Cannabis and Big Banks: The Right Blend
(Panel Discussion) On January 17, 2018, Canopy Growth Corporation announced that BMO Capital Markets and GMP Securities are leading its $175 million bought deal offering of roughly five million shares. The Bank of Montreal’s participation in a major financing deal with a licensed marijuana producer marks a massive policy shift for Canada’s biggest banks, which may be warming up to the cannabis sector. Until recently, Canadian banks have been reluctant to service the country’s cannabis industry, leaving smaller banks and financial institutions to cash in on cannabis companies’ financing and commercial banking needs. Join our expert panellists who will discuss:
· barriers that have prevented big banks from financing cannabis companies in the past;
· challenges big banks will face when working with cannabis companies; and
· things cannabis companies can do to attract big banks to finance and work with them.