Viridian Chart Of The Week: The U.S. Dominated Cannabis M&A Activity In 2020

  • Since Q3’2019 we have been commenting that the U.S. would become the main target region for cannabis company acquirers. We looked back through the Viridian Cannabis Deal Tracker and here are the numbers —  U.S. cannabis companies accounted for over 90% of M&A consideration in the 2nd half of 2020.

  • During the first quarter of 2019, Canada had the highest share of M&A consideration, but as the year progressed, cracks in the Canadian business model began to become apparent: excess cultivation capacity; scarcity of retail outlets; excessive opex; and revenues that refused to grow as expected.

  • The change in the trend began to be seen in the 3rd and …

Full story available on Benzinga.com

More Viridian Chart Of The Week: The U.S. Dominated Cannabis M&A Activity In 2020