Short Term Trading Weekend Lounge: 4-6 Jan, page-21

Whoops! Another one I posted on the day trading forum and forgot to post on here.

On Dec 28, Bloomberg were running the story about Green Growth Brands planning a hostile bid for Aphria. That's a US cannabis company bidding for a Canadian one. Another sign that M&A is alive and well and that this industry is another that could see some consolidation.

Here's an article with an interview with the GGB CEO.

"The nature of the cannabis market is you have to be willing and able and confident to do acquisitions. There will be consolidation within this marketplace. Even when we bought our first asset and launched our company, we’ve been shopping for good acquisitions targets. I wouldn’t say we’re hellbent on having something in Canada. I would say here’s an asset we’re familiar with and has an attractive premium with us."