The Canadian rapper is the latest celebrity getting into the cannabis biz, partnering with a weed business in his hometown of Toronto.
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This story originally appeared on Benzinga
Canopy Growth Corporation (TSX: WEED) announced Thursday that it has partnered with a Canadian rapper and singer Drake for the purpose of launching a new cannabis company More Life Growth Company.
The new company will be located in Drake’s hometown of Toronto, and it will produce cannabis focusing on wellness and personal growth.
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As part of the deal, Canopy Growth has issued shares to certain entities that are controlled by Drake, upon which Drake has obtained a 60 percent ownership of More Life Growth…