Canopy, Canada’s biggest licensed cannabis producer, announced yesterday that BMO Capital Markets and GMP Securities were leading its $175-million bought deal offering of roughly five million shares.
Licensed marijuana producer Aphria Inc. has signed a deal to buy Broken Coast Cannabis Inc., a cannabis producer on Vancouver Island, in a transaction it valued at $230 million in cash and stock.
Canadian marijuana companies are on a hiring spree, looking to fill an array of roles as they gear up for the legalization of recreational cannabis later this year.
Both federal and provincial governments have said they will honour the Indian Act tax exempt policy.
As the B.C. government prepares to announce retail options for nonmedical cannabis, some advocates have been vocal in their opposition to the sale of cannabis products in B.C. liquor stores.
“It just doesn’t really make a huge amount of sense to replace the energy of sunlight, which is so abundant and obviously healthy for leafy green crops, with a synthetic alternative,”
The Saskatchewan government has announced marijuana will be sold by private companies after the drug is federally legalized.
THC BioMed surged 70% intraday and CannaRoyalty jumped 27%, pushing the BI Canada Cannabis Competitive Peers Index up 13% to a record.