Cannabis companies, betting on a Biden win, ready IPOs

  • 📰 Reuters
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

A year ago, Flora Growth Chief Executive Damian Lopez had just spent a chunk of his company's seed capital buying a Colombian cannabis producer, and was fighting his way through the legal and financial hurdles that have made development of the industry such a challenge over...

NEW YORK - A year ago, Flora Growth Chief Executive Damian Lopez had just spent a chunk of his company’s seed capital buying a Colombian cannabis producer, and was fighting his way through the legal and financial hurdles that have made development of the industry such a challenge over the past decade.

“I think the election will be a huge catalyst,” Lopez said on Wednesday. He was busy planning for the initial public offering with investment banking firm Boustead Securities set to be the company’s chief adviser. Today’s outlook is a far cry from 2018, when many Canadian-based players created for last year’s legalization there, as well as expectations of the widespread opening of U.S. markets, faced fines and shutdowns, or were forced to merge, due to regulatory roadblocks that hampered growth prospects.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That's why one shouldn't smoke too much. It's obvious Trump's winning 2020.

Fool me once, shame on you. Fool me twice...

Biden is not going to legalize weed, so I don't know why they think anything is going to change.

while the American state earns tons of money from the marijuana trade. They finance coups d'état in other countries to elect anti-drug right-wing totals! North American imperilism is the evil of the world!

Hahaha Cannabis Industry SMOKING TOO MUCH OF IT'S OWN PRODUCT clearly..... Biden Win after all the corruption is NOW SO CLEARLY EVIDENT EVEN TO THE DUMBWITS who didn't already know this years ago! 47yrs of Corruptness but the last few years with OBAMA have been HUGE!

It's really a desperation play for cannabis...that industry is in shambles right now with very little money to keep it afloat. The venture capital dried up very quickly toward the end of last year.

yeah !!!!!

They Do Realize his Running Mate is Kamala Harris right

Smoke Free EU ✌️

Losing bet.

Well that will go up in smoke... TRUMP 2020!!!

Anyone seen SpeakerBoehner lately?

Ça vous rappelle pas une série NetflixFR ?

You know JoeBiden and KamalaHarris are anti cannabis right ... They have big pharma donating to them ...

Why does he smoke?

Hello! Edibles where are you?

i’m pretty sure california’s crops are gonna taste like dogsht this year.

Rconstantino

Big reveal 🎯

Believe in yourself and focus on your goal , take risk , I took the risk , she has really been a wonderful account manager to me , Markdonaldlis

They should put the pipe down for a minute and realize he isn’t going to win. Explaining the business and job gains to realDonaldTrump would be a better path.

Stay strong Tartar! Armenianarmy bombing civils. Photos from kindergarden and school StopArmenianAggression TartarCity OpenYourEyes StopArmenianTerrorism DontBelieveArmenian

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines