Although COVID-19 has improved the long-term investment case for the marijuana industry as many states governments deemed it “essential,” at the same time the epidemic has made capital markets for cannabis more skittish. A declining stock price along with promising legalization efforts in the cannabis industry has had a negative impact on the big cannabis player; Schwazze’s. In 2019, Schwazze announced 10 deals between January 2019 and September 2019 to consolidate its Colorado supply chain and build the largest vertically integrated operator in the state. However, five of the ten planned deals in Schwazze’s strategy to consolidate the Colorado market have failed.
– Marijuana Business Daily, 08/03/2020 6:30:32 AM