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Canopy Health raises C$7M, appoints president

Canopy Health Innovations closed a C$7 million stock offering to advance medical cannabis research.

The incubator, which was recently formed by Canopy Growth Corp. with help from private investors, will be led by Marc Wayne as founding president and director.

Wayne will step down as Canopy Growth's managing director and Bedrocan Canada Inc.'s president.

Canopy Health plans to create a portfolio of marketable products for Canopy Growth and its subsidiaries.