Canadian medical cannabis biotech firm to get CA$4 million infusion

CannaRoyalty Corp., a marijuana-focused Canadian investment company, plans to pay 4 million in Canadian dollars ($3.03 million) for a 20% stake in Anandia Laboratories, a biotech firm that breeds and tests cannabis plants. Anandia, of Vancouver, British Columbia, also recently received a “dealers license” from Health Canada that permits it to cultivate cannabis for breeding and strain improvement, as well as to extract and analyze cannabis, according to Business in Vancouver. Anandia hopes it can turn some of that research and development into salable products. The company is especially interested in creating pest-resistant strains, Business in Vancouver reported. ... Canadian medical cannabis biotech firm to get CA$4 million infusion is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs