Cannabis Bargains Dry Up With Pot Stocks Limping Into Year Finish


The quantity of cannabis M&ampA offers in the 4 weeks ended Nov. 22 plunged to 3 — from 36 a year ago.

Dealmaking has gone quiet in the pot space as the slump in shares removes a essential currency and investors get picky.

Final week alone, Cresco Labs Inc. terminated its proposed acquisition of VidaCann Ltd., eliminating US$120 million in close to-term money needs, and SOL Worldwide Investments Corp. mentioned it no longer intends to obtain MCP Wellness Inc., as “current marketplace situations do not assistance a transaction of this size.”

– Study the complete report at News.


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