Last week, we published an article that highlighted some of the recent merger and acquisition (M&A) activity within the legal marijuana industry.
In this article, we explained how the legal marijuana industry is in the early innings of a major consolidation cycle and how we expect this trend to significant accelerate over the next year.
This trend is already showing signs of heating up and today, we have highlighted 4 significant acquisitions that have taken place in the last quarter.
Isodiol: Acquires Hemp Business to Increase Market Share
Before the market closed on Friday, Isodiol International Inc. (ISOL.CN) (ISOLF) announced that it entered a binding agreement to acquire Be Trū Organics, a formulator, marketer, and seller of a proprietary line of hemp extract products.
Be Trū has a proprietary product line (i.e. topicals, oral sprays, and edibles) that contain blends of more than 75 organic botanical terpenes and sold under the company’s Be Trū Organics, Canatrū, and Cebatrū brands.
This is a significant acquisition for the bioactive phytoceutical innovator that specializes in the development of pharmaceutical and wellness products. The market has responded very favorably to Isoldiol’s recent developments and continued execution. We remain favorable on Isodiol and investors need to keep an eye on this stock.
Aurora Cannabis Acquires Larssen
Last month, Aurora Cannabis (ACB) (ACBFF) signed a definitive agreement for the acquisition of Larssen Ltd. The company anticipates completing the acquisition within the coming weeks. We are favorable on this acquisition as it will significantly enhance the services that Aurora provides to the legal cannabis industry.
Larssen, a Canadian company that has set the industry standard in high-tech, automated, environmentally controlled greenhouses for over 30 years, has consulted on the design, engineering, and construction oversight of many of the world’s most advanced greenhouse cultivation facilities. Larssen has been involved with over 1,000 projects around the globe.
