Capital Mining Ventured Into Medical Marijuana In Canada

670px-medical-marijuana-sign-300x163Mr Moeller told Fairfax Media the company hopes to become a market leader in Australia, where policy makers are still grappling with how to approach regulatory change.

Capital Mining has agreed to pay $7 million in cash plus $25 million worth of stock options for a 49 per cent stake in Broken Coast Cannabis in a reverse takeover deal. The new entity will also buy 100 per cent of Vancouver-based Cannan Growers for $250,000 cash plus $1 million in stock options.

To read more, visit http://www.smh.com.au/business/markets/canada8217s-broken-coast-cannabis-to-list-on-asx-20150308-13y62e.html

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