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Resinco acquires cannabis web application provider Vancity Green List

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Resinco acquires cannabis web application provider Vancity Green List

Resinco Capital Partners Inc. bought British Columbia-based Vancity Green List Inc., which offers a website application that links personal-use cannabis growers with local dispensaries.

As consideration for the acquisition, Resinco issued 15.0 million common shares and Vancity Green List is now a wholly owned unit of the global investment company.

Resinco also canceled its private placement of up to 15.0 million subscription receipts at a price of 20 Canadian cents apiece, citing unfavorable market conditions. The Canadian investor provides early-stage financing to the private and public sectors, including medical marijuana pharmaceutical companies.