Toronto-based cannabis lifestyle brand MoCanna said Canopy Growth Corp (TSX: WEED, NYSE: CGC) will lead its Series A financing with a $2 million investment. The $5 million round is expected to close next month. Cannaglobal, a Canadian cannabis venture capital firm and MoCanna's largest shareholder, will also invest. Founded by Chairman Lorne Gertner and led by CEO Shauna Levy, MoCanna is the company behind byMinistry, which aims to integrate cannabis consumption lounges, dispensaries and convenience stores. ByMinistry's Toronto location, which will open in early 2020, is intended to be the first of several created across North America over the next five years.
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