OAKVILLE, ON--(Marketwired - Oct 20, 2015) -Canadian Cannabis Corp. (CCC) (OTC PINK: CCAN) plans to acquire Hydropothecary Corporation, a licensed producer of cannabis and cannabis oils and licensed distributor of Medicinal Marijuana under the Marijuana for Medical Purposes Regulations (MMPR - license link).

The parties have agreed to general terms, where CCC will pay a total consideration of $21.3 million in cash and stock ($28 million CAD) for 100% ownership in Hydropothecary. CCC has paid an initial $500,000 as a deposit, with the transaction expected to close on November 17, 2015.

Reaction to Justin Trudeau’s win has been coming in throughout the day.

B.C. Premier Christy Clark spoke to the media Tuesday afternoon, thanking Stephen Harper and all the outgoing MPs for their service.

She also congratulated Trudeau on his victory, expressing confidence he will be open to working closely with the B.C. government.

Touching on a number of points including the legalization of marijuana, Clark said “it’s a federal issue and we will work with the government in whatever moves they make on this front.”

With the Liberal Party's electoral victory in Canada, the US's northern neighbors could soon undertake an enormous change in drug policy: marijuana legalization.

The policy was a big part of the Liberals' campaign: "We will legalize, regulate, and restrict access to marijuana. Canada's current system of marijuana prohibition does not work. It does not prevent young people from using marijuana and too many Canadians end up with criminal records for possessing small amounts of the drug."

Shares in publicly traded marijuana suppliers surged in early trading Tuesday, with a Liberal election victory potentially vastly increasing the size of the market that is up for grabs.

During his election campaign, prime-minister-designate Justin Trudeau made it clear that, if elected, one of his early objectives would be the legalization of marijuana – as long as the drug doesn’t end up in the hands of minors.

In campaign literature, the Liberals vowed to design “a new system of strict marijuana sales and distribution, with appropriate federal and provincial excise taxes applied.”

Currently, Canadians can only gain legal access to marijuana for medicinal purposes from licensed suppliers in limited circumstances.

Modern organizations increasingly need networks of expertise, not command-and-control hierarchies

n April 2014, a picture appeared of Liberal leader Justin Trudeau and then-city councillor Adam Vaughan on the front page of the Toronto Star. Taken by the political party’s official photographer, it showed the two men deep in conversation at downtown Toronto bistro.

The federal Liberals’ campaign promise to legalize recreational pot will likely shake up the economics of both the black market and medical cannabis industries, say ...

The federal Liberals’ campaign promise to legalize recreational pot will likely shake up the economics of both the black market and medical cannabis industries, say experts.

But B.C. marijuana advocacy lawyer Kirk Tousaw said the new government will first have to look to other jurisdictions if it wants to be successful at regulating recreational cannabis.

One of the incoming Liberal government’s more high-profile campaign planks is its plan to legalize recreational marijuana use, which raises the spectre that Vancouver’s ubiquitous – and, at least for now, illegal – pot shops could soon bloom across the country.

But long-time MP and recent Liberal health critic Hedy Fry said any move to allow storefront sales of cannabis – whether at retail shops or pharmacies, or both – would need approval from an upcoming task force comprising municipal, provincial and federal politicians, law enforcement, and public health and addiction experts.

Shares in all of Canada’s major listed cannabis companies surged on Tuesday, as the market reacted to Trudeau’s pledge to legalise recreational use

Among the biggest corporate winners from Justin Trudeau’s surprise victory in the Canadian election is the nation’s cannabis industry.

Shares in all of Canada’s major listed cannabis companies surged on Tuesday, as the market reacted to Trudeau’s pledge to legalise recreational cannabis use.

Last night's election guaranteed Canada a change in government.

But more than just different faces, Canadians can expect a change in philosophy from Ottawa.

One area that could see substantive change is marijuana laws.

On the campaign trail, Trudeau promised he'd get working on legalizing pot right away; however, it's unclear what rate it will be taxed at, how it would be controlled and when it would kick in.

Once it does, It could have a profound effect on people currently facing marijuana possession charges.

Criminal defense lawyer Greg Brodsky said punishment is based on the law at the time of sentencing, not what the law at the time of the crime.

"My advice to everyone is hold your breath, and postpone your case," said Brodsky.

Donovan Hastings at Head 2 Head Novelties in Regina