After nearly a limited deal-making, cannabis companies are gearing up for mergers and acquisitions as realistic stock assessments and the prospect of U.S. legalization attract buyers to a sector according to executives and investor. Many lucrative cannabis companies want to buy their way into niche segments and expand their brands. Also, distribution agreements could also help companies reach consumers who have shown an increased inclination for pot products since the start of the corona-virus pandemic. As pot demand rose in lockdowns, stock prices have recovered, which has raised the prospects that funding will be available for many deals in the future.
– Shariq Khan, Business & Financial News, U.S & International Breaking News | Reuters, 08/11/2020 2:02:49 PM