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A LT E R N A

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CREATING JOBS FOR CANADIANS

banking: the Big Five could say no

With this community focused drive,

because they had other interests

Alterna took on the mantle as one of

globally or in the US. Three years later,

Canada’s only ‘cannabis banks’ – a

we’re proud of that. We’ve helped some

venture Paterson says none of the Big

of these companies grow into some of

Five would support. “The cannabis

the biggest Canadian corporations,

companies were licensed and legal,

creating employment in areas where it

right?” he argues. “We didn’t have the

was badly needed.” This is where, for

right to say no: these are organizations

Paterson, being a ‘David’ pays off yet

that will employ Canadians. It’s a

again. “We don’t have the SVPs and

growing sector of the economy. We

EVPs of ‘no, you can’t do that’. We don’t

really took it on as a cause because we

have all the politics and bureaucracy

felt this was what was wrong in

that goes with big corporations.”

JUNE 2019

Profile for Gigabit

FinTech Magazine 2019  

FinTech Magazine 2019