Shares in two of Canada's three
largest cannabis companies were halted on the Toronto Stock Exchange on Thursday.
Not exact matches
MedMen, the
cannabis company with west coast locations from Los Angeles to Las Vegas, wants its flagship store in New York City to contribute to their
larger goal of destigmatizing use and moving beyond «stoner culture.»
On Monday, Constellation Brands — which sells Corona and Modelo and is the third -
largest beer
company in the US — announced it had acquired a 9.9 % stake in the Canadian
cannabis holding
company Canopy Growth.
Almost every week, an American or Canadian
cannabis company announces a
large overseas investment.
The second -
largest specialty coffee chain in Canada, which has struggled to stay competitive in recent years, said on Thursday that it is partnering with National Access
Cannabis, a marijuana retail and dispensary
company.
The
company is now publicly trading on the TSX exchange under ticker symbol «TGOD» after becoming the
largest cannabis IPO to date.
Bottom line: The
company — which is one of the
largest privately held
cannabis companies in Canada — will issue between 20.5 million and 27.4 million units, made up of a common share and a half - share purchase warrant, at $ 3.65.
Cronos Group (CRON) is one of Canada's
largest and most promising
cannabis companies.
Meanwhile, marijuana continued to be on the minds of many executives following Constellation Brands» $ 191 million investment in Canada's Canopy Growth Corporation — the world's
largest publicly traded
cannabis company.
Cannabis entrepreneurs who named their brands after famous
companies like «Girl Scout Cookies» and «Gorilla Glue» to gain popularity in the small medical marijuana economy are now competing in the
larger legal economy.
Just like any
large business,
cannabis companies have a diverse array of positions available within their corporate structure.
A new
cannabis production facility near Edmonton could become one of the country's
largest marijuana growing operations, the
company behind the facility says.