Another Canadian medical cannabis producer goes public

Adding to a growing trend among licensed Canadian medical marijuana producers, Hydropothecary Corp. went public Tuesday. The Quebec-based company started trading on the TSX Venture Exchange after completing a reverse takeover with BFK Capital Corp. last week, the Financial Post reported. Hydropothecary shares opened at 1.82 Canadian dollars ($1.36) and closed at CA$1.55 ($1.16) on Tuesday, according to the Post. An analyst quoted by the Post estimated Hydropothecary will have an initial market capitalization of CA$53 million ($39.6 million) and an opening enterprise value of CA$36 million ($26.9 million). Hydropothecary said its revenue was CA$1.1 million ($824,340) in ... Another Canadian medical cannabis producer goes public is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs