marijuana growers agree to $2.2 billion merger

[743 roadmasterParticipant]

https://www.msn.com/en-us/money/companies/canadian-marijuana-growers-agree-to-dollar22-billion-merger/ar-AAxf1o8?OCID=ansmsnnews11

Consolidation in Canada’s nascent marijuana industry is heating up, with two of the largest players agreeing to the biggest merger seen so far in the sector.

Aurora Cannabis Inc. agreed to buy rival MedReleaf Corp. for about C$2.9 billion ($2.2 billion) in stock, the companies said Monday in a statement. The deal will create a producer with the capacity to grow 570,000 kilos (1.26 million pounds) a year of cannabis at nine facilities in Canada and two in Denmark. The merged company will also have distribution networks at home as well as in Europe, South America and Australia.

Canadian marijuana growers are racing to gain market share as Prime Minister Justin Trudeau pushes to legalize recreational use this year. Aurora is leading the effort to consolidate the industry, having acquired more than 10 targets in the past two years.

——–So much for the little guy. 1.2 million pounds, hell of a lot of weed.

mgtow is its own worst enemy- https://www.campusreform.org/

[iMickey503Participant 12465]

I talked about this a while ago. While it was Barely legal, the small grower was doing great. Now unless you are a BIG operation, your dead in the water.

I’m smiling really. The only market now is pills.

You are all alone. If you have been falsely accused of RAPE, DV, PLEASE let all men know about the people who did this. http://register-her.net/web/guest/home

[743 roadmasterParticipant]

Jim Beam Heir Enters Cannabis Industry to end ‘Prohibition 2.0’

Jim Beam Heir Enters Cannabis Industry to end ‘Prohibition 2.0’

Ben Kovler, heir to the Jim Beam bourbon fortune, has announced that he is entering the legal cannabis industry.

The heir to a fortune earned from bourbon during the post-Prohibition era is building a new company in the cannabis industry.

Ben Kovler is the great-grandson of Harry Blum, who invested in the Jim Beam brand after the end of Prohibition. After buying out his partners for about $1 million in 1941, Blum sold the company in 1967 for an undisclosed sum.

Kovler is also the founder and chairman of Green Thumb Industries (GTI). Today, GTI announced they will be acquiring a publically traded Canadian company in what is known as a reverse merger.

https://www.gtigrows.com/

——-When all of this started off figured some good sized business here and there, but not the industrial level it has become. Oh and this guy is working the US side of the border.

“At this time, GTI does not plan to begin cannabis operations in Canada. Instead, the acquisition gives them access to a new source of capital to expand its operations in the U.S.”

mgtow is its own worst enemy- https://www.campusreform.org/

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