Leading Canadian pot companies Canopy Growth and Aurora have developed secret internal formulas to predict when the U.S. will legalize cannabis or at least make it “permissable” in legal states.
- The companies use the formulas to appropriately value their assets. Canopy has agreed to acquire U.S. Multi-State Operator (MSO) Acreage Holdings once it can legally do so.
- Neither company disclosed its formula or its predictions.
- A lawsuit filed by a rival accuses MSO Harvest of giving inaccurate information on a Pasadena, Calif. dispensary license application which was eventually approved. Harvest said it would contest the suit. ????WW California has more.
- Canna Law Blog discusses the tough questions investors ask companies.