Grand-Bassam buying Cannabis

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Grand-Bassam buying Cannabis

A troubled cannabis company founded by Kuwaiti billionaire Bassam Alghanim has sold its assets in the small West Boundary community of Midway. BZAM Ltd. Primarily, this involved the installation of a five kilometre long, three-metre high, ring-lock security fence surrounding a 0. In , BZAM bought the historic, but at that time vacant, Hotel Midway — the scene of a wild-west shootout in the summer of that left hotelier Charles Thomet dead. The purchases were among a string of Canada-wide cannabis deals struck by BZAM, whose chairman and largest shareholder is Alghanim. Alghanim, the Los Angeles consul for the Caribbean island nation of St. The University of California, Berkeley, graduate ran the family business for a while, but now lives in L. Start your day with a roundup of B. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. We encountered an issue signing you up. Please try again. It was sold last July to Abbotsford businesswoman Carissa Boynton, who is now using its six upstairs rooms for short-term rental accommodation. Boynton said the hotel was in good condition when she bought it, and she is hoping to attract a partner to operate the kitchen and bar. Guests are able to use the bar area, likely not knowing that Thomet — a former B. Provincial Police officer — was killed there by two masked men who fled by horse over the nearby border and were never located. According to BZAM, competition and fragmentation of the Canadian cannabis industry as well as financial underperformance and pressures from taxes owing had forced the company to restructure its business. As of June 26, shares were trading at 3. At their peak on Jan. As of June 26, a CLC share was worth three and a half cents. Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. This website uses cookies to personalize your content including ads , and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. You can manage your saved articles in your account and clicking the X located at the bottom right of the article. Search vancouversun. Advertisement 1. This advertisement has not loaded yet, but your article continues below. Share this Story : Kuwaiti billionaire's exit from small B. Advertisement 2. View more offers. Recommended from Editorial. Kuwaiti billionaire is the new big player in B. How the federal government has milked the cannabis business almost to death. Eight great and relatively affordable places to retire in B. There was an error, please provide a valid email address. Thanks for signing up! Advertisement 3. Advertisement 4. You must be logged in to join the discussion or read more comments. Create an Account Sign in. Join the Conversation. Fight breaks out in B. Port Moody teacher killed when home swept away in atmospheric river. Election: How the vote recount will work. Latest National Stories. Featured Local Savings. Notice for the Postmedia Network. You've reached the 20 article limit. You can manage saved articles in your account. Looks like you've reached your saved article limit!

Kuwaiti billionaire's exit from small B.C. town leaves pot farm and hotel in local hands

Grand-Bassam buying Cannabis

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Grand-Bassam buying Cannabis