Wildfire Collective founder Mark Spear reported receiving an internal BMO memo dated August 9 saying the bank—one of the few to work consistently in the sector—was no longer interested in new business with the cannabis industry, regardless of whether companies are licensed. Spear later added the memo “related specifically to retailers and it is unclear how it relates to cultivators.”
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Quick Hits
- No single LP has captured investors’ interest—yet. They’re hoping one will soon. Financial Post
- CEO Brendan Kennedy promised Tilray will hit profitability in Canada in “the next quarter or two.”
Bloomberg