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Australia's MMJ PhytoTech invests in Canada's Weed Me

Australia-based MMJ PhytoTech Ltd. is investing in Canada's Weed Me Inc. as part of MMJ's efforts to expand its Canadian cannabis footprint.

MMJ is subscribing C$2 million in secured convertible debentures in Weed Me. The debentures are convertible into shares and warrants in Weed Me based on a pre-money valuation of about C$10 million.