News
Medical marijuana company moves closer to TSX listing
Cannabis company INDIVA Corporation is actively navigating the process of becoming licensed to cultivate medical marijuana. As part of its business activities, the company has entered into a reverse-takeover deal with Rainmaker Resources Ltd., which includes equity funding of $15 million that is partly earmarked for helping INDIVA expand its production facilities.
INDIVA was founded by President and CEO Niel Marotta (BCom'96) who previously served as a resource-company executive and an investment banker. The new company aims to be listed on the TSX.