A $10 billion marijuana producer just spun off its venture arm in the hopes it will become the ‘Google Ventures of cannabis’ (RIV)
Posted on: September 24, 2018, by : admin
Blair Gable/Reuters
Canopy Growth, a $10 billion Canadian marijuana firm, is spinning off its venture-capital arm, which began trading at $18.44 per share Thursday morning Canopy Rivers makes minority investments in burgeoning marijuana companies as part of its goal to become the ‘Google Ventures of cannabis.’ Watch Canopy Growth trade in real time here.
Canopy Rivers, the venture-capital arm of Canopy Growth, made its debut on the Toronto Stock Exchange Thursday morning at $18.44 per share.
The company, which makes minority investments in burgeoning marijuana companies, in an attempt to become the “Google Ventures of cannabis,” found its way onto the exchange via a reverse takeover with a company formerly known as AIM2 Ventures.See the rest of the story at Business Insider
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