APHA - Will There Be More M&A for the Cannabis Industry in 2021?
In the past few months, some big deals have taken place in the cannabis industry. In December 2020, there was news of a near-$4 billion merger including Canadian pot giants Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY) , which will create the largest cannabis company in the world in terms of revenue. Earlier this month, Jazz Pharmaceuticals (NASDAQ: JAZZ) also announced it would be acquiring GW Pharmaceuticals (NASDAQ: GWPH) . And with more states legalizing marijuana and a slightly more pot-friendly presidential administration and U.S. Congress in place, there's tons of excitement in the industry right now.
Is the industry ripe for more mergers and acquisitions (M&As)? Below, I'll take a look at some of the industry's largest deals and whether cannabis investors should expect to see more action this year.
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Will There Be More M&A for the Cannabis Industry in 2021?