08:48:35 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,014,099,913
Close 2019-07-23 C$ 8.74
Market Cap C$ 8,863,233,240
Recent Sedar Documents

FP/wire say Canopy, rivals hear U.S. bankers eyeing pot

2019-07-24 09:50 ET - In the News

See In the News (C-WEED) Canopy Growth Corp

The Financial Post reports in its Wednesday, July 24, edition that after years of Canada dominating the world of marijuana finance, the country's head start is evaporating and United States bankers are increasingly answering the call of cannabis companies. A Bloomberg dispatch to the Post reports that for investment bankers willing to work in weed, the opportunity is large. With legalization spreading across the U.S., the marijuana industry is experiencing a wave of consolidation as large companies race to build a national presence. While the federal ban on marijuana has kept big banks largely on the sidelines, veterans of Goldman Sachs Group, Jpmorgan Chase & Co. and Credit Suisse Group are now coming on board. Take, for instance, the MGO-Ello Alliance, a California-based group that has offered accounting and consulting services to the weed industry for the last few years. It just launched a boutique cannabis investment bank called Ello Capital, which the company hopes it will grab some of the banking fees from the surge of marijuana deals. Ello Capital may be followed by the big investment banks if efforts in Congress to legalize marijuana banking are successful.

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