Bank of Montreal indications deal that is underwriting Canopy development, rendering it the first major bank that is canadian solution cannabis industry
The lender of Montreal entered into a financing that is major with licensed Canadian cannabis business Canopy Growth, marking an important policy change for major banks in the nation.
Canopy Growth, that is located in Smith Falls, Ont. and is known as certainly one of Canada’s largest licensed cannabis manufacturers, announced its $175-million purchased deal with GMP Securities LP and BMO Capital Markets. BMO is owned by Bank of Montreal.
In its statement, Canopy reported that BMO and GMP led underwriting associated cbd oil high quality with stock purchase involving only a little over five million stocks of this public exchanged medical cannabis business. This marks the extremely time that is first a major bank-owned brokerage in Canada has took part in and headed an equity funding for a cannabis producer. […]