The Hydropothecary Corp.'s share price closed up 13 per cent Wednesday after the company said it had struck a cannabis supply deal with the Societe des alcools du Quebec.
The Ottawa e-commerce firm has also found success on social media this week after Instragram said it would expand its Shopify-powered product tag across Canada.
Several local pot companies were signing significant deals that are expected to generate hundreds of jobs and collectively lead to millions of dollars in revenues.
Canaccord Genuity's third-quarter earnings got a major lift from a flurry of deals in the Canadian cannabis sector – including a few locally.
Hydropothecary has locked down a previously announced bought deal placement, with investors taking an over-allotment option for an extra $20 million in financing.
The country’s largest pot producer plans to get even bigger with a record-setting bought deal financing round.
Hydropothecary says it’ll soon be ready to tackle the national marijuana market after raising the largest deal of its kind in Canadian cannabis history.
In a move that would more than double its Gatineau footprint and quadruple its production capacity, cannabis grower Hydropothecary Corp. says it plans to construct an enormous new greenhouse.
A breakdown of who was up and who was down during Ottawa earnings week.
Firm breaks ground on new $25M growing facility with plans to capture 10% of domestic recreational market