Sentences with phrase «canadian marijuana company»
Not exact matches
Brendan Kennedy, the cofounder of Privateer Holdings, which owns various marijuana companies like Marley Natural and Canadian pharmaceutical - grade cannabis producer Tilray, says his companies are expanding abroad while the U.S. Drug Enforcement Agency and the Food and Drug Administration debate whether or not to treat the plant as a medicine or keep it in the same category as heroin.
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The announcements Wednesday sent shares of the company, which produces and distributes medical marijuana, down as much as 30 per cent on the Canadian Securities Exchange to $ 1.70 per share from Tuesday's closing price of $ 2.49.
Gertner got back into the cannabis business in 2014 with PharmaCan (now Cronos Group), a holding company that acquires or buys minority positions in licensed Canadian marijuana producers.
Brendan Kennedy, the cofounder of Privateer Holdings, which owns various marijuana companies like Marley Natural and Canadian pharmaceutical - grade cannabis producer Tilray, explains how Tilray is already exporting marijuana to countries like Croatia and Australia for use in clinical trials.
The company has signed up about a third of the roughly 200,000 medical marijuana customers in Canada, and Linton said he expected some 3 million Canadians to use legal non-medical pot next year.
Victoria's Emerald Health Therapeutics Inc., a licensed medical marijuana producer, said Wednesday that an unnamed, «Canadian institutional accredited investor» had agreed to buy a $ 25 - million chunk of the cannabis company through a prospectus and secondary sale.
Canaccord has been one of the busier financiers within the Canadian cannabis sector so far — on Thursday one of its latest deals, a bought - deal offering for marijuana company Nuuvera Inc., on which it is one of the lead underwriters, was upsized to $ 45 - million.