For-Profit Canadian Firm Acquires Profitable Arizona MMJ Businesses

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For-Profit Canadian Firm Acquires Profitable Arizona MMJ Businesses

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Canadian Bioceutical Corporation (BCC), a soon-to-be publicly traded firm, and its Nevada subsidiary, CGX Life Sciences, expects its purchase to provide 323 percent year-over-year growth in profits.

The $27 million deal also includes one of the state’s biggest cannabis-extracts brands and an option to control a cultivation and wholesale business in Nevada, where voters legalized recreational marijuana in November.

“We’ll be expanding cultivation,” BCC President and CEO Scott Boyes said. “There will be more investment, more employees.”

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