Seeding a more stable tomorrow – Winnipeg Free Press

Opaskwayak Cree Nation invested $3 million in National Access Cannabis just prior to its first day of trading in September 2017.

The stock price of the company, which intends to build between 50 and 70 cannabis retail locations across Western Canada, has tripled since then.

Obviously, there is no guarantee what future valuations will be, but even with only limited revenue before the Oct. 17 cannabis legalization date, OCN has already booked a sizable return on its investment.

It subsequently loaned the company several million dollars on very favourable terms and invested another $3 million in Trichome Financial Corp., a specialty lender in the cannabis market, giving the band an enviable stake in a dynamic new market that investors are clamouring for a piece of.

Read More: https://www.winnipegfreepress.com/business/seeding-a-more-stable-tomorrow-493209361.html