The Quebec government is calling on international experts to help it get ready when federal legislation legalizing the sale of recreation marijuana comes into force in one year’s time.Dave Chan/The Globe and Mail
Eight Capital switches CEOs after failed cannabis deal
Investment dealer Eight Capital has replaced its chief executive officer in the wake of a failed and controversial transaction for marijuana financier Cannabis Wheaton Income Fund Corp. Story (Andrew Willis and Niall McGee)
MedReleaf's buzz dissipates as stock tumbles in TSX debut
Shares of medical-marijuana producer MedReleaf Corp. tanked Wednesday in its stock market debut amid concerns about lofty valuations in the sector. Story (Niall McGee)
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Charyl Galpin named first female chair of the IIAC
A female executive will be taking the helm for the first time as chair at the Investment Industry Association of Canada. Story (Clare O'Hara)
DAILY DEALS
Banco Santander SA has acquired Spanish rival Banco Popular Español SA in an overnight auction after the European Central Bank determined the ailing lender was near collapse, providing a test of Europe's banking rules enacted after the financial crisis. Story (WSJ, subscription required
Private-equity firm KKR & Co. has pitched a takeover offer for Australian telecommunications company Vocus Communications Ltd. worth about $1.64-billion U.S. Story (WSJ, subscription required)
The U.S. Securities and Exchange Commission will take up to another 60 days to decide whether to allow the sale of the Chicago Stock Exchange to a group of investors led by China-based Chongqing Casin Enterprise Group. Story (Reuters)
ELSEWHERE IN FINANCE
The consumer watchdog for Canada's financial institutions wants clearer information to help homeowners understand home equity lines of credit, a growing slice of household debt that can tempt borrowers to "use their homes as ATMs." Story (James Bradshaw)
Canadian fintech company Mogo has added some celebrity sizzle with a decidedly Dragon flair to its investor list. Story