Ascenta Finance Corp. (Ascenta), an exempt market dealer registered in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario, announced this week the launch of “Bay Street Cannabis,” which is considered as Canada’s first equity crowdfunding portal dedicated to the cannabis sector.
The new portal reportedly provides legal cannabis and cannabis-related businesses, both public and private, with a new avenue for growth and expansion capital and provides Canadians with new access to these investment opportunities.
Marshall Farris, president and dealing representative of Ascenta, stated:
“We are very pleased to be working with a team of industry experts in Canada’s emerging crowdfunding space to launch Ascenta’s first equity crowdfunding portal. We look forward to increasing access to the investment process for companies and investors, both big and small, by launching the Bay Street portal. Equity crowdfunding is a transformative new phenomenon that is beginning to significantly impact investment markets across North America. Bringing investors and cannabis investment opportunities together in one place is a real game changer.”
The portal is supported by KoreConX Corp. Farris commented:
“We are very proud that the street name that symbolizes finance in Canada will now also symbolize a new avenue for Canadian cannabis companies and investors to transact business,” said Farris. “The Bay Street Cannabis Portal is now LIVE at BayStreetCannabis.ca.”
“We are excited to support the Canadian cannabis industry and investment community through regulated equity crowdfunding and we welcome the Bay Street Cannabis portal to our eco-system. Bay Street Cannabis is another great example of a sector that crowdfunding is disrupting to give everyday investors the opportunity to invest and companies the ability to access capital.”