Post by
RReis09 on Oct 27, 2020 2:04pm
Why the Cannabis Sector is Ripe for More Mergers and Acquisi
Why the Cannabis Sector is Ripe for More Mergers and Acquisi Why the Cannabis Sector is Ripe for More Mergers and Acquisitions PALM BEACH, Florida, Oct 24,2020 /PRNewswire/ -- The cannabis markets continue to grow globally and across the North American markets. In the U.S. with the possible legalization of recreational use on the radar, large marijuana companies are looking at a $22.7 billion national market by 2023, and Canada's direct cannabis market is projected to double to 11 billion Canadian dollars ($8.2 billion) in the next six years. The markets are growing and so are the companies. There are two main ways for companies to grow and they are organic growth of revenues and the shortcut; mergers and acquisitions. Experts expect much more of the latter in the coming months. In fact, the competition has already begun with key M&A transactions in both Canada and the U.S. The activity in Canada is focused on the acquisitions of Licensed Producers (LP) and in the U.S. it's the multi-state operators (MSO). In Canada it has been the consolidation of LPs to grow revenue generation. In the U.S. is the addition of brands and retail outlets that is generating revenue growth. Reply
Comment by
maritimedreamer on Oct 27, 2020 2:09pm
this is like the 12th time you have posted this.... i think we got it
Comment by
RReis09 on Oct 27, 2020 2:26pm
time to celebrate! Blue Wave= Cannabis Deals! The whole sector will Rip Up. Aphria Will kick it off with A U.S MSO Deal!