Insider Cannabis Newsletter: May 14
Welcome to Insider Cannabis, where we're bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar cannabis boom.
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Welcome to Insider Cannabis, where we're bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar cannabis boom.
REUTERS/Chris Wattie Top cannabis companies are expected to make big acquisitions in the coming months. Trulieve announced on Monday that it would acquire Harvest in a $2.1 billion deal. Likely future acquisition targets include Vireo Health, Lowell Farms, and TILT, among others. Get ready for more cannabis deals. On Monday, Florida-based cannabis giant Trulieve said it would acquire Arizona's Harvest Health & Recreation in a $2.1 billion deal. That's likely to spark a wave of M&A across the industry, according to analysts and investors, as the biggest cannabis...
Here Are 3 Cannabis Stocks to Consider as They Face Significant Debt Issues As most cannabis company stocks have risen in valuation over the past six months, it's worth looking at those that haven't. Long time cannabis industry investor Viridian Capital Advisors has recently issued a report that suggests looking at cannabis companies that may have a big debt bill coming due and insufficient cash to pay them. Viridian feels these companies have discounted valuations that present an investment opportunity. While there has been a lot of capital flowing into the cannabis industry, most of...