Blockbuster Trulieve-Harvest Deal Could Revive Cannabis Megamergers
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Big mergers and acquisitions generally have been on hiatus for the past year
After several months of smaller, more focused transactions, Florida-based Trulieve’s $2.1 billion deal to acquire Harvest Health & Recreation could mark a resurgence in cannabis megamergers, industry experts say.
Big mergers and acquisitions generally have been on hiatus for the past year or so amid the coronavirus pandemic, falling cannabis stock prices and close antitrust scrutiny from the U.S. Department of Justice during the Trump administration.
But all of that might be changing under the new Biden administration amid signs the fragmented marijuana industry is again riding a consolidation wave.
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