INITIATIVE CAPITAL LIMITED

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The leading cannabis focused venture fund


Expertise, management and capital that leads to a public offering or corporate acquisition for seed-stage to early revenue companies entering, or expanding into, the cannabis industry. 

Domain Expertise and Industry Leadership

Venture and Fund Governance Experience

Competitive Advantage and Risk Reduction

Managing Partner Hamish Sutherland was the founding COO for Bedrocan Canada, Canada’s 5th Licensed Producer of medicinal cannabis under the MMPR/ACMPR.  Hamish grew the business, importing dried cannabis; the first legal international transfer of live cannabis plants; commissioning of a state-of-the-art 52,000 production facilty, responsible for compliance, marketinig, production, processing and dispensing, through a successful listing on the TSX.V
Managing Partner Loudon Owen has a wide range of business interests and industry experiences including being a co-founder of McLean Watson Capital, which managed two venture capital funds. He holds a BA from the University of Toronto, a JD from Osgoode Hall Law School (Toronto) and an MBA from INSEAD. A recognized intellectual property expert, he is a member of the IAM 300, Intellectual Asset Magazine’s list of the world’s leading IP strategists.
  
Initiative Capital teams the rare cannabis production expertise of a successful, industry-defining leader of a founding Canadian Licensed Producer ("LP"), with a financial industry insider who brings decades of venture and merchant banking success to curate, qualify, structure and optimize deals that permit investors to participate in the broader cannabis industry - not just the volatile traded LPs.   


For potential investee candidates, entrepreneurs, prospective licensees in any market, please provide your contact details, and include a brief message, and we will make every effort to respond to your inquiry within 48 hours.
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The Initiative Team

Loudon Owen, BA, JD, MBA
Managing Partner

Hamish Sutherland, P. Eng, MBA
Managing Partner

Loudon Owen, Managing Partner, has a wide range of business interests and industry experience including being a co-founder of McLean Watson Capital, which managed two venture capital funds.

Loudon holds a BA from the University of Toronto, a JD from Osgoode Hall Law School (Toronto) and an MBA from INSEAD. A recognized intellectual property expert, he is a member of the IAM 300, Intellectual Asset Magazine’s list of the world’s leading IP strategists.  

Managing Partner Hamish Sutherland was the founding COO for Bedrocan Canada, the 5th Licensed Producer under Canada's MMPR/ACMPR.  He was responsible for the construction and commissioning of their state-of-the-art 52,000 sq.ft. fully-automated production facility and was accountable for 50 surprise Health Canada inspections, without a major observation or recall.  

Hamish has a B. Eng. in engineering physics from McMaster University, and an MBA from the Schulich School at York University.

Steven Looi, MBA
Senior Analyst

Michael Miller, MBA
Senior Analyst

 Prior to co-founding Initiative Capital, Steven was an entrepreneur with international reach having launched and successfully exited from businesses in both China and Canada. With experience founding, operating, and managing software, pharma, and urban agriculturel companies, Steven brings a multifaceted approach to the challenges of the cannabis industry. Steven has been a regular fixture at industry events in both Canada and the United States in his capacity as a cannabis angel for emerging companies. 

Steven holds an MBA from the Schulich School of Business.
Michael is a multi-disciplinary venture capitalist and a regular adviser to early-stage companies looking for guidance on valuation, raising capital, and long-term positioning. A frequent writer on the emerging cannabis industry, Michael's writings can be found in leading trade and consumer publications.

Michael holds an MBA from the Schulich School of Business.