New cannabis listings slow to trickle as borrowing rises

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The slump in pot stocks hasn’t affected the amount of financing activity in the space this year, but it’s had a dramatic impact on the type of deals being done. The Canadian Securities Exchange, which lists 173 cannabis stocks, closed 614 financings worth $2.47 billion through September compared with 622 worth $2.57 billion for the same period last year. Of the money raised, 78 per cent went to pot companies, unchanged from last year.

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