Maricann Group announced a double-dose of positive news this week.<\/p>\n
The Toronto medical marijuana producer and distributor (Canadian Securities Exchange: MARI<\/a>) said it\u00a0agreed to purchase<\/a> biotech company NanoLeaf Technologies for 38.5 million Canadian dollars ($30 million).<\/p>\n Maricann also secured up to CA$35 million<\/a> in funding through a private placement of convertible debt.<\/p>\n Under the acquisition, shareholders of Toronto-based NanoLeaf will receive some 18.3 million common shares of Maricann stock at CA$2.10 per share. Maricann will also loan NanoLeaf CA$1.6 million in cash.<\/p>\n NanoLeaf, through its licensing agreement with Vesifact AG of Switzerland, has<\/p>\n …<\/p>\n Canada\u2019s Maricann buys biotech firm, raises CA$35M to up capacity<\/a> is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs<\/a><\/p>\n
Maricann Group announced a double-dose of positive news this week. The Toronto medical marijuana producer and distributor (Canadian Securities Exchange: MARI) said it\u00a0agreed to purchase biotech company NanoLeaf Technologies for 38.5 million Canadian dollars ($30 million). Maricann also secured up to CA$35 million in funding through a private placement ofContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":79,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[33,4,682,5,964,1331,828,1088],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/18844"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=18844"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/18844\/revisions"}],"predecessor-version":[{"id":18845,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/18844\/revisions\/18845"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=18844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=18844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=18844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nRead More: Canada\u2019s Maricann buys biotech firm, raises CAM to up capacity<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"