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National Cannabis Industry News    Search Industry News: 
Marijuana Business Daily | November 8, 2017
 Leading US marijuana retailer LivWell takes significant ownership stake in Canadian producer


Matt Lamers
One of the largest marijuana retailers in the United States has acquired a significant equity stake in an Alberta cannabis producer, a move that could pave the way for other U.S. companies to enter the Canadian market. Denver-based LivWell Enlightened Health purchased the undisclosed stake in Lethbridge, Alberta-based 51st Parallel, Marijuana Business Daily has learned. The deal essentially makes the Canadian company a LivWell affiliate. Executives from the two privately held companies confirmed the transaction but declined to disclose the financial terms of the deal. ....
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