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Jacob Securities leading Australian investment tour of Canadian weedcos following MMJ spike

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Submitted by Marijuana News on Thu, 03/12/2015 - 09:10

Canadian medical marijuana companies are buzzing with news that one of Canada’s leading investment banks, Jacob Securities, is walking a group of Australian investors through the local scene with a view to either bringing an established North American brand onto the ASX, or putting together a large buy-in of an established local player.

Jeff Maser, VP of Institutional Sales at Jacob, told Stockhouse this morning, “Yes, we’re introducing [an Australian investor group] to the MMJ companies.”

“Money from all over the world is coming to Toronto. [The city] has become a global leader in marijuana finance, even for marijuana companies operating outside Canada.”

Securities lawyer Andrea Hill, from Toronto-based Wildeboer Dellelce, says she's noticing the Australian ripple turning into a wave too.

"I have noticed this phenomenon too," Hill told me this morning, explaining she has recently "received calls from reps of Australian companies interested in partnering with/investing in Canadian...

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