Major Canadian MMJ Merger Closes

Tweed Marijuana has completed its blockbuster acquisition of Bedrocan Cannabis, creating a dominant force in Canada’s MMJ industry. The all-stock deal between the publicly traded companies was valued at roughly $61 million Canadian dollars when it was announced earlier this year. Bedrocan shareholders own about 40% of the new company, while Tweed shareholders own 60%, according to 24/7 Wall St. The merged company has more than 5,600 MMJ patients as…

Read more Leave a comment