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Courtesy of Globe and Mail
Marijuana financier Cannabis Wheaton Income Corp. cut ties Monday with two investment banks with employees who own significant personal stakes in the company, in the midst of an $80-million financing.
In the latest development around a small deal that’s attracting outsize attention on Bay Street, Cannabis Wheaton and investment dealers Eight Capital and Canaccord Genuity Corp. announced they “mutually agreed to terminate” their relationship. The bankers were raising money that Cannabis Wheaton planned to invest in upstart pot producers, in exchange for a percentage of the companies’ future marijuana sales.
http://www.theglobeandmail.com/community/digital-lab/news/article13869751/?artId=35208835
Courtesy of Globe and Mail
Marijuana financier Cannabis Wheaton Income Corp. cut ties Monday with two investment banks with employees who own significant personal stakes in the company, in the midst of an $80-million financing.
In the latest development around a small deal that’s attracting outsize attention on Bay Street, Cannabis Wheaton and investment dealers Eight Capital and Canaccord Genuity Corp. announced they “mutually agreed to terminate” their relationship. The bankers were raising money that Cannabis Wheaton planned to invest in upstart pot producers, in exchange for a percentage of the companies’ future marijuana sales.
http://www.theglobeandmail.com/community/digital-lab/news/article13869751/?artId=35208835