“We are confident that (this) will position us as a leader in the world's largest regulated cannabis distribution system, in California.”
Opportunities in California market outstrip Canadian potential: CEO Marc Lustig
CannaRoyalty will provide 180 Smoke, a Toronto-based seller of vape products, with up to $2.5 million to expand its operations across the country.
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.
CannaRoyalty, known for financing and investing in marijuana companies, hopes to validate and eventually commercialize research.
U.S. Attorney General Jeff Sessions threw the industry into confusion with a memo on Thursday that rescinded an Obama-era policy discouraging federal prosecutors from targeting states where the…
Canadian cannabis firms seeing boons as recreational legalization expected this year
CannaRoyalty is purchasing Kaya Management and Alta Supply, which manufacture and distribute marijuana vaporizer pens, chocolate and other products.
Marijuana investment firm has built up portfolio with a mix of 20 cannabis growers and related companies in recent months.
An Ottawa company that finances and invests in marijuana enterprises says it plans to use a new $12-million credit facility to acquire stakes in pot-producing and processing firms.