in a $2.1 billion deal. as the biggest cannabis firms jockey to dominate the US market.
Cannabis advisory firm Viridian Capital Advisors says that we should expect the top five cannabis companies by market cap — Curaleaf, Green Thumb, Verano, Trulieve and Cresco— to look to acquire operators with big footprints in single states or multiple markets. In a Thursday note, Viridian analyst Jonathan DeCourcey said that the Trulieve-Harvest deal is important in large part because it represents"a plug and play opportunity for Trulieve with a primary focus on large and established markets."
While Trulieve has a big presence in Florida, Harvest's operations are focused heavily on the Southwest., according to data from Viridian. This means that Trulieve's biggest competitors, those in the top tier of US cannabis companies, are well capitalized to pursue a similar strategy. Viridian added that the 6th through 15th largest cannabis companies by market caps, or the"second tier" players, may also make notable acquisitions after raising big rounds of capital in 2020 and earlier this year. Companies in this group that are most likely to make deals include Ayr Wellness, Jushi Holdings, Planet 13 Holdings, and TerrAscend.An inside look at the multibillion-dollar global cannabis boom. Sign up for Insider Cannabis.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
12 Unique and Thoughtful Wedding Gifts You Won't Believe We Found on AmazonWe kind of want these items all for ourselves.
Source: POPSUGARMoms - 🏆 117. / 63 Read more »
Nissan shares tumble 12% after guidance disappointsNissan Motor Co (7201.T) shares slumped as much as 12.2% on Wednesday to their lowest in five months after the Japanese automaker's weaker-than-expected guidance for the current fiscal year.
Source: Reuters - 🏆 2. / 97 Read more »
May 12: MarketWatch - Where Should You Retire?Join Barron’s Live weekdays at noon, for timely and actionable insights tied to the coronavirus crisis. Dial-in to connect with top experts and our editors covering the outbreak, to hear the impact on markets, the economy, companies, real estate, and more. Session topics subject to change pending breaking news. Barron's senior managing editor Lauren R. Rublin, reporter Al Root and a special guest discuss the outlook for the aerospace industry.
Source: MarketWatch - 🏆 3. / 97 Read more »
CDC panel recommends Pfizer's COVID-19 vaccine for kids as young as 12BREAKING: Adolescents ages 12 to 15 should get the Pfizer-BioNTech COVID-19 vaccine and they can get their other routine vaccinations along with it, a federal advisory committee said Wednesday. Soon? kroger Walgreens meijer BeaumontHealth cvspharmacy The only mRNA vaccine?
Source: YahooNews - 🏆 380. / 59 Read more »
CDC panel recommends Pfizer Covid vaccine for 12-15 year oldsJUST IN: CDC advisory panel votes to recommend Pfizer's Covid-19 vaccine for use in kids ages 12 to 15, a key step for middle and high schools to reopen fully by this fall.
Source: NBCNews - 🏆 10. / 86 Read more »
CDC advisers vote to recommend use of Pfizer's Covid-19 vaccine in 12-15-year-oldsCDC advisers have voted unanimously to recommend giving Pfizer/BioNTech's Covid-19 vaccine to kids as young as 12 Bunu İsraillilerin yaptığını haberleştirmek için ne kadar para istiyorsunuz ? GazaUnderAttack GazaUnderAttack
Source: CNN - 🏆 4. / 95 Read more »