The biggest name in cannabis is taking a tech venture public - News Summed Up

The biggest name in cannabis is taking a tech venture public


Bruce Linton, co-founder of Canopy Growth Corp., the Smith Falls, Ontario-based cannabis company with a market value of $14.8 billion ($11.3 billion U.S.), is also co-chairman of Martello Technologies Group Inc. The software services company begins trading Wednesday on the TSX Venture Exchange through a reverse takeover under the symbol MTLO. Linton has known Matthews for about 30 years. How one small Ontario town became the cannabis capital of CanadaCanada’s marijuana millionaires surprised by stock surgeMartello had a market value of about $25.7 million based on 171.9 million shares outstanding at the close of the RTO. Canopy, then known as Tweed Marijuana Inc., had a market value of about $29 million when it began trading in April 2014.


Source: thestar September 12, 2018 17:37 UTC



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