#Cannabis
Acquisitions Popping Up Like Weeds; (NYSE: $CGC) (OTC: $SING) (OTC: $HRVSF)
(CSE: $GTII.C)
Point Roberts WA,
Delta BC – March 26, 2019 - Investorideas.com, a leading investor news resource covering
hemp and cannabis stocks continues with our two part series on how the growing cannabis market is boosting
ancillary markets, with part two focusing
specifically on acquisitions in the cannabis sector.
According
to a recent Forbes
article, “most of the businesses growing, processing and selling
cannabis across the United States are small independently-held entities. That
may change in 2019 which looks like a big year for industry mergers,
acquisitions and expansion. Large companies, like those in the food, tobacco
and pharmaceutical industries have mostly stayed on the sidelines, held back by
regulatory concerns, but are now expected to enter the market. The cannabis
industry still has a mom and pop feel but that could change rapidly.”
Read this in full at https://www.investorideas.com/news/2019/cannabis/03262Stocks-Acquisitions.asp
Canopy Growth Corp. (NYSE: CGC)
(TSX: WEED) is a strong example of one such larger company making
acquisitions, having recently acquired AgriNextUSA, a hemp enterprise led
by CEO, Geoff
Whaling, that has been at the forefront of hemp advocacy and
building a vibrant hemp sector in the US. The acquisition
is expected to accelerate Canopy Growth's entry into key American jurisdictions
as regulations surrounding the full use of hemp as a crop implementation.
SinglePoint (OTC: SING), a company with a focus on
acquiring companies that will benefit from the injection of growth capital and
technology integration in mobile payments, ancillary cannabis services and
blockchain solutions, has been very busy making recent acquisitions in
Cannabis and most recently solar, all which could benefit their cannabis division was
featured in Part
One
of this series.
The company offers mobile Web checkout gateway services
which allow mobile users to purchase goods and services directly from
Web-enabled mobile phones through credit or debit cards. It also sells hemp
products through SingleSeed.com, supplies hydroponic supplies and nutrients to
commercial and individual farmers through retail and online stores.
SinglePoint, Inc. was founded in 2007 and is based in Phoenix, Arizona.
Harvest
Health and Recreation (OTC: HRVSF) (CSE: HARV) recently announced that it would buy competitor
Verano Holdings for $850 million in an all-stock deal, marking the largest US
cannabis deal to date. The combined company will be one of the country's
largest multi-state operators, presiding over as many as 200 facilities in 16
states.
Steve White, the co-founder and CEO of Harvest, commented
on the state of the market in a recent CNBC article. "Presently, we're in a phase
that people are referring to it as a land grab," White told CNBC's ’Fast Money.’
"We plan on ... developing the largest retail footprint, the largest
retail platform, in the United States, and with this acquisition, I think we've
done that."
Green
Thumb Industries Inc. (CSE: GTII) (OTC: GTBIF) also recently announced the closing of the acquisition of
For Success Holding Company, the Los Angeles-based creator of the lifestyle
suite of Beboe branded cannabis products.
Beboe is the leader in luxury cannabis whose mission is to
‘destigmatize’ legal cannabis through heightened experience and education.
Beboe is best known the thoughtful design aesthetic of its iconic rose gold
vaporizing pens and edible pastilles, and each product is curated with a unique
blend of socially dosed THC and CBD. Beboe is currently available in more than
125 retail locations in California and Colorado and via home delivery across
California. In 2018, Beboe launched a direct-to-consumer hemp-derived CBD line
of products and introduced several collaborations, including a CBD-infused
drink with wellness brand Dirty Lemon.
In early 2019, Barneys New York announced an exclusive
partnership with Beboe for a first-of-its-kind luxury cannabis lifestyle and
wellness concept shop, “The High End.” The shop will debut at Barneys’ Beverly
Hills flagship location in March, with plans to expand to additional locations
in the near future. The collaboration includes exclusive, special edition
packaging and a silver Beboe vaporizer pen in celebration of the project. With
the acquisition by GTI, Beboe products will become available beyond California
and Colorado with distribution in select markets.
This “land grab” momentum is expected to continue through
2019 as the cannabis sector expands and consolidates within its own sector and
with its ancillary markets. This may mean that the companies making early
acquisitions will have a much better chance of success in the market.
Part one The SunnySide of Cannabis; Cannabis Growth
Boosts Solar Market; (TSX: $VFF.V) (OTC: $SING) (CSE: $HUGE.C) (CSE: $BGRD.C)
For investors
following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX
Marijuana/Hemp Stocks
About Investorideas.com
Investorideas.com is a recognized news source publishing third party
news and press releases plus we create original financial content. Learn about
investing in stocks and sector
trends from Investorideas.com with our
news alerts , articles , podcasts and videos talking about
cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water,
renewable energy and more . Investorideas.com original branded content includes
the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and
column, Cleantech and Climate Change
Podcast and the AI Eye Podcast and column covering developments in AI.
Follow us on Cannabis Social Media
Investorideas.co
Disclaimer : Our site does not make
recommendations for purchases or sale of stocks, services or products. Nothing
on our sites should be construed as an offer or solicitation to buy or sell
products or securities. All investment involves risk and possible loss of
investment. This site is currently compensated for news publication and distribution,
social media and marketing, content creation and more. Contact each company
directly regarding content and press release questions. Disclosure is posted
for each compensated news release, content published /created if required but
otherwise the news was not compensated for and was published for the sole
interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: this news article featuring
SING is a paid for news release on Investorideas.com . Learn more about costs and our services
https://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective
September 15 2008 - all BC investors should review all OTC and Pink sheet
listed companies for adherence in new disclosure filings and filing appropriate
documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global
investors must adhere to regulations of each country.
Please read
Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Investor Ideas does
not condone the use of cannabis except where permissible by law. Our site does
not possess, distribute, or sell cannabis products.
Contact Investorideas.com
800-665-0411
