Canadian marijuana cultivators are raking in capital

Canada’s federally licensed medical marijuana cultivation companies have raised roughly 700 million Canadian dollars ($524 million) in the past six months, according to canna-centric analysis firm Canaccord Genuity. The investment frenzy started in the third quarter of 2016 when investors injected more than CA$150 million ($112 million) into publicly traded and privately held Canadian MMJ growers, the Canaccord report said, according to the Calgary Herald. But that amount more than doubled in the final three months of the year to more than CA$350 million ($262 million), while this year’s first quarter, which ends March 31, has seen close to ... Canadian marijuana cultivators are raking in capital is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs