Cannabis Industry Gearing Up for Wave of Mergers and Acquisitions Amid Prospect of U.S. Legalization

A surge in pot demand in lockdowns has helped stock prices recover and raised prospects of funding for deals. After nearly a year of next-to-no deal-making, cannabis companies are gearing up for mergers and acquisitions as realistic stock valuations and the prospect of U.S. legalization attract buyers to a sector that has been decimated by oversupply and other issues, executives and investors say. Profitable cannabis companies want to buy their way into niche segments and…

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