The pot industry faces a “massive inflationary bubble,” Canopy Growth’s CEO said at the World Economic Forum.
Cronos has entered into a credit agreement with with Canadian Imperial Bank of Commerce and the Bank of Montreal.
The California cannabis brand is building a war chest to fund production and expansion with investments from California legends Carol Bartz and Joe Montana.
The company is now able to control the means of production from start to finish.
Tilray will buy the Leamington, Ontario-based cultivator for C$35 million.
While buyers and sellers are eager to close deals, both parties should perform their due diligence before signing off.
Market consolidation can benefit buyers and sellers, but how should a management team prepare for a future transaction?