Strategic Mindset of AVD's IP Triumph & How a Manufacturing Powerhouse Stays Ahead ft. Alex Kwon

An enormous victory for the US Cannabis Vaping sector happened, and most completely missed it. The recent “definitive victory” by AVD was a critical win for the cannabis industry. A monopoly would have jeopardized the entire category and potentially put a stranglehold on crucial hardware. This ruling ensures that competition continues and allows brands and consumers to not suffer at what could have been. The bigger question remains, is this IP battle the first of many? We sat down with Alex Kwon, Founder and CEO of AVD, to discuss the following: ● USITC cannabis vaping dispute ● Wartime CEO strategies ● Building a Diversified Supply Chain ● Forward-thinking disruption tactics 00:00 Introduction and Welcoming the Guest, Alex Kwon 00:46 Discussing the Cannabis Industry and Its Evolution 01:05 Guest's Journey into the Cannabis Space 01:20 Exploring the Intricacies of Cannabis Cultivation 03:06 Transitioning into the Cannabis Extraction Business 05:31 Challenges and Triumphs in the Cannabis Industry 06:21 The Birth of AVD and Its Initial Success 08:08 The Importance of Diversification and Supply Chain Management 10:10 The Future of AVD and the Cannabis Industry 34:15 Understanding the Difference Between Invention and Refinement 35:14 Balancing Innovation and Core Business 35:39 The Importance of Intellectual Property Strategy 36:57 The Role of Innovation in Business Growth 40:04 The Legal Battle with CCL and Its Implications 47:50 The Impact of IP Battles on the Cannabis Industry 50:38 The Importance of Execution in Business 58:27 The Future of IP Battles in the Cannabis Industry About AVD: In our former lives, we were extractors and processors. And, probably like you, we were looking for vape hardware equal to our oils. Except we couldn’t find consistently reliable cartridges. That were correctly designed. Didn’t burn our oil. And were priced for the market. So we said to ourselves, “We know exactly how the perfect cartridge should perform. After all, we’ve been in the industry for 20-plus years. From cultivation to managing licensed extraction labs to processing and formulation. We’re perfectly positioned to engineer and manufacture our own hardware.” Guest Links: https://avd710.com/ https://www.instagram.com/avd710/ https://www.linkedin.com/company/avd710/ Follow us: Our Links. At Eighth Revolution (8th Rev), we provide services from capital to cannabinoid and everything in between in the cannabinoid industry. 8th Revolution Cannabinoid Playbook is an Industry-leading report covering the entire cannabis supply chain The Dime is a top 5% most shared global podcast The Dime is a top 50 Cannabis Podcast Sign up for our playbook here: https://www.8threv.com/monthly-report/ 🎥 YouTube: The Dime 📸 Instagram: The Dime 🐣 Twitter: Bryan Fields, Kellan Finney 🎙 The Dime Podcast: https://the-dime-177afd40.simplecast.com/ #cannabis #AVD #cannabiscommunity #cannabisindustry #podcast #cannabispodcast #vape #vaping #cannabisvape #cannabisvaping