TORONTO, Aug 25 (Reuters) – Shares of Canadian medical
marijuana producers Bedrocan Cannabis Corp and
OrganiGram Holdings Inc jumped as they began trading on
the TSX Venture exchange on Monday with investors expecting
fast-growing demand in the fledgling industry.
The companies are the first major alternatives to Tweed
Marijuana Inc, which was listed in April. The offerings
mean three of the 13 medical marijuana producers licensed by
regulator Health Canada are now public.
TORONTO (Reuters) – Canadian medical marijuana producer OrganiGram Inc is set to go public on Monday, its chief executive said, the second such firm to list on the venture exchange next week, highlighting investor appetite for a high-growth industry.
OrganiGram and Bedrocan Cannabis Corp both plan to list on Aug. 25. The two firms, via reverse takeovers, will join Tweed Marijuana Inc on the TSX Venture Exchange giving investors in public markets three licensed producers to choose from. Tweed went public in April and is valued at C$100.8 million ($92.11 million).
TORONTO, Aug 20 (Reuters) – Canadian medical marijuana
producer Bedrocan Cannabis Corp is set to go public on Monday,
offering investors an alternative to Tweed Marijuana Inc
in the nascent market, according to two sources familiar with
the company’s plans.
The company has received an approval to list, under the
ticker symbol “BED”, on the Toronto Venture Exchange and will do
so in a reverse takeover, the sources said.
TORONTO, Aug 12 (Reuters) – Canada’s main stock index was
little changed on Tuesday, as advances in gold miners and
financial companies helped offset a decline in energy producers.
Shares of gold producers benefited as the price of bullion
rose after a report showed economic sentiment among analysts and
investors in Germany hit a low point on worries over the impact
of the Ukraine crisis.
TORONTO, Aug 12 (Reuters) – Canada’s main stock index rose
on Tuesday, headed for a third straight winning session, as a
jump in gold-mining shares and gains in financials helped
provide support to a market fixated on geopolitical tensions in
Ukraine and elsewhere.
Shares of gold producers benefited as the bullion price was
up after a report showed economic sentiment among analysts and
investors in Germany hit a low point on concerns about the
impact of the Ukraine crisis.
TORONTO, Aug 6 (Reuters) – Four Canadian medical marijuana
producers are working on transactions that will allow them to go
public in the next few weeks, according to industry sources and
filings, giving investors fresh paths into a growing industry.
Mettrum Ltd, OrganiGram Inc, Bedrocan Canada Inc and
PharmaCan Capital, a holding company involved with three
licensed producers, will join Tweed Marijuana Inc, now
the only listed producer, on the TSX Venture Exchange (TSX-V).
TORONTO, June 25 (Reuters) – John Stephenson, a prominent
Toronto-based money manager, said on Wednesday he plans to
launch his own hedge fund, a vehicle he thinks will be
best-placed to take advantage of potential volatility in stock
markets trading near record highs.
A former executive at First Asset Investment Management,
Stephenson expects his first product to be a C$40 million
($36.86 million) North America-focused fund. He hopes to follow
that up with other offerings and sees the money manager playing
an activist role in corporations over time.
TORONTO (Reuters) – By unlocking the once-obscure medical marijuana market, Canada has created a fast-growing, profitable and federally regulated industry with a distinct appeal to the more daring global investor.
About a dozen producers of the drug will find themselves in the spotlight this year as they consider going public or prepare to so through share sales or reverse takeovers to capitalize on recent regulatory changes, investment bankers said.
TORONTO, May 16 (Reuters) – Commercial borrowing by small
and medium-sized businesses in Canada fell in the first quarter,
hurt by higher moderate loan delinquencies and sluggishness in
the transportation and wholesale industries, data from PayNet
showed on Friday.
PayNet, which tracks commercial financing for millions of
North American small and medium-sized businesses, said its
Canadian Business Lending Index slipped to 220 in the first
quarter, from 222 in the previous quarter.
TORONTO (Reuters) – Canadian companies are expected to post solid profit gains when they begin unveiling first-quarter results next week, with robust earnings at energy companies seen overcoming weakness at miners and the materials sector.
Energy companies will benefit from a ramp-up in production, improved prices for Canadian crude relative to global benchmarks, and a rally in natural gas prices.