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CONTENT MARKETING IN THE CANNABIS VERTICAL ALEYA MACFAYDEN, MBA DIRECTOR, CANNABIS VERTICAL

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Page 1: A L E Y A M A C F A Y D E N , M B A D I R E C T O R , C A ...iabcanada.com/content/uploads/2019/05/IAB-Presentation-Branded-… · COMPLIANT THOUGHT STARTERS… o Event-coverage o

C O N T E N T M A R K E T I N G I N T H E

C A N N A B I S V E R T I C A L

A L E Y A M A C F A Y D E N , M B A

D I R E C T O R , C A N N A B I S V E R T I C A L

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o Understanding the Opportunity

o A Look at Compliance – The Cannabis Act

o Working Within The Guidelines

o Sample Content & Results

o Tips & Takeaways

WHAT TO EXPECT IN THE NEXT 30 MINS

Learnings

Inspiration

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THE OPPORTUNITY

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CANADIAN CANNABIS INDUSTRY AD SPEND

Expected 2019 legal cannabis sales in Canada*

B2C Marketing spending as a percentage of firm

revenues**

* https://www2.deloitte.com/content/dam/Deloitte/ca/Documents/consulting/ca-cannabis-2018-report-en.PDF

** https://cmo.deloitte.com/content/dam/assets/cmo/Documents/CMO/us-cmo-survey-fall-2018-highlights-insights.pdf

$182,810,000

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CANNABIS VERTICAL COMPOSITION

Plant-Touching

These companies handle the

cannabis plant itself, either

cultivating, distributing,

processing or selling it.

• Producers Cannabis (LPs)

Hemp producers

• Breeders (seeds)

• Cannabis Retailers

• Medical Clinics

• Extractors (oils)

• Manufacturers: Cannabis /

Hemp / CBD Infused

Products & Edibles

Ancillary Businesses (B2B)

Companies that support the

actual growth, processing and

sale of cannabis products.

• Business Services: legal,

financial, pest control, lab

testing, training, delivery etc.

• Business Solutions: payment

systems, security,

technology, etc.

• Business Products:

equipment, packaging, etc.

Consumer Products

Products and services that

relate to cannabis users.

• Cannabis Accessories

• Home Growing Equipment

• Consumer Services:

training, legal, etc.

• Businesses that want to

reach the cannabis user

audience

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o Written Branded Content, print in Cannabis

Post

o Written Branded Content, inserts

o Written Branded Content, digital

o Dynamic Content / Microsites

o Video Branded Content

BRANDED CONTENT IN OUR WORLD

ALWAYS TARGETED TO AN

AGE-OF-MAJORITY AUDIENCE

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A LOOK AT COMPLIANCE

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THE CANNABIS ACT

The Cannabis Act is the law which legalized

recreational cannabis use nationwide in Canada in

combination with its companion legislation Bill C-46, An

Act to Amend the Criminal Code. The law is a

milestone in the legal history of cannabis in Canada,

alongside the 1923 prohibition.*

Date effective: October 17, 2018

Violations can result in penalties

as severe as fines up to $1M for

both the publisher and advertiser.

Wikipedia*

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CANNABIS ADVERTISERS

Which types of advertisers are subject to the Cannabis Act?

Licensed producers – companies who have a Health Canada license to produce/sell

cannabis products in Canada.

Licensed retailers – depending on the province retailers may be granted a license by

the province.

Cannabis accessories companies – vapes (only when used for cannabis), bongs,

rolling papers etc.

Services related to cannabis – companies that do not sell cannabis or cannabis

accessories but provide services to the cannabis industry or to consumers who use

cannabis.

Hemp producers whose products contain CBD or THC – companies who have a

Health Canada license to produce/sell hemp and hemp products.

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TYPICAL APPROACHES FOR ENGAGING

CONTENT

Unfortunately, most

of these are not

permitted under the

Cannabis Act.

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BRANDED CONTENT & CANNABIS

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WHERE WE ARE…

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CONTENT STRATEGIES FOR CANNABIS

PROMOTIONS

News

Informat ional

Educat ional

Fact -based

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THE RISK…

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IT DOESN’T HAVE TO BE…BE CREATIVE!

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COMPLIANT THOUGHT STARTERS…

o Event-coverage o ex) New product launch

o Brand Story/Company History o ex) Covering how the business was

established and grew

o Business Processes o ex) How the business operates,

technology and methods used

o Business Trends o ex) Innovations within the space

o News o ex) New facility

o Staff profiles o ex) Spotlight on key people like

Executives, growers etc.

o Thought-leadership o ex) Sharing knowledge from

industry expert in the business

o Research-based o ex) Results from studies

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OTHER CONTENT OPPORTUNITIES

Angles that are not aimed at the promotion

of Cannabis:

o Investor Relations

o Specific objective of driving stock purchase,

targeted at an investor audience

o Recruitment

o Specific objective of recruitment and hiring

o Public Service Announcements

o Specific objective of harm reduction,

messaging from non-cannabis organizations

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ENSURING COMPLIANCE AT POSTMEDIA

Partnering with advertisers and sales to provide a multi-layer

compliance review process:

o Content ideas are vetted for compliance prior to presenting to the client

o Cannabis writers on the Content Works team write the stories with compliance in mind

o After client approval, content is submitted via an internal compliance review process to

answer basic compliance questions, as a first-step

o Following, the content is vetted by the compliance team for more nuanced compliance

concerns

o Where required, internal and/or outside counsel would be consulted to provide

additional feedback

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SAMPLES

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SAMPLE CONTENT – NEWS / IR

https://www.thegrowthop.com/sponsored/cannabis-business-sponsored/harvest-acquisitions-and-market-growth-

offer-unique-opportunity-for-canadian-investors-today

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SAMPLE CONTENT – EDUCATIONAL /

THOUGHT LEADERSHIP

https://www.thegrowthop.com/sponsored/cannabis-business-sponsored/new-cannabis-users-exploring-their-

options-cbd-thc-or-both

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SAMPLE CONTENT - PROCESS

https://www.thegrowthop.com/sponsored/cannabis-business-sponsored/growing-green-sustainability-and-the-

cultivation-of-high-quality-cannabis

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RESULTS

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Content 1

--

--

0.48%

NATIVE IMPRESSIONS DELIVERED:

TOTAL CLICKS:

CLICK-THROUGH RATE (CTR):

-- PAGEVIEWS:

UNIQUE VISITORS:

5.39% vs. 1.2%

--

--

ENGAGEMENT RATE vs. BENCHMARK*:

SOCIAL IMPRESSIONS DELIVERED:

AD CLICKS:

367 SOCIAL INTERACTIONS:

AVERAGE TIME SPENT:

--

1min 5s

On Page

Metrics

On Network

Metrics

Social

Metrics

*Internal Postmedia results. Benchmark is based on all sponsored content stories across industries.

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Content 2 (mid-flight)

--

--

1.10%

NATIVE IMPRESSIONS DELIVERED:

TOTAL CLICKS:

CLICK-THROUGH RATE (CTR):

-- PAGEVIEWS:

UNIQUE VISITORS:

4.97% vs. 1.2%

--

--

ENGAGEMENT RATE vs. BENCHMARK:

SOCIAL IMPRESSIONS DELIVERED:

AD CLICKS:

313

SOCIAL INTERACTIONS:

AVERAGE TIME SPENT:

--

--

On Page

Metrics

On Network

Metrics

Social

Metrics

*Internal Postmedia results. Benchmark is based on all sponsored content stories across industries.

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Content 3

--

--

0.48%

NATIVE IMPRESSIONS DELIVERED:

TOTAL CLICKS:

CLICK-THROUGH RATE (CTR):

-- PAGEVIEWS:

UNIQUE VISITORS:

2.98% vs. 1.2%

--

--

ENGAGEMENT RATE vs. BENCHMARK:

SOCIAL IMPRESSIONS DELIVERED:

AD CLICKS:

229 SOCIAL INTERACTIONS:

AVERAGE TIME SPENT:

--

1min

On Page

Metrics

On Network

Metrics

Social

Metrics

*Internal Postmedia results. Benchmark is based on all sponsored content stories across industries.

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TAKE AWAYS

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TIPS & TAKEAWAYS

Idea Generation

• Really understand your clients and

what they aim to achieve

• Allow for real brainstorming before

you focus on compliance

• Explore multiple angles

• Interpret the halo opportunities

1

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Grey Area

• Err on the side of caution

• Ensure you can construct an

argument / have a defensible position

for Health Canada

Non-Cannabis promotion

• Ensure the content truly has the right

intent and is not “masking” a

consumer strategy

• Target the appropriate audience

TIPS & TAKEAWAYS

2

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Compliance

• Consult legal counsel

• Document reasonable steps taken to

ensure age-verification

Working with Publishers

• Ensure you are comfortable with your

partner’s risk-tolerance

• Understand your partner’s compliance

process

• Do not rely on your partner for legal

guidance

TIPS & TAKEAWAYS

3