Thursday, January 18, 2018

BMO Marks First Foray by a Major Canadian Bank in Marijuana Sector with $175M Deal

The big banks may be starting to warm up to the marijuana sector amid a spree of fundraising deals. Bank of Montreal broke new ground Wednesday for the “Big Five” Canadian lenders with its participation in a major marijuana deal. Smiths Falls, Ont.-based Canopy Growth Corp., Canada’s largest licensed producer of medical cannabis, announced a bought deal Wednesday of a little more than five million shares of the company, valued at approximately $175 million. Canopy…

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