Federal Cannabis Funding
Saskatchewan cannabis nursery Mother Labs’ recent success securing 1.8 million Canadian dollars ($1.4 million) in federal funding shows how Canada’s cannabis industry can benefit from government financing at a time when capital is scarce.
Public records show that cannabis business funding has been made available from a range of Canadian federal government bodies for applications including business development, expansion and research.
The investment in Mother Labs was announced in late June, alongside funding to 10 other Saskatchewan businesses.
Mother Labs’ government funding comes in the form of an interest-free loan meant to match funds from the company.
Bourassa said the nursery has a three-year window to execute its project using the funds, followed by a five-year repayment period.
The loan is interest-free as long as payments are made on time.
Canadian cannabis companies in search of government funding might consider exploring Canada’s Open Government database, which lists grants and contributions from various federal departments and agencies to cannabis companies including laboratories, processors and producers.
Show Notes:
How a Canadian cannabis nursery got nearly CA$2 million in federal funding
https://mjbizdaily.com/how-a-canadian-cannabis-nursery-got-nearly-ca2-million-in-federal-funding/
How to choose a cannabis investor
https://mjbizdaily.com/cannabis-investor-funding/
Guest:
Kat Glogowski, Attorney & Angel Investor
https://www.linkedin.com/in/katrinaglogowski
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 1014 The #TalkingHedge…
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Beat | Keep On | 2020
Artist: Milochromatic Beats
&
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018
Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
