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As Cannabis Industry Grows, So Do the M & A Numbers

As Cannabis Industry Grows, So Do the M & A Numbers
Mergers & Acquisitions Of course, as the industry grows, larger players in the cannabis market, and outsiders, will be coming in to acquire companies across the cannabis marketplace. In recent days, Constellation Brands (the parent Company of Corona and Modelo Beers), acquired a portion of Canopy for 5.4 Billion Dollars. Cigarette manufacturers are seeking potential partners in various markets across the United States for acquisition. However, there are also internal industry mergers occurring as well. Today it was announced that MedMen has purchased PharmaCann for $682 Million dollars in an all stock deal. ( medical-cannabis-firm-pharmacann/) PharmaCann was a substantial player in the markets, owning provisioning centers, processing facilities and grows in multiple States, including Michigan. Everyday Impact For the single location provisioning center, this news may not seem like much of anything. Mergers & Acquisitions Everyday Impact

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