Merger madness: Canada’s marijuana industry enters consolidation phase
Legalization isn’t even here yet and there are signs that the Wild West days of Canadian cannabis are over.
Canada’s cannabis industry is shedding its wild adolescence and maturing into adulthood as it prepares for the legalization of recreational marijuana this summer.
Companies are bulking up, knowing the promise of billions of dollars will draw bigger players and more competition.
That path to adulthood though is expensive and fraught with risk. So, it’s perhaps inevitable that Canada’s cannabis players are looking to mergers to scale up and stave off competition.
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