Andrew Wilder speaks to The Globe and Mail regarding the recent rise in cannabis stocks

Andrew Wilder, Co-chair of our Cannabis Law Group , spoke with The Globe and Mail regarding the recent rise in cannabis stocks.

The recent explosive runup in Canadian cannabis stocks – triggered by the same forces behind GameStop Corp.’s GME-N -5.86 % decrease meteoric rise – has unleashed a flood of money into a sector that had been largely starved of capital for more than a year, Bay Street dealmakers say.

Andrew Wilder, partner at Torkin Manes LLP, which primarily handles deals in the cannabis retail sector, believes the recent market exuberance bodes particularly well for retailers such as High Tide and Fire & Flower to consolidate their ownership positions across Canada. “Every single pot shop sells the same thing for the same price. There will have to be more consolidation,” Mr. Wilder predicted.

This article was originally published on The Globe and Mail website. To read the complete article, visit The Globe and Mail

Most Recent Posts

The Value of Written Employment Contracts: Risk and Reward

Whether you are a start-up or a well-established enterprise, and whether you are hiring your first or your hundredth employee, written employment cont...
Apr 6, 2021

Matt Maurer to speak at Toronto Lawyers Association webinar

Matt Maurer to speak at the Toronto Lawyers Association webinar titled, "Cannabis: Everything you Always Wanted to Know* (*But Were Afraid to Ask)" on...
Mar 29, 2021

An important tax strategy for cannabis business owners – Part 1

One of the most common objectives of a successful business owner is to create an ownership structure which minimizes taxes and facilitates the transfe...
Mar 26, 2021