Since legalization hit the The Golden State and Canada, hundreds of millions of dollars have been exchanged between California companies and their analogues up north. And the numbers are growing. Until now, most of these deals have gone unannounced, we could only speculate on the volume of businesshow much business has was being done. A summer report from the Canadian Securities Exchange offers benchmark information.
MJ Biz
Until now, most of these deals have gone unannounced, we could only speculate on the volume of business. A summer report from the Canadian Securities Exchange offers benchmark information.
MJ Biz
- In the first half of 2019, California companies landed 17% of the $878M transacted between companies listed on the the CSE and American companies. Through 19 financing deals, companies here raised $218M through June.
- One deal of note was Toronto-based DionyMed‘s acquisition of cultivation, retail, manufacturing, distribution and delivery properties from MM Esparza 2. The deal paid the Southern California company $13M, plus $6M in stock.
- California is the market with a higher ceiling. Analysis from MGO/Ello Alliance found that this year about 20 times more venture capital is being invested in the U.S. than in Canada, $1.2B to $60.5M.
