Analysis originally distributed on Decemberber 7, 2016 By: Michael Vodicka of Cannabis Stock Trades
Two of my favorite cannabis stocks reported great news.
On December 1 Canopy Growth Corp (TSX:CGC), Canada’s largest medical marijuana company, announced a $430 million bid to purchase industry rival Metrum (TSX.V:MT).
This is one of the most important events of the year in the cannabis industry.
If the merger is approved by regulators and shareholder it would the single largest merger in the history of the young cannabis industry.
It would help solidify Canopy’s status as the giant of the Canadian medical marijuana market.
The combined company would have a market cap of more than $1 billion, 655,000 thousand square feet of annual production capacity and the potential to capture half the entire Canadian medical marijuana. Continue reading "Canopy Positioned to Dominate with $430 Million Bid for Mettrum"
