GMP Capital Inc. Cumulative Floating Rate Preferre T.GMP.PR.C

Cannabis

[harrywoo]

There were lots of headlines in the past couple of weeks about how BMO, and maybe eventually other banks, were getting into cannabis financings.  BMO co-led the Canopy Growth deal.  But looking into the details, GMP was 40% of the deal and BMO was 25%, and GMP's portion at 4% commission is almost $4mm to them.  This past quarter and Q1 are going to be out of this world.