NuSierra Medical Cannabis

Canadian Cannabis Companies Set Their Sights On South America

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.

Read the full article at Forbes.com