We closed out an eventful 2019 that saw investor focus shift from growth to profitability, capital markets demanding a path to profitability, high-profile management turnover, scores of acquisitions scuttled and an industrywide stock selloff averaging 31% for the full year and 53% in the second half for the operators in our cannabis comp tables.
What does it signal for 2020?
- U.S. operators trade at sharp discount to Canadian operators
- Akerna fires and hires CFOs
- Harvest Health to acquire cultivation facility from MJardin Group