Small-Cap Cannabis Firms Raise Millions in Growth Cash

Steve Gelsi - finance.yahoo.com Posted 6 years ago

Several micro-cap and private companies in Canada have raised millions this week to boost their cannabis businesses as the industry scales up. The transactions come as Canada prepares for the start in mid-October of legal adult use of recreational marijuana. Market participants told Real Money the flurry of deals fits Canada's tradition of financing emerging businesses through small-cap stock, reverse merger listings and private placements.

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