An early wave of hashish mergers and acquisitions burned buyers. A contemporary spherical is now underneath means, however they produce other issues to fret about than historical past repeating itself.
This yr is on observe to set a report for purchases of U.S.-based marijuana firms. Transactions price $5.5 billion have closed up to now in 2021, in line with Viridian Capital Advisors, in contrast with roughly $3 billion final yr and $3.7 billion in 2019. On the primary day of this month alone, three acquisitions have been introduced, together with TerrAscend’s buy of Michigan-based Gage for $545 million.