One of the country’s largest cannabis growers is looking to invest up to $1 million in startups within the budding industry.
Ottawa-area pot producer Canopy Growth and its investment affiliate, Canopy Rivers, are hosting a pitch day next month at the International Cannabis Business Conference in Vancouver.
The Smiths Falls-based firm is looking to invest seed capital in up-and-coming cannabis entrepreneurs, such as micro-growers, retailers, hemp producers and operators of lab-testing facilities who plan to seek the appropriate Health Canada licence.
OBJ360 (Sponsored)
Giving Guide: Help Our Students Program
What we do The Help Our Students Program provides $1,600 awards to hard-working students living in difficult financial circumstances in order to help them graduate high school. The recipients, selected
Charity flow-throughs help major donors stretch
Whether it is in Ottawa, or just about any Canadian city, capital campaigns abound. Hospitals, universities and every charity or foundation in between are seeking millions to meet the needs
Canopy Rivers was formed in April 2017 and raised $26 million, including $5.14 million from Canopy Growth, this past January.
It says it holds a diversified portfolio of cannabis investments that includes a mix of equity, debt, royalty and profit-sharing agreements with licensed producers and pharmaceutical formulators as well as technology and media platforms.
In April, Canopy Rivers invested $5 million in New Brunswick-based cannabis media platform Civilized.
