Planters Of Cannabis Grow In Numbers In Wall Street As Their Product Goes Public

Terra-tech-oakland-dispensary

Public markets provide an easy and inexpensive source of financing, Peterson said, especially compared with institutional banks and other lenders that aren’t willing risk loaning money to companies engaged in a business that the federal government still considers illegal.  On a public exchange, investors seeking higher-risk, possibly higher-reward, investments can more easily place money.

Terra Tech reached an agreement with Dominion Capital, a New York-based private equity firm, to buy almost all of the stock issued by the company. Dominion profits by gradually selling those shares on the open market. The arrangement was brokered by Aegis Capital Corp.

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