Dec 31, 2020 at 7:40AM
This past year has been a good one for many stocks despite the pandemic. Some businesses benefited from people staying at home, while it became evident that others were made for a digital and cloud-based world. Heading into 2021, some of the trends from this past year will likely continue while other opportunities will also emerge whether it s a result of a return to normalcy in people s day-to-day lives or the marijuana industry opening up to business.
For investors looking to be aggressive and tap into next year s growth opportunities, there are three stocks you should consider investing in today:
GrowGeneration Acquires Assets of Canopy Crop Management
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Company expands its portfolio of private label products within the nutrient and additive space, acquiring the Power SI brand of silicic acid-enriched fertilizers
DENVER, Colo., Dec. 23, 2020 /PRNewswire/ -
GrowGeneration Corp. (NASDAQ: GRWG), ( GrowGen or the Company ) the nation s largest chain of specialty hydroponic and organic garden centers, today announced it has acquired Southern California-based Canopy Crop Management and its complete portfolio of products, including the Power SI brand of silicic acid-enriched fertilizers. Established in 2019, Canopy Crop Management is recognized as the industry s leading silicic acid company. Power SI will continue to be sold through Canopy Crop Management to all hydroponic retail stores including Grow Generation s 39 locations.
Aphria (NASDAQ:APHA) and
Tilray (NASDAQ:TLRY). Benzinga spoke with Aphria CEO and chairman
Irwin D. Simon, who will maintain those two positions in the new company, and Tilray CEO
Brendan Kennedy, who will serve in the new corporation’s board of directors. The executives shared details on how the deal came to be, and their expectations for the future, which, they say, doesn’t include massive layoffs.
Cantor Fitzgerald’s analyst Pablo Zuanic praised the merger. The Canadian cannabis sector is in need of consolidation due to the oversupply problems and “historically low flower retail prices,” he explained.
Green Market Report CEO Debra Borchardt told Benzinga the Aphria/Tilray merger “was certainly a good deal for Tilray shareholders, while the Aphria shareholders will probably have to wait a bit before they see the benefits of this deal. The combined company will definitely be a powerhouse of revenue, there is no question about that.”
The Week In Cannabis: Tilray-Aphria Merge, Aurora Continues Layoffs, Financings, Earnings, M&A Benzinga 12/18/2020
Aphria (NASDAQ: APHA) and
Tilray (NASDAQ: TLRY). Benzinga spoke with Aphria CEO and chairman
Irwin D. Simon, who will maintain those two positions in the new company, and Tilray CEO
Brendan Kennedy, who will serve in the new corporation’s board of directors. The executives shared details on how the deal came to be, and their expectations for the future, which, they say, doesn’t include massive layoffs.
Cantor Fitzgerald’s analyst Pablo Zuanic praised the merger. The Canadian cannabis sector is in need of consolidation due to the oversupply problems and “historically low ï¬ower retail prices,” he explained.
Mergers & Acquisitions Heating Up in Cannabis Cultivation Market That Could Exceed $350 Billion By 2027
PALM BEACH, Fla., Dec. 16, 2020 /PRNewswire/ After it being reported that big Cannabis companies such as Aphria and Tilray were discussing the possibility of a merger, no wonder the cannabis industry has the caught the attention of many as growth in the industry is expected in the years to come. The various cannabis global markets have shown substantial growth over the past few years, and projected to continue for years to come. The increase in demand by consumers and the legalization around the world has been fueling the expansion of the needed increase in supply for flowers, recreational, medicinal, oils and infused products. The need for its source… cannabis… is driving the market to increase cultivation. Cannabis cultivation is a term that refers to the commercial growing of cannabis. A recent report from industry insider, Grand View Research projected that the global ca