You are here
Home 🌿 Medical Cannabis News 🌿 Weed Merchants Are Taking Over an Australian Mining Company 🌿Weed Merchants Are Taking Over an Australian Mining Company
Warning message
The subscription service is currently unavailable. Please try again later.The reverse takeover provides the U.S. and Canadian companies with an entry to the Australian equity market.
Like many Australian mining specialists that once hoped to capitalize on demand for the country’s resources, Canberra-based Capital Miningis something of a zombie company, with a stock price worth less than a penny. An unlikely savior is in the wings: A group of U.S. and Canadian companies is preparing a reverse takeover to transform Capital Mining into a yet-to-be-named venture that will focus not on gold but on pot, specifically marijuana for medicinal use and hemp products for foods and cosmetics. The new company will “provide a full range of cannabis products,” says Michael Sautman, the head of Denver-based Nutrawerx, which will join Canada’s Broken Coast Cannabis and Cannan Growersone in the venture.
A reverse takeover of Capital Mining provides a faster and simpler way to the Australian equity market compared with a more conventional, and expensive, initial public offering....
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin