoe) in their annual sustainability reports, perhaps because of ease of entry and low spend.

Since launching in 1993, Nike’s Reuse-a-Shoe program has repurposed 30 million shoes, touting the title as one of the oldest reuse and take-back programs.

Recent efforts from VF-owned The North Face speak to the consumer-facing engagement of these programs. With a warranty program that is 50 years old, the average life of a North Face product is a little over seven years. When it comes to new metrics for reuse, “[The industry] is still trying to figure out how to measure e-commerce programs, end-of-life — we’re actually still trying to work on that,” said Carol Shu, global senior manager of sustainability at The North Face.

The Move on Materials

Stan Smiths, Adidas, footwear, sustainability, leather

Select Stan Smiths are being reimagined in a bio-based leather for spring and summer 2021.
Courtesy

After reuse, more than half of the companies showed beginner moves to more innovative materials that help shift away from plastic over reliance and virgin materials. Efforts are evaluated by not solely a public commitment to increase the use of recycled material content but also the use of innovative plant-based dyes and material alternatives, innovation funding competitions and strategic alliances with biotechnology companies.

Last week, Adidas announced its Stan Smiths are the first footwear silhouette to take on Mylo mushroom-derived “leather” at scale. The shoe is slated for limited release later this year with the aim to scale up access to Stan Smith Mylos and integrate the material into other Adidas products and franchises (materials like Mylo are not biodegradable at present). A month prior, Stella McCartney (teaming with biotech company Bolt Threads) and Hermès (teaming with biotech company MycoWorks) similarly trialed new materials to positive public response.

Becoming akin to brand champions for new materials, the only kicker is the Stan Smith Mylo isn’t available yet, neither is the Hermès bag, and McCartney’s bustier and trousers are not for sale — as is the case with many innovative concept launches; Look, don’t touch.

That being said, progress is still being made in the move away from the virgin plastic-based norm, according to industry fiber benchmarks like Textile Exchange — it just isn’t happening at the pace or scale needed.

Polyester’s dominance alone captured 52 percent of the 111 million metric tons of fiber produced in 2019, far overshadowing the plant-based fibers of ancient origins (jute, linen and hemp) taking up 6 percent of the market share of natural protein fibers (silk, wool) each holding 1 percent of the market.

The latest material innovations wouldn’t even track on an industry benchmark at their current scale, so what is driving interest in the new materials?

“Quality is what drives adoption and ultimately impact,” said MycoWorks chief executive officer Matt Scullin. MycoWorks recently closed a $45 million Series B financing deal and worked with Hermès on its latest collaboration. “Brands and consumers are not going to sacrifice performance for sustainability. Leather is fundamentally a performance material. It’s highly durable. It has a sensuality. It evokes emotion that other materials do not. Our approach with Fine Mycelium materials has been to put performance first.”

The company is one of many seeking to edge out competition as veganism and concerns surrounding plastic-based materials continue to rise.

Recycling Gaps

Half of the companies — LVMH, TJX, Kering, Fast Retailing and H&M among them — are making investments in recycling infrastructure — akin to H&M’s Rube Goldberg-like garment-to-garment recycling machine and investments in chemical recycler Re:Newcell.

Amid some isolated efforts, investments in recovery infrastructure and incentives to enable recapture of material after use are lagging.

Speaking to the plastic crisis specifically, Daly suggests collections made with recycled polyester may be a red herring over larger-scale infrastructural investments. “At our current rate, 8 million metric tons of plastic end up in our oceans each year, in addition to the 150 million metric tons currently circulating in marine environments. We need greater investment in recovery infrastructure to help close the supply-and-demand gap for plastics and protect the environment. To effectively do so, alongside upstream innovations to stop waste from the outset, a suite of solutions downstream is necessary — from mechanical recycling to advanced recycling technologies that can break down our most difficult-to-recycle plastics and transform them into high-quality raw materials that can be funneled back into the system,” she said.

Plastics aside, industry-led initiatives like Accelerating Circularity are one of many aiming to tackle fashion’s infrastructure and supply streams to curb waste.

Few Have Jumped All-In on Resale

ThredUp claims to be the biggest apparel resale site.

ThredUp claims to be the biggest apparel resale site.
Courtesy Photo

Despite reporting the strongest growth amid the pandemic, resale trailed all of the circular investments, at just 30 percent designating funds and efforts to it.

None of the players entering the resale space — VF Corp., H&M (majority stake in resale platform Sellpy), Kering (led a $216 million funding round in French luxury resale site Vestiaire Collective in March), Richemont (Watchfinder, Yoox Net-a-porter Group), Burberry (a recent partner to The RealReal) or as of this week, Lululemon (a re-commerce program with Trove) — have demonstrated a decoupling from volume-based growth.

“Circularity is at such a nascent stage…investment is relatively small in a vacuum. One shoe does not circular make a company,” said Michelle Gabriel, an educator at Glasgow Caledonian University in New York. “We’re not seeing the changes we want to see with circularity because one, it can’t solve our problems and two because it’s [a negligible amount] of the operation of these companies.”

Gabriel finds investments to be a drop in the bucket, infrastructure lacking and labor infringements or lived experiences to be more telling of sustainability progress with reports from labor groups being a key reference.

Pandemic Fallout With Suppliers, A ‘North Star’

coronavirus, pandemic, retail, fashion, labor

An GFN of the labor infringements seen by the top value-generating companies in the apparel space.
WWD

Humanity has equal footing in the sustainability conversation.

Investments in human rights due diligence can take the form of published supplier lists (past tier-1), supply chain technologies that aid transparency, third-party auditing and membership in responsible business initiatives or sensibly — living wages.

With the harsh blow dealt to the apparel industry by the pandemic, incidents of wage theft and unmet supplier commitments upstream can be a more human pulse of industry sustainability.

“When we keep the social components as the North Star, we will inherently embed the other things…I am excited about the conversations that are taking place around inclusion and diversity and what a safe industry looks like,” said Gabriel emphasizing the impact to the 75 million people — mostly young women of color — making our clothes today. Gabriel is engaging in an ongoing research project to collect the lived experiences of individuals who identify as Black, Indigenous, and people of color or LGBTQIA+ within fashion.

Using data available from labor organizations like the Worker Rights Consortium and Remake, some companies (30 percent) that publicly resolved payments to suppliers on canceled or delayed orders at the start of the pandemic were later buyers implicated in severance theft in an April report titled “Fired, Then Robbed” from the WRC. Although the companies paid out in the #PayUp campaign, Nike, Inditex, Next, Fast Retailing, Adidas and H&M were among those buyers implicated in severance cases, as by WRC reports.

Kering, VF and Lululemon remain in the clear for resolved COVID-19-related payments to suppliers. Other companies remain unaccounted for in the pandemic supplier fallout, with public visibility into supply chains lacking.

Going forward, labor rights advocates and watchdogs believe full public transparency will be the ultimate testament to industry-wide progress.

Climate, Chemicals, Biodiversity Reporting Getting There

Across the board, reporting on sustainability efforts has come a long way and fast at that within the past year especially with the rising interest in Environmental, Social and Corporate Governance metrics.

Where applicable, 45 percent of the analyzed companies have set or “committed” to setting science-based targets according to the Science Based Targets Initiative; 65 percent have achieved certification with chemical management programs (including Bluesign or Zero Discharge of Hazardous Chemicals; and 40 percent have invested in some sort of regenerative agriculture project or “restoration” as per sustainability reports.

Some companies are going a step further to disclose material risks to investors.

Standards like the Sustainability Accounting Standards Board Standards identify the subset of environmental, social and governance issues most relevant to financial performance in each of 77 industries. The standards are developed based on feedback from companies, investors and other market participants “as part of a transparent, publicly documented process,” according to the website.

A handful of companies Nike, VF Corp., Pandora and Hanesbrands report by SASB Standards to communicate financially material sustainability information to investors to make bleeding externalities not typically accounted for in apparel, more visible.

When probed on whether companies, across the industry, are indeed holistically re-evaluating their sustainability strategies, Gabriel said: “Maybe not but I think they’re realizing they can’t afford not to.”

For More, See:

Just a Mere $20B to $30B a Year to Transform the Industry, According to Report

What 2020 Taught Fashion About Sustainability and Where to Go From Here

What Comes After Single-Use Retail Bags?

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Business

ESG Strategies for Small Business and Private Companies | JD Supra

becker blake

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ESG Strategies for Small Business and Private Companies | JD Supra

As a violinist, I was interested to learn that Irish violinist Patricia Treacy performed at President Biden’s inaugural mass held at 7:30 AM on Inauguration Day at a Washington cathedral. For the occasion, Ms. Treacy performed on a Stradivari violin worth around $4 million.

This Stradivari wasn’t made by the famous 17th century Cremonese luthier Antonio Stradivari whose instruments have become the gold standard for violin makers ever since. Instead, the violin Ms. Treacy played was made by Antonio’s son, Omobono Stradivari.

Omobono likely was primarily assigned repair work in Antonio’s shop. Compared to Antonio, few surviving violins are attributed to Omobono, and those are considered “clumsy” compared to his father’s work. And there is speculation that Omobono’s business interests primarily laid outside violin making.

Omobono might not have kept up with the productivity or workmanship of his illustrious father. But his instruments still reflect considerable artistry compared to other makers of his day and are not to be overlooked.

The same comparison might be made of large, publicly-traded corporations and their small, privately-held business counterparts. Although the former may generate more news reports and generate more revenue and government regulation, privately-held businesses far outstrip public companies in number. And small business is the backbone of many local communities.

On March 4, 2021, the Securities and Exchange Commission (SEC) announced that it was creating a Climate and ESG Task Force to focus on disclosure and ESG-related misconduct. Although the SEC’s focus likely primarily will be on disclosures by reporting companies and ESG funds, small businesses and privately-held companies also can create a significant impact with ESG programs.

This article provides a basic primer on ESG principles and discusses how small businesses and privately-held companies can positively affect their communities and stakeholders with ESG initiatives.

What is ESG?

Environmental, Social, and Governance (ESG) focuses on a company’s efforts in those three areas. ESG is used by investors when considering where to invest. ESG also should be a factor in developing a company’s policies and products.

ESG requires a holistic evaluation of the business to determine how it serves its stakeholders inside and outside of the company and the environment where it has influence. The relative focus on environment, social, and governance will vary by company.

Focus on environmental should include the company’s use of natural resources, conservation efforts, and recycling and sustainability. Companies also may evaluate their carbon footprint and energy use. If the business involves the use of chemicals, the company might determine if there is a more environmentally friendly option.

Social issues require evaluation of the company’s diversity and inclusion efforts from the boardroom to entry-level employees. Wellness programs and work environment must be evaluated to assure that employees are treated fairly and can work safely and without harassment. Companies also should consider their opportunities for social impact to make the world a better, safer, and more just place where all people can thrive.

Governance focuses on a company’s leadership and how it guides the company to have a positive impact. Governance also will include evaluating the board, executive, and management composition for diversity and inclusion. It also focuses on equity in compensation, transparency with investors and other stakeholders, and integrity.

Why is ESG Important?

Not only is it important that companies use their resources to make the world a better place, but ESG also is good business. For example, conserving energy, using renewable energy, and recycling can reduce costs and help the environment. Creating a diverse workforce where employees are valued and treated fairly will attract top talent, improve morale, and reduce turnover.

Millennial job hunters, consumers, and investors value ESG and may bypass a company that doesn’t. And Gen Z, which are entering adulthood, is the most diverse generation ever, with only 52%. For Gen Z, addressing climate change, equity, and social justice aren’t optional for Gen Z. With Millennials and Gen Z becoming important stakeholders, companies that ignore ESG initiatives aren’t likely to survive.

Eight of the top ten global risks to business identified by the World Economic Form are ESG-related. Further, according to McKinsey & Company, ESG can improve the bottom line. ESG can lead a company to new markets and business opportunities since consumers may seek companies dedicated to ESG.

Conservation efforts can lead to significant cost savings, for instance, in energy costs. And creating an ESG program can help a company futureproof its operations by anticipating changes (eg, carbon credits, bans on plastic bags, etc.).

Finally, employees who are treated well and enjoy a workplace free of discrimination and harassment are likely to be more productive and less likely to leave their jobs. And employees who are treated fairly are less likely to leave their jobs or file regulatory complaints.

Why Should Small Businesses and Privately-Held Companies Care about ESG?

In March, Acting SEC Chair Allison Herren Lee spoke about the SEC’s enhanced focus on ESG, which she said was driven by a “shift in investor focus.” She noted that “ESG risks and metrics now underpin many traditional investment analyses on investments of all types–a dynamic sometimes referred to as ‘ESG integration.’”

According to Lee, the “perceived barrier between social value and market value is breaking down. This change is driven by investors, lenders, asset managers, and ultimately consumers, making it an essential consideration for every business, whether or not under SEC regulation.

Further, the SEC now has set the expectation that reporting companies accurately disclose ESG information and programs. Investors and other stakeholders naturally will come to expect similar information from private businesses. Indeed, Lee Gardella, head of Investment Risk and Monitoring at private equity asset manager Schroder Adveq believes “private markets are a better place for an investor to apply their sustainable goals than the public markets.

The Process of Developing an ESG Strategy

The first step in developing an ESG program is self-reflection. Every business needs to ask difficult questions such as:

  • Is there diverse leadership and employees at every level in the company? What effort is the business making to recruit a diverse workforce?

  • Is the work environment free from discrimination and harassment? What does the company do to foster employees’ mental and physical health? Do employees receive a fair, living wage?

  • How does the company use natural resources? Does it use renewable energy sources and conserve water? What is the company’s carbon footprint? Does the company recycle and purchase recycled goods where possible? How do the company’s operations impact the land, water, and plant and animal life?

  • Do leadership and management deal fairly and transparently with stakeholders, including employees, customers, vendors, and investors?

  • What governmental regulation is the business subject to? Is the business in compliance with equal opportunity, wage hour, environmental, and ethical requirements?

After a business identifies its ESG successes and areas for improvement, it should develop strategies to address areas needing improvement. That ESG strategy should be integrated into the business’ culture and operations.

Key Elements of an ESG Strategy

Although contents of a business’ ESG strategy will depend upon its industry and the business’ unique circumstances, every ESG strategy should include these considerations:

360-Degree Engagement

A successful ESG strategy will involve all of a business’ stakeholders, including the board, executives, staff, investors, and consumers. The board may adopt the ESG strategy, but only after seeking information from other stakeholders. In addition to involving management and employees, a business may also seek customer or investor input through surveys.

Address All Three ESG Components

Balance is essential in business and in ESG strategies. An effective ESG strategy will not emphasize one or two of the areas to the neglect or exclusion of the other(s).

Many businesses may find it easier to have a strategy for one or two of the three ESG components (environmental, social, governance) than the others. Frequently the area where the business finds it most challenging to develop a strategy will be the one where the business needs to place the most focus.

For example, a business whose C-suite and board comprised of white men may find it difficult to attract women, people of color, and LGBTQ persons. Or the company may be in an industry where such individuals are underrepresented. Yet, a strong diversity program might be the best way for the business to demonstrate its commitment to ESG. A diversity initiative also may help futureproof the business by bringing new ideas and opportunities to the table.

Or on the social side, it may be difficult for a business to obtain management or owner approval for initiatives that increase employee or worker safety costs above minimum required levels at the expense of owner profit. Yet, in the long run, a happy and healthy workforce may lead to improved financial results.

Top to Bottom Education and Commitment

360-degree engagement doesn’t end when the ESG strategy is developed. Instead, all business personnel, from the board chair to the entry-level employee who started yesterday, needs to be educated about and engaged in carrying out the business’ ESG strategy.

Board, management, and staff must be educated about and committed to the business’ ESG strategy. And ESG should become a consideration in every business decision.

Asset Allocation

The book of Matthew in the Christian Bible says, “For where your treasure is, there will your heart be also.” As with a person, a business’ “treasure” might not refer just to money but also time and focus.

The business that adopts a strong ESG strategy but continues to place the lion’s share of its funds or employee time on practices that undermine that strategy isn’t likely to succeed. The business’ allocation of time and money and choices for community involvement should support its ESG strategy.

Disclosure and Marketing

Usually, it is a good idea for a business to promote its ESG strategy, even if it isn’t legally obligated to do so. By publicly committing to its ESG strategy, the business is more likely to follow through. Plus, public discussion shows customers, investors, and competitors of the business’ commitment to ESG and could encourage those stakeholders to make similar commitments.

Continued Self-Reflection and Evaluation

Businesses should develop metrics so they can continuously evaluate the effectiveness of their ESG strategies. If ESG strategy isn’t effective in one or more areas, the business should make changes designed to increase impact

Futurecasting

ESG is dynamic. Yesterday’s social and environmental concerns different from today’s concerns, and tomorrow’s concerns will be different yet. The most effective ESG strategies will proactively anticipate and be ready for future industry ESG concerns. And the business should make the investments necessary, so it isn’t left behind when those ESG concerns become reality.

This series draws from Elizabeth Whitman’s background in and passion for classical music to illustrate creative solutions for legal challenges experienced by businesses and real estate investors.

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Business

These Are the Most Influential People in the DC-Area Weed Business

becker blake

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These Are the Most Influential People in the DC-Area Weed Business

Caroline Phillips
Founder, National Cannabis Festival and National Cannabis Policy Summit

As a kid growing up in 16th Street Heights during the ’90s and early 2000s, she’d watch her neighbors’ residences being raided for pot offenses. As an adult, she has turned her hometown into a destination for weed stans, organizing the area’s first cannabis festival in 2016. Nearly 20,000 people attended the last in-person event, at RFK; it now includes a policy component, too.

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Andras Kirschner and Ed Weidenfeld
Co-owners, Phyto Management and Maryland Cultivation and Processing

When longtime lawyer and Reagan campaign counsel Ed Weidenfeld was diagnosed with Parkinson’s, his son introduced him to farmer and Landon alum Andras Kirschner. The pair became partners in pot-growing ventures in Hagerstown and DC. The latter, Phyto, was DC’s highest-grossing in 2019, with $3.2 million in revenue. “I once thought cannabis would put users on the path to inevitable addiction,” Weidenfeld says. Now it “keeps me close to the beauty of life.”

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Jeffrey Kahn and Stephanie Reifkind Kahn
Owners, Takoma Wellness Center

After decades working in healthcare (Stephanie) and using his rabbinate to help families face illness (Jeffrey), the couple opened their dispensary in 2013, making it one of the longest-running in DC. It was also the city’s top-grossing in 2019, with $7.6 million in revenue. Pot is a family business: Son Josh works with his parents, and his brother, James, has worked for other local weed outfits.


Chanda macias

Owner/CEO, National Holistic Healing Center; CEO, Women Grow; first vice chair, National Cannabis Roundtable

The former director of STEM education at Howard University runs a six-year-old dispensary in Dupont Circle, the second-highest-grossing outfit in DC in 2019. She has national sway, too, mentoring people through the networking organization Women Grow and working to influence US policy as a leader in the cannabis-reform group chaired by former House speaker John Boehner.


Linda Greene Market

Owner/CEO, Anacostia Organics; chair, DC Cannabis Trade Association

A former chief of staff to Marion Barry saw opportunity when DC paused its dispensary licensing and no licenses had been granted east of the Anacostia River. She convinced the city to resume licensing and subsequently set up her dispensary in early 2019, just up from the Big Chair on MLK Avenue. On the side, she heads the advocacy group for the city’s growers and sellers.


Hope Wiseman

Owner/CEO, Mary & Main

When Wiseman—the former Falcons cheerleader who starred on the E! reality show WAGS Atlanta—opened her dispensary in Prince George’s County in 2018 at age 26, she became the youngest Black female dispensary owner in the US. This year, she plans to begin franchising to other minority entrepreneurs while organizing a canna-centric conference, “The 420 Experience.” Weed, she says, is “a great opportunity for minorities to build wealth.”


Bill Askinazi

Owner, Potomac Holistics

His Rockville dispensary was the first in Maryland, selling out every day for two months after it opened in 2017. As a former top official at the state’s economic-development agency, he worked with small businesses—his is now one of the only mom-and-pop pot shops left in Montgomery County.

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Josh Genderson

CEO, Holistic Industries

He learned about heavily regulated industries while working at his family’s longtime liquor store, Schneider’s of Capitol Hill, and made the leap to pot in 2010. His company now operates two of the eight cultivation centers in the District. Holistic has also opened a dispensary division (it runs Lib­erty Cannabis in Rockville), has expanded to seven states, and is projected to gross $200 million in sales this year.


Corey Barnette

Owner/CEO, District Growers and Kinfolk

This MBA and former finance guy is the only person to head both a dispensary and a growing operation in DC: He founded a cultivation center in the Langdon neighborhood and acquired Kinfolk, formerly Metropolitan Wellness Center, a dispensary that’s relocating from Eastern Market to Mount Vernon Triangle. Barnette is often a spokesman for the local industry, testifying on the Hill and advocating for inclusivity within the business.


Erich Mauff

Cofounder/president, Jushi

Mauff is used to the competitive world of Big Cannabis: Before working at Deutsche Bank for nearly two decades, he rowed in the Olympics. Last year, his company acquired one of five licensees in Virginia’s inaugural class of “pharmaceutical processors”—facilities that house every step of the medical-cannabis process, from seed to sale. With a dispensary open in Manassas (called Beyond/Hello) and five more slated to open by mid-2022, Jushi-operated storefronts will be the only places to get medical marijuana in Northern Virginia.

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Jamila Hogan

Founder, the Green Life Learning Center and Pass the Jay

A cannabis judge who anoints prize-winning “strain hunters” at international contests—“When I say it’s good, it’s good”—Mills is to weed what a master somm is to wine. She may be the most erudite kush critic in DC, using her background as a former grower to review dispensary products and locally grown flowers on her website, Pass the Jay. Mills also consults and teaches, schooling growers and consumers in the olfactory elements that differentiate pot strains and their effects. Her pitch: More education + more discerning buyers = better bud.

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Giadha A. DeCarcer

Founder, New Frontier Data

She honed her Big Data skills working in the intelligence field and at JP Morgan Chase. Now she churns out GFN and market forecasts for weed investors and business owners. Her seven-year-old firm expanded its stake in the industry in 2018 when it bought Hemp Business Journal and again last year when it acquired Higher Data, an industry database.

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“DC Scroger”

@dcscroger

His alias derives from “scrogging,” a growing technique that maximizes yield per plant—helpful for pot growers in DC, where residents are restricted to six flowering plants apiece. He teaches classes for serious homegrowers, throws Bring Your Own Bucket soil-mixing parties, and preaches the virtues of self-sufficiency on his Instagram.

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Leah Sera

Director, MS Program in Medical Cannabis Science and Therapeutics, University of Maryland School of Pharmacy

Sera oversees the first medical-marijuana master’s degree in the country, helping train the next generation of cannabis professionals. The two-year-old program covers the scientific, cultural, and political aspects of weed—from a distance. Because of federal laws, neither Sera nor her 400 students can actually touch what they’re studying.

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Mark Nagib

Co-owner/creative director, Pink Fox

After being laid off from their lobbying-firm gigs a few years ago, Nagib and his partner, who goes by “Keo,” started developing DC-centric designs for their high-end gifting company. (Gifters sell token items and give pot away for free, a workaround of District law.) Instead of cheap stickers or trinkets, Pink Fox sells limited-edition loungewear, vibing weed-as-your-best-life. Naturally, Nagib and Keo also host a podcast.


Davis Clayton Kiyo

Owner/CEO, Myster and Octave

His two local storefronts shuttered after a 2016 police raid at one of them, but the Bethesda native continues to sell Myster’s high-end hardware online. The accessories—including the best-known all-in-one Stashtray, inspired by minimalist and modern design—are crafted to be cool enough for the Insta generation but also appeal to the clean-cut sensibilities of a corporate type. Octave, a new venture launched last year, makes high-tech smoking ware for the techy stoner crowd.

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Michael J. Correia

Director of government relations, National Cannabis Industry Association

Before becoming Big Pot’s head lobbyist in 2013, he worked for its prototypical enemy: Republicans. He spent a decade-plus on the Hill and was director of federal affairs at ALEC, the clearinghouse for conservative legislation. Today at NCIA he represents more than 1,000 cannabusinesses.


Queen Adesuyi

Policy manager, Drug Policy Alliance

The 26-year-old Bronx native saw the disparate impacts of pot policing on her hometown versus at her alma mater, Georgetown. Now she lobbies for racial justice in weed policy, pushing for federal criminal-justice reform in Congress and for equity in how the District regulates the industry.


Jenn Michelle Pedini

Executive director, Virginia NORML; development director, NORML

A veteran of Disney World and corporate marketing, Pedini has a background in storytelling, which has been useful at NORML’s chapter in the Old Dominion. During the 2021 legislative session, Pedini’s years-long effort to get Virginia to legalize recreational marijuana was successful—a first among Southern states.

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Diamond Riley

Founder, DC Bake Shop

The former pop-up player has been an innovator in edibles. She gifts Milk Bar–inspired treats and pizzas with sativa-infused sauce to people who make top-dollar donations; a half dozen cupcakes go to a donor of $110, for instance. Pre-pandemic, Riley brought cannabis programming to the Wing coworking club.


Jazmine Moore

Owner/CEO, Green Panther Chef

Diagnosed with Crohn’s disease in 2007, the chef weighed 84 pounds and was desperate for relief, which she found by infusing juice with cannabis. Today Moore caters spreads of edibles for patients and parties, dosing niçoise salads and coq au vin for up to $10,000 per spread. She also has a line of CBD condiments designed to aid gut health.

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Adam Eidinger and Nikolas Schiller
Founders, DC Marijuana Justice

Their fame in local pot circles goes back to 2011, when police raided the Capitol Hemp store that Eidinger then co-owned. (He avoided prosecution by closing the shop.) Schiller and Eidinger later formed their advocacy group, helping craft and pass Initiative 71, the ballot measure that legalized pot possession in the District. When it became law in 2015, Mayor Bowser awarded Eidinger a “420” license plate. Now that the city is debating full legalization, expect to see more of their joint effort—Eidinger getting handcuffed for the cause (he’s currently at 26 arrests) and Schiller staying behind to tell the story.

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Meredith Kinner and Johnny McGowan
Partners, Kinner & McGowan

They opened their litigation practice in 2015, becoming one of the first firms to dedicate themselves to DC’s cannabis market. The Capitol Hill–based duo help cannabusinesses unravel the Gordian knot of banking, zoning, and licensing regulations in a shifting legal landscape.


Lonny Bramzon

Owner, Street Lawyer Services

A Miami-raised criminal-defense attorney with a weed side hustle, Bramzon started an H Street gifting operation to market his Silver Spring law firm: The shop sells coupons for legal services, and the weed is free. His “budtenders,” a fleet of young women who work the counters (and call themselves SLS Women), help market the shop to their own micro-influencer followings and are at work with Bramzon to develop a women-focused pot line. He also just launched an expungement-advocacy campaign to get DC-area courts to wipe records clean of weed-related convictions.

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Natalie done

Reporter, Politico

When Politico launched its pot vertical a year and a halfago, it became the first mainstream publication with a cannabis team. Fertig, its federal-policy reporter, covers everything pot-related on Capitol Hill, from financial regulation to agriculture and criminal justice. It’s “the ultimate policy-reporting job,” she says, “because it’s completely new.”

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7 dispensaries

8 cultivation centers

9,276 patients registered

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19 dispensaries

0 cultivation centers

22,455 patients registered

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8 dispensaries

1 cultivation center

12,952 patients registered

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4 pharmaceutical processors

0 Pounds of flower sold. That’s because the Commonwealth’s current medical program is limited to non-combustible forms such as oils, creams, and capsules.

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