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This Canadian Marijuana Grower Is Looking for a Loan

  • If company was producing tomatoes debt would be easy, CEO says
  • Canadian legalization, overseas expansion sales driver
Marijuana in Pueblo county
Photographer: Matthew Staver/Bloomberg

Now that Canada’s Canopy Growth Corp. has become the first marijuana grower to trade on a major North American stock exchange it’s gearing up for its next big challenge: convincing banks to lend it money.

The company is looking to fund expansion as it grows internationally and Canada inches closer to full legalization of the drug that’s now allowed for medical use, Bruce Linton, chief executive officer, said in an interview July 25.