Post by
CommonCentsforDollars on Apr 04, 2021 10:08pm
Sector M&A activity continues
Oddly it is Canopy Growth that quietly buys Ace Valley, a Canadian company for an undisclosed amount. Apparently Ace Valley has a consumer following but for myself I have never heard of them before. I see on the OCS they are mainly vapes, a few pre-roll selections and gummies. A strange acquisition, but the activity continues as the sector consolidates.
eom
momo
Comment by
Veterantrader64 on Apr 05, 2021 1:18am
Wouldn't surprise me to see Vivo picked up by one of the major players. They could have a great thing going there if they had some better management. At $0.16 per share, there's not much to lose.
Comment by
CommonCentsforDollars on Apr 08, 2021 11:34am
Less than a week later. Canopy makes another acquisition, Supreme. I wonder if when TLRY/APHA completes this merger if King Irwin has a "next" on his hit list of M&A activity. What else is in the oven? eom momo