In Booming Cannabis Industry, Look for Even More M&A Activity
Cannabis mega-mergers could create industry giants. Weeks after Tilray and Aphria merged, Trulieve Cannabis just announced its plans to acquire Harvest Health & Recreation in a $2.1 billion all-stock deal. Combined they would be one of the largest cannabis companies in the world in terms of sales, notes Barron’s. Coupled with state and potential federal legalization of cannabis could be substantial news for companies like
Allied Corp. (OTCQB:ALID),
Canopy Growth Corporation (NASDAQ:CGC)(TSX:WEED),
Tilray Inc. (NASDAQ:TLRY), and
Charlotte’s Web Holdings Inc. (TSX:CWEB)(OTCQX:CWBHF).