Capital shortages in the mining sector are not a new concept. Shovel-ready mine development projects can sit dormant for long periods of time. Now, the US cannabis companies are feeling a similar frustration, thanks to federally hamstrung bankers.
In both sectors, a need for financial creativity has arisen over the years. In Canada, the mining sector had plenty of projects on standby that have finally received a green light as of late. As for cannabis companies in the US, not looking to dilute their shares, a similar solution has arisen.
Plenty of mining projects have benefitted from the royalty financing model, championed by companies such as Auxly Cannabis (TSXV:XLY) (OTC:CBWTF), Canopy Rivers Corporation, Franco-Nevada Corporation (NYSE: FNV) (TSX: FNV), and CannaRoyalty Corporation (CSE:CRZ)(OTC:CNNRF).
For the US …View the full post at: Striking Similarities Between Mining and Cannabis Industries Leads to Financing Opportunities …
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