Home > Canada's Largest Banks Support Pot Companies

Business
Canada's Largest Banks Support Pot Companies

Description

According to Business Insider, some of Canada's largest banks are writing large checks to support pot companies. Two of Canada's biggest banks, the Bank of Montreal and the Canadian Imperial Bank of Commerce provided an $80 million loan to PharmHouse, a joint venture owned in part by Canopy Growth's venture arm. Chuck Rich, a partner at the law firm Cassels Brock & Blackwell LLP, which advised PharmaHouse on the deal, said that the funding is a sign that Canada’s top banks are “open for business in the marijuana industry.

Added on the 09/01/2019 19:27:02 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • 'The banks are in pretty good shape,' Biden says

    "The banks are in pretty good shape," US President Joe Biden says during a visit to Canada, following recent turmoil in the US banking system. SOUNDBITE

    24/03/2023 - AFPTV - First images
  • Costa Rica and Spain honor Spanish companies for their support against covid

    San Jose, Mar 26 (EFE), (CAMERA: Douglas Marin).- The Secretary of State for Foreign Affairs for Latin America and the Caribbean of Spain, Cristina Gallach, and the Foreign Minister of Costa Rica, Rodolfo Solano, paid tribute Friday to Spanish companies for their contribution to the fight against the COVID-19 pandemic in the Central American country.

    26/03/2021 - EFE Inglés
  • World's largest technology companies in the spotlight

    San Francisco (US), Dec 12 (EFE).- In 2020: the US Government has sued Google for anti-competitive practices, opening the door to a process which is expected to last for years. It is the symptom of the end of an era for the world's largest tech companies. Google, Amazon, Apple and Facebook, which were giants in March, have become titans due to the pandemic. Jeff Bezos, the founder of Amazon, is the richest person in the world, according to Forbes. His fortune has skyrocketed with Covid-19, as well as Mark Zuckerberg's (Facebook), Larry Page's and Sergey Brin's (Google).SOUNDBITES OF REBECCA HAW ALLENSWORTH, PROFESSOR AT VANDERBILT LAW SCHOOL; SHUBHA GHOSH, PROFESSOR AT THE SYRACUSE UNIVERSITY COLLEGE OF LAW; AND MARK MCCAREINS, PROFESSOR AT KELLOGG SCHOOL OF MANAGEMENT AT AT NORTHWESTERN UNIVERSITY.

    12/12/2020 - EFE Inglés
  • FBI Nabs Amazon Employee Who Loved Issuing Refunds--To Himself

    Vu Ang Nguyen worked as a selling support associate for Amazon.com in Tempe, Arizona. That gave him the power to manually authorize refund requests. And according to Business Insider, he sure did. A lot. Nguyen was arrested and charged with fraud last week after the company reported him to the FBI. Federal prosecutors say in court documents that Nguyen used his position to issue $96,508 in fraudulent refunds to himself and friends. Nguyen allegedly used eight fake buyer accounts to purchase expensive computers and electronics before issuing more than 300 refunds to the accounts. He then funneled the money to himself and his associates without returning the electronics.

    06/10/2020 - Wochit
  • Aluminum companies revive to support essential industries

    Mexico, Jun 4 (EFE).- Mexican aluminum companies, which move around 15,000 million dollars a year, have begun to reactivate to support their essential customers in the automotive, food, beverage, and medicine sectors during the coronavirus pandemic. (CAMERA: Miguel Ángel Andrade)

    04/06/2020 - EFE Inglés

More videosBusiness

Watch video of The Post-Brexit Recovery Across European Markets Has Stalled With Major Share Indexes Mixed And Safe-haven Demand For Precious Metals Helping The Price Of Silver Surge To A Near-two Year High.  But,  As Sonia Legg Reports, Trading Volumes Were Light Becasue Of The July 4 Public Holiday In The United States. - European shares end post-Brexit rally - Label : Reuters EN -
Business

European shares end post-Brexit rally

04/07/2016 15:56:29

Watch video of BP Slumps To Its Worst Annual Loss In 2015, The British Oil And Gas Company Announces, And Says It Will Cut Thousands More Jobs In The Face Of A Deep Rout In Oil Prices. Hayley Platt Reports - Oil prices drag BP to worst annual loss - Label : Reuters EN -
Business

Oil prices drag BP to worst annual loss

02/02/2016 14:51:34