Canadian PE firm acquires equity in Candre Cannabis
Calgary, Alberta-based Candre Cannabis, which is becoming a licensed medical cannabis producer, has closed a partnership with an unnamed Canadian private equity firm. According to the deal's terms, the private equity firm has acquired common equity in Candre for an undisclosed sum. Also, the investor has provided Candre with access to initial financing for its development plans and will provide strategic advice and facilitate other business development efforts related to the production, distribution and sale of cannabis. The investor also has an option to increase its share to 50 percent of the voting equity in Candre.
22 January 2018•2 mins read
