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Bmo in on $100 Million Financing Deal for Cannabis Company Cronos

It's the second deal BMO Nesbitt Burns has underwritten in the volatile marijuana sector. The Bank of Montreal is delving deeper into the cannabis sector, with investment banking subsidiary BMO Nesbitt Burns Inc. co-leading a $100 million bought deal for marijuana company Cronos Group Inc. The deal, which was announced on Thursday and co-led by GMP Securities L.P., will see the underwriters acquire 10.4 million Cronos common shares, or 12 million if the over-allotment is…


from Cannabis Culture https://www.cannabisculture.com/content/2018/03/24/bmo-in-on-100-million-financing-deal-for-cannabis-company-cronos

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