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
A Gatineau medical marijuana producer says its processed products have been certified as kosher, just in time for one of the High Holidays on the Jewish calendar.
Former B.C. health minister joins Gatineau’s Hydropothecary as corporate social responsibility vice-president
Company says new facility will help push down production costs towards goal of $1 per gram.
With legalization expected to put pressure on prices, local firm among industry leaders in controlling costs per gram.