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Cannabis company INDIVA Corporation is actively navigating the process of becoming licensed to cultivate medical marijuana. As part of its business activities, the company has entered into a reverse-takeover deal with Rainmaker Resources Ltd., which includes equity funding of $15 million that is partly earmarked for helping INDIVA expand its production facilities.

INDIVA was founded by President and CEO Niel Marotta (BCom'96) who previously served as a resource-company executive and an investment banker. The new company aims to be listed on the TSX.