Consolidations across the industry are happening at a rapid pace
Merger and acquisition activity is accelerating across the cannabis industry as more companies land multimillion-dollar capital infusions and ink deals aimed at growing market share.
The momentum is giving more company founders an opportunity to cash out at an attractive price – or leverage the deals to launch their next venture. The flurry of activity is a strong signal that the legal marijuana market is maturing as the industry’s early pioneers begin to exit.
As the first half of 2018 came to an end, more than 145 mergers and acquisitions had been announced since Jan. 1, according to Viridian Capital Advisors, a New York firm that tracks investment activity across the cannabis sector in the United States and Canada.
That’s nearly double the activity that was underway during the same period last year when 79 deals closed, according to Viridian’s Cannabis Deal Tracker.
To Read The Rest Of This Article On MJ Biz Daily, Click Here