Canadian cannabis deals boost boutique investment banks in first quarter

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TORONTO (Reuters) – A slew of equity capital markets offerings in the cannabis sector helped smaller Canadian investment banks and boutiques climb up the league table rankings in the first quarter, according to Thomson Reuters data released on Thursday. Cannabis-related offerings accounted for about 24 percent of overall Canadian deal activity in a the first quarter, when the total dropped 40.5 percent from a year ago to C$7.5 billion, the data showed. Volumes were largely hurt by weakness in the heavyweight energy sector. It was the slowest first quarter since at least 2014. Canadian cannabis deals boost boutique investment banks in first quarter

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