Cannabis IPO raises 60 million Canadian dollars

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Licensed medical cannabis producer CanniMed Therapeutics completed an IPO Thursday, listing on the Toronto Stock Exchange and raising about 60 million Canadian dollars ($45 million).

The company, based in the central Canadian province of Saskatchewan, sold five million shares for CA$12 per share, according to a press release.

CanniMed is the second marijuana-touching company listed on the Toronto Stock Exchange, which is the only major North American exchange that lists marijuana-touching companies. In July, Canopy Growth Corp. of Ontario, Canada, became the first marijuana-touching company to list on a major North American stock market when it listed

Cannabis IPO raises 60 million Canadian dollars is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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