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January 3, 2021 at 10:55 am You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. Friends, We just wrapped up the first year of gains for cannabis stocks since 2017, with the New Cannabis Ventures Global Cannabis Stock Index rising 5%. While the return for the year wasn’t impressive, 2020 ended strongly, with 4th quarter gains of 62%. In May, we described what we thought at the time was the beginning of a new bull market for cannabis stocks, and we expect the positive trends to continue in 2021. We detailed our positive outlook for American cannabis operators last week, and this week we want to share a broader perspective. Those who have followed the cannabis industry certainly appreciate how it never follows the script. Here a ....
At the same time, Canada is experiencing growth from the derivatives market as cannabis 2.0 begins to make traction in the latter part of the year. Besides that, the U.N. has deemed cannabis as a medicinal drug and removed cannabis from the dangerous drug schedule it was before. Currently, Mexico is in the process of becoming one of the worldâs largest additions to the cannabis market. This is due to an upcoming vote that will legalize recreational use throughout the country. All signs in 2020 point to the possibility of growth for the cannabis industry in many aspects.Are Pot Stocks A Good Investment For 2021? ....
Cannabis Mergers and Acquisitions Are Heating Up, With More Than $600 Million in Deals Announced Last Tuesday Alone and That’s on Top of Additional Transactions Unveiled Since the 2020 U.S. Election Last Month New York-based Multi-State Operator (MSO) Columbia Care (CSE:CCHW) (OTCQX:CCHWF) (FSE: 3LP) announced Tuesday it reached a deal to acquire privately-held Green Leaf Medical for $240 million, expanding its presence in the Mid-Atlantic. Ayr Strategies (CSE:AYR) (OTCQX:AYRSF), of New York and Toronto, announced a $290 million all-stock acquisition of Florida-based Liberty Health (CSE:LHS) (OTCQX:LHSIF) (FRA: S6UQ and a $101 million acquisition of a licensed New Jersey MMJ operator with three dispensaries. On top of that, on December 16, leading Canadian Licensed-Producers (LPs) Aphria (TSX:APHA) (NYSE:APHA) (FRA: 10E) and Tilray (NASDAQ:TLRY) (FRA: 2HQ) announced plans to merge in a deal that would create the world’s largest cannabis operator based on p ....