Some major players in the Canadian cannabis industry are bankrolling smaller Canadian marijuana companies, using so-called “streaming” deals to finance their growth plans.
The deals could allow those backers to take leading roles in distributing wholesale and retail marijuana under the forthcoming legal regime.
Streaming is a business model traditionally associated with the mining industry. A backer provides upfront money for infrastructure and capital expenditures in exchange for the right to some of the miner’s future production.
Cannabis Wheaton, which identifies itself as “the world’s first marijuana streaming company,” chose its name in reference to well-known silver streaming firm Silver Wheaton, said chairman and CEO Chuck Rifici.
Solomon Israel – CBC News – May 10, 2017.
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