Search:
Login:
OR

Cannabis Blog

How a 1 Billion Marijuana Company is Preparing For Legal Weed In Canada

Category: News | Posted on Sun, December, 25th 2016 by THCFinder

VICE News gets an exclusive look inside Canopy Growth Corp., the Canadian marijuana producer that calls itself the world’s largest legal weed company.

So far the company has only been allowed to sell to medical patients, but that will all change when prime minister Justin Trudeau makes good on his promise to legalize marijuana for recreational purposes in the Spring of 2017.

 

That’s especially good news for Canopy, which has been gearing up for the recreational market for years, even though the government hasn’t yet even unveiled its legalization plan. This year, its subsidiary Tweed announced a partnership with Snoop Dogg, and it became the first weed company to list on a major stock exchange. Since then, its stock price has rocketed upwards, and they’ve been evaluated at upwards of $1 billion, making them the first Canadian pot company to reach that mark.

Read More:https://news.vice.com/story/how-a-1-billion-marijuana-company-is-preparing-for-legal-weed-in-canada


Comments

What strain are you smoking on today?

Category: Fun | Posted on Sat, December, 24th 2016 by THCFinder


Comments

Marijuana Industry Raises Over $1 Billion In 2016

Category: Culture | Posted on Sat, December, 24th 2016 by THCFinder

Over $1 billion has been raised in the cannabis industry in 2016, according to Viridian Capital Advisors.

 

The billion dollar line was crossed last week in part with C$40 million ($29.8 million) raised by OrganiGram Holdings, Inc. The deal will allow for the build out and expansion of the company's cultivation, extract and derivative facilities. In addition, Tetra Bio-Pharma, Inc. received C$1 million in a private placement with Aphria Inc. to initiate clinical trials in PhytoPain Pharma.

 

Scott Greiper, president and founding partner of Viridian, said that the $1 billion was mostly raised in North America, with minor amounts from other countries. He also stated that the Canadian market is a meaningful metric as to what the U.S. market could end up looking like in the future. Canada legalized medical marijuana years ago, but the program was slow to build. The election of Prime Minister Trudeau jump-started efforts for the medical marijuana industry.

 

Read More:http://www.forbes.com/sites/debraborchardt/2016/12/21/marijuana-industry-raises-over-1-billion-in-2016/#4e4ead2b3362


Comments

Macka B - Medical Marijuana Card

Category: Videos | Posted on Sat, December, 24th 2016 by THCFinder


Comments


Search





Blog Categories

Popular Articles

Latest Offers In Your Area
Recent Blog Posts
Download Our App!
10 Miles Away | Los Angeles,
10 Miles Away | Los Angeles,
29.5 Miles Away | La Puente, West,
April 30, 2017 | Category: Fun
April 30, 2017 | Category: News
April 30, 2017 | Category: Videos
Mobile Apps
Copyright 2017 THCFinder.com
All Rights Reserved.
Dispensaries      Strains      About Us      Friends      API / Widgets      Privacy Policy      Terms of Use      Investors      Contact Us