Expect More Mergers in the Cannabis Market

Posted by Brian Sparks|August 20, 2020

After nearly a year of very little deal-making, cannabis companies are gearing up for mergers and acquisitions as realistic stock valuations and the prospect of U.S. legalization attract buyers to a sector that has been decimated by oversupply and other issues, executives and investors say.

According to a FinancialPost.com article, profitable cannabis companies want to buy their way into niche segments and expand their brands, betting the November U.S. presidential election will lead to cannabis becoming legal across the U.S.

Distribution deals could also help companies reach consumers who have shown an increased appetite for cannabis products since the onset of the coronavirus pandemic.

Read the entire article here.