Articles by Jenel Stelton-Holtmeier :
Merger and acquisition activity in the cannabis industry through the first three weeks of March is far outpacing that of the same period last year.
Through the first two weeks of March, cultivation and retail continued to be the most attractive for capital raises, with the sector raising more than $2.7 billion.
North American cannabis companies have raised nearly $3.3 billion so far this year, outpacing the record funding levels set in 2018, according to the latest data from Viridian Capital Advisors.
While the cannabis industry has experienced massive growth over the past 12 months, few companies have seen early success in profitability to date.
M&A activity this year is outpacing the number of deals closed this time last year. Cultivators and retailers continue to be top takeover targets with nearly 30 deals closed this year.
Cannabis is rife with scale-inhibiting regulations, founders with potential black marks on their record and a change rate that can leave portfolio companies in the dust.
This weekly series from Marijuana Business Daily and Viridian Capital Advisors provides the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves.