{"id":239181,"date":"2020-08-11T20:39:46","date_gmt":"2020-08-11T20:39:46","guid":{"rendered":"https:\/\/wordpress-322679-2855828.cloudwaysapps.com\/?p=239181"},"modified":"2023-03-21T19:29:27","modified_gmt":"2023-03-21T19:29:27","slug":"cannabis-industry-readies-for-ma-after-covid-19-boosts-weed-demand","status":"publish","type":"post","link":"https:\/\/roundsconsulting.com\/2020\/08\/cannabis-industry-readies-for-ma-after-covid-19-boosts-weed-demand\/","title":{"rendered":"Cannabis industry readies for M&A after COVID-19 boosts"},"content":{"rendered":"
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Since its peak in August 2018 in the run-up to Canada\u2019s legalization of recreational weed, cannabis stocks tracker MJ ETF has dropped 70%. M&A fell 80% and capital raising slumped 70% to $2.71 billion through July 31, according to the Viridian cannabis deal tracker.<\/p>\n
However, as pot demand surged in lockdowns, stock prices have recovered, raising prospects that funding will be available for some deals.<\/p>\n
\n\u201cYou\u2019ll still see a lot of the same funding sources but they\u2019re going to be much more diligent and cautious with their dollar,\u201d said Avis Bulbulyan, CEO at cannabis consultancy Siva Enterprises.<\/p>\n<\/blockquote>\n