This is the first of a two-part series on the history of Colombia and its route to cannabis legalization.
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Scott Hammon, National Cannabis Practice Leader at MGO, told Benzinga, “Putting the Cannabis 50 together for 2020 was an interesting endeavor. In a year of great adversity and a challenging economic environment there were so many highlights and positive advancements. A theme we heard from almost all of the honorees was cannabis being deemed essential during the pandemic and the huge public sentiment supporting the legalization of cannabis we saw during the Election.
“The MGO Cannabis Practice works with over 400 clients in the space so we are working side by side with our clients as the industry progresses and are experiencing first-hand the challenges and opportunities”
The graph demonstrates a generally positive impact on the stock price of the Buyer in cannabis M&A transactions and this gain seems to relate to the size of the transaction. Cannabis investors appear to favor transformational sized deals that exceed 50% of the pre-transaction asset size of the acquirer.
We calculated the percent change in the acquirer’s stock price from two days prior to an acquisition announcement to two days after the announcement. We then adjusted this by subtracting the percent change in the North American Marijuana Index. In this way we isolated the impact of the announcement from the underlying market movement. This net gain is displayed in the blue bars and measured on the left vertical axis.
The Viridian Cannabis Deal Tracker is an information service that monitors capital raise and M&A activity in the legal cannabis industry. Each week the Tracker analyzes/aggregates all closed deals and allocates each transaction to one of twelve key industry sectors in which the deal occurred (from Cultivation to Brands), the region in which the deal occurred (country or U.S. state), the status of the company announcing the transaction (public vs. private) and the type of deal structure (equity vs. debt).
The Viridian Cannabis Deal Tracker provides the deal data/terms/valuations/structures and market intelligence that cannabis companies, investors, and acquirers utilize to make informed decisions regarding capital and M&A strategy. Since its inception in 2015, the Viridian Cannabis Deal Tracker has tracked and analyzed more than 2,500 capital raises and 1,000 M&A transactions totaling over $45 billion in aggregate value. Find it exclusively on Benzinga Cannabis every week!
The Benefits of Using Hemp in the Construction and Textile Industries We are only now harnessing the industrial hemp plant s potential as a rotating crop with regenerative agriculture qualities, says Steve DeAngelo. Free Book Preview
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By Natán Ponieman and Javier Hasse. Originally published on Ámbito Financiero via El Planteo. Translation via Benzinga.
Ever since the cannabis legalization process began to gain global momentum, much has been said about its medicinal and therapeutic potential, as well as the huge market that awaits behind the doors of adult-use regulation.