This industry will all come down to JVs, acquisiti
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Posted On: 02/28/2019 12:20:00 PM
This industry will all come down to JVs, acquisitions and the like. We are setting up! UNVC conglomerate in the making for real!
https://mjbizdaily.com/brands-hemp-firms-takeover-targets/
Green Thumb Industries (CSE: GTII) of Chicago closed its acquisition of Los Angeles-based For Success Holding Co., owners of the Beboe product line of premium cannabis and CBD-infused products. The all-stock deal, the value of which was not disclosed, underscores growing demand among branded product companies by larger operators looking to boost their product portfolios, Phillips said. “Local and regional brands that are differentiating themselves are generating a lot of interest and remain attractive for acquisition,” he said.
After the passage of the U.S. Farm Bill, hemp and CBD companies continue to be top acquisition targets as underscored by two recent deals:
GNCC Capital’s $120 million acquisition of BioCann Pharma, a CBD oil producer and distributor with offices in Colombia and Burlington, Ontario, Canada.
Youngevity International’s $16 million acquisition of Florida-based Khrysos, a manufacturer of hemp-based CBD extraction equipment.
https://mjbizdaily.com/brands-hemp-firms-takeover-targets/
Green Thumb Industries (CSE: GTII) of Chicago closed its acquisition of Los Angeles-based For Success Holding Co., owners of the Beboe product line of premium cannabis and CBD-infused products. The all-stock deal, the value of which was not disclosed, underscores growing demand among branded product companies by larger operators looking to boost their product portfolios, Phillips said. “Local and regional brands that are differentiating themselves are generating a lot of interest and remain attractive for acquisition,” he said.
After the passage of the U.S. Farm Bill, hemp and CBD companies continue to be top acquisition targets as underscored by two recent deals:
GNCC Capital’s $120 million acquisition of BioCann Pharma, a CBD oil producer and distributor with offices in Colombia and Burlington, Ontario, Canada.
Youngevity International’s $16 million acquisition of Florida-based Khrysos, a manufacturer of hemp-based CBD extraction equipment.
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