Canadian cannabis companies set their sights on South America
Canadian cannabis companies have taken a particular interest in Colombia
Wednesday, January 31, 2018
Much has been made of the marijuana M&A spree afoot in Canada. Just this year alone, licensed producer Aurora Cannabis Inc. agreed to acquire CanniMed Therapeutics Inc for $852 million, which would create the largest cannabis company in the world. Bank of Montreal got into the weed game with a $175 million deal with Canopy Growth Corp. Skyrocketing cannabis stocks are leading to comparisons to the dot-com boom, and American marijuana companies are looking North for more capital and a friendly business environment. Amid the frenzy, Canadian cannabis companies are increasingly setting their sights on South America, where several countries are liberalizing their cannabis laws. (See also: Latin America offers Canada a route to global dominance in medical marijuana)
