• Mike Fata | $419M Hemp Empire

  • Apr 22 2024
  • Length: 54 mins
  • Podcast
Mike Fata | $419M Hemp Empire cover art

Mike Fata | $419M Hemp Empire

  • Summary

  • Mike Fata, founder of Manitoba Harvest, shares his incredible journey from high school dropout to building a $419 million hemp empire. Discover the lessons he learned while navigating the challenges of entrepreneurship, from humble beginnings to scaling a business, managing successful exits, and embracing servant leadership. Mike's insights on passion, persistence, and personal growth will inspire and motivate you on your own entrepreneurial path.

    Chapter Titles:
    00:00:00 - Intro
    00:05:16 - Starting Manitoba Harvest
    00:07:34 - Early Guerrilla Marketing
    00:11:56 - Scaling to $1 Million
    00:15:10 - The Path to $10 Million
    00:19:05 - Trademark Battles
    00:21:25 - Challenges of 24/7 Manufacturing
    00:22:18 - Navigating the First Exit
    00:27:44 - Life After Partial Exit
    00:29:54 - The $419 Million Exit
    00:32:14 - Investing Philosophy
    00:34:20 - Finding Deals
    00:36:10 - The Evolution of CPG
    00:40:00 - Mike's Portfolio Insights
    00:41:29 - A Tough Lesson Learned
    00:44:55 - Rapid Fire Questions
    00:49:14 - Balancing Entrepreneurship and Single Fatherhood
    00:52:05 - Servant Leadership
    00:53:06 - Conclusion



    ABOUT THE HOSTS:


    Will Nitze is the Founder & CEO at IQBAR - America's leading "brain + body" nutrition startup. With minimal funding, Will has taken IQBAR from zero locations and zero in revenue in 2018 to 10,000+ doors and a projected $50 million in sales in 2024.


    Joe Lemay founded Rocketbook with business partner Jake Epstein. After being featured on “Shark Tank”, where the sharks passed on a chance to invest – Joe would go on to grow Rocketbook and sell it to BIC for 40 million dollars just three years later.



    Connect with Mike Fata:


    Website: https://www.mikefata.ca/
    LinkedIn: https://www.linkedin.com/in/themikefata/
    X: https://twitter.com/themikefata
    Instagram: https://www.instagram.com/themikefata/



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