Canadians Bogart Cannabis Deals In America

There is so much Canadian cannabis investment money right now that it is cascading down into the United States and Canadian investors are easily outbidding domestic acquirers.

Our neighbors north of the border don’t have enough deals to go around in their marijuana markets, so they are buying up whatever companies they can in America and they are happy to pay premium prices.

“We’ve been seeing it for the last seven to eight months and it’s only picking up steam,” said Viridian Capital Advisors President Scott Greiper.

He noted that the Canadian companies are flush with cash that they’ve raised in the public markets and there are only so many deals in Canada for investment. “They are taking an aggressive stance,” he said with regards to chasing after American properties.

Read More at Forbes.com