Portland cannabis company in $12.5M Massachusetts expansion deal
A Portland cannabis company has agreed to trade a slice of future revenue for up to $12.5 million to develop operations in Massachusetts. The money is coming from a publicly traded Canadian company, a common source of funding for Oregon industry players. But the structure of the arrangement between Portland-based Diem Cannabis and Vancouver, B.C.-based Tidal Royalty Corp. — no acquisition or dilutive equity stake — is unusual. Under their deal, over the next three years Diem will develop and…
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Portland cannabis company in $12.5M Massachusetts expansion deal
