Recent Trends Reveal Canadian Market Maturing Faster Than U.S.

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Recent Trends Reveal Canadian Market Maturing Faster Than U.S.

Flickr / Michelle Hofstrand / (CC BY-ND 2.0)

“We are continuing to see Canadian companies invest in or acquire assets in U.S. cannabis markets […] looking to take advantage of increased demand abroad,” Viridian Capital Advisors analyst Harrison Phillips told Benzinga on Wednesday, going over some of the most recent M&A activity, deals and capital raises in the marijuana industry.

Recently-public, Canadian licensed producer Emblem Corp EMMBF closed a C$15.9 million ($12.07 million) private placement to fund the planned expansion of an Ontario facility, among other corporate purposes.

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