CONSOLIDATION NATION
CONSOLIDATION IS COMING By Bryan Borzykowski
It won’t be long before business’s biggest players try to score a budding cannabis business. Over the last couple of years, the Canadian cannabis sector has seen its fair share of takeovers, but it’s mostly been larger companies, like Canopy Growth or Aurora Cannabis, buying smaller players. On August 13, though, the M&A game changed when Constellation Brands, a massive Victor, New York– based alcohol company, sunk $4 billion into Canopy in exchange for a 38% share of the pot producer — upping its existing 10% stake — and an option to one day take full control.
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