Deals
U.S. Firm Building a ‘Cannabis Superhighway’ Plans to List in Canada
- MJIC hires Haywood to plan reverse takeover, capital raise
- Expects to list on Canada’s CSE by end of February, CEO says
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MJIC Inc., a pot distributor building a “cannabis superhighway” in California, is planning a Canadian listing by the end of February.
The company, based in Commerce, near Los Angeles, plans to sell shares on the Canadian Securities Exchange via a reverse takeover, Chief Executive Officer Sturges Karban said in a phone interview. MJIC has hired Haywood Securities Inc. to identify a Canadian shell company to enable the deal.