Canadian cannabis companies are increasingly setting their sights on South America, where several countries are liberalizing their cannabis laws.
Much has been made of the marijuana M&A spree afoot in Canada. Just this year alone, licensed producer Aurora Cannabis Inc. agreed to acquire CanniMed Therapeutics Inc for $852 million, which would create the largest cannabis company in the world.
Bank of Montreal got into the weed game with a $175 million deal with Canopy Growth Corp. Skyrocketing cannabis stocks are leading to comparisons to the dot-com boom, and American marijuana companies are looking North for more capital and a friendly business environment.
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Mona Zhang ~ Forbes.com via 420Intel.com ~
